Adani starts Dharavi rehabilitation work on 22-acre Matunga land parcel
Adani Navbharat Developers Pvt Ltd has initiated construction of rehabilitation homes at the 22-acre Matunga railway site. This project will include 10,432 apartments along with commercial and industrial units for eligible Dharavi residents. The f...
This land parcel will house 10,432 apartments across 10 towers and 1,379 commercial and industrial units. The project envisages 350 sq ft homes for eligible residents under the in-situ rehabilitation scheme, the company said in a release.
Residents eligible for rehabilitation from Sectors 6 and 1 will receive homes at the Matunga site first, followed by nearly 4,500 apartments for other eligible Dharavi residents on a priority basis.
The 10 towers will be handed over in three phases to the Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA), under the Maharashtra government. The first five towers are scheduled for handover by March 2029, the next two by August 2029 and the remaining three by August 2030.
Around 10% of the commercial space in each rehabilitation building will be reserved to generate revenue for common infrastructure upkeep. ANDPL will maintain the buildings and shared infrastructure for the first 10 years after handover.
NMDPL, formerly known as Dharavi Redevelopment Project Pvt Ltd (DRPPL), is the special purpose vehicle (SPV) undertaking the redevelopment of Dharavi spread over nearly 600 acres in the heart of the country's financial capital.
An Adani Group entity holds an 80% stake in NMDPL, while the Maharashtra government controls the remaining 20%.
The wider Dharavi redevelopment project envisages a mixed-use township with shops, schools, healthcare facilities, places of worship, parks, public transport and other social infrastructure.
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