Adani-led firm redeveloping Dharavi slum area in Mumbai can sell homes across city

Adani group led Navbharat Mega Developers Private Limited (NMDPL), which is redeveloping Dharavi, will not only be constructing saleable commercial and residential units within the slum pocket, but also at other locations across Mumbai that will rehabilitate ineligible Dharavikars.

- Ateeq Shaikh

MUMBAI: Additionally, NMDPL will generate Transferable Development Rights (TDR) from as many construction locations. This was confirmed by SVR Srinivas, chief executive officer (CEO), NMDPL, who said development plans of plots other than Dharavi would be made public in due course.

As part of a special package to ensure the project is "financially feasible" and make it a model for urban renewal on a grand scale, the company has been given special concessions ensuring real estate players mandatorily purchase a minimum of 40% of the development rights from NMDPL, said two people in the know of the project.

Since Dharavi's revamp has been declared as a "Vital Public Purpose Project", the state government is allowed to provide various concessions.

NMDPL did not respond to HT's questions regarding the matter till the time of going to print.