Dharavi Slum Redevelopment Model To Be Adopted By Other States: Niranjan Hiranandani

Описание: #ndanomice #easynomics #dharaviredevelopment #infrastructuredevelopment
Noted Mumbai-based real estate developer Dr. Niranjan Hiranandani, Founder & Chairman, Hiranandani Group, believes the Dharavi redevelopment scheme will see other states also adopting a similar approach towards slum redevelopment. The Adani Group has secured the Dharavi slum redevelopment project via open international bidding. The company will construct housing and commercial units through Dharavi Redevelopment Project Private Ltd (DRPPL), in a joint venture with the Maharashtra government. Once built, these units will be handed over to the Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA) of the Maharashtra government for allocation based on survey results. In the Dharavi redevelopment project, flats measuring 350 square feet will be allocated, which is 17% larger than those typically provided in other SRA schemes in Mumbai. The project also includes 10 years of free maintenance and allows for 10% commercial space within residential premises, ensuring sustainable revenue for housing societies. Eligible businesses will receive free business premises, and a five-year state GST rebate is offered to enhance profitability, integrate them into the formal economy, increase competitiveness, and create growth opportunities. The Dharavi Redevelopment Project is a first-of-its-kind initiative that seeks to transform Asia’s largest slum into a world-class city, creating a sustainable and thriving neighbourhood. The project aims improve the quality of life for over one million residents of Dharavi with several additional initiatives towards sustainable multi-modal transport systems and state of art infra utilities. Watch this excerpt for more insights.

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