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Mahesh

20/12/23 07:05 AM IST

Dharavi revamp

In News
  • Recently, wielding flags and banners bearing slogans like “Remove Adani, Save Dharavi”, thousands of protesters led by Opposition parties in Maharashtra marched towards billionaire Gautam Adani’s Mumbai office to express their dissent.
Dharavi Redevelopment Project
  • The Maharashtra government has been struggling to find a ‘perfect’ bidder, who can take up the challenge of rebuilding a ‘city within a city’ by relocating all the slum-dwellers and their businesses till the redevelopment is finished.
  • In November of last year, Adani Properties Private Limited successfully secured the 259-hectare redevelopment project through competitive bidding.
  • The conglomerate quoted ₹5,069 crore for the project, while the DLF Group submitted a bid of ₹2,025 crore.
  • The redevelopment plan is an integrated development approach of the residential, commercial, and industrial with a floor space index of over 4.
Controversy
  • In November 2018, the State government under the leadership of the then Chief Minister Devendra Fadnavis approved a new model for redeveloping the slum.
  • Although a Dubai-based consortium - Seclink Technologies Corporation - successfully bid against Adani in January 2019, the tender was not awarded due to the decision to incorporate 47.5 acres of Railway land into the redevelopment project.
  • In October 2020, the Maharashtra Vikas Aghadi (MVA) government, led by Uddhav Thackeray, annulled the tender, citing plans to issue new tenders soon.
  • The MVA government stated that one reason for cancelling the tender was the delay by the Centre in transferring the critical railway land necessary for the project.
  • The Seclink Technologies Corporation launched a legal battle alleging the State government improperly cancelled an original 2018 tender for the slum redevelopment and favoured Adani Group in giving the new contract.
  • The Congress alleged that the BJP government is “benefitting” Adani Group by relaxing norms for the Dharavi redevelopment project with the party’s general secretary (communication) Jairam Ramesh alleging that the Maharashtra Urban Development Department, which had originally expressed its reservations about relaxing the rules, “has been compelled to issue a notification that removes the provision of indexation in Dharavi’s real estate Transferable Development Rights (TDR), and made it mandatory for all Mumbai builders to buy the first 40% of their TDRs from Adani”.
Current status of the project
  • DRP and Adani Properties formed a Special Purpose Vehicle (SPV) called the Dharavi Redevelopment Project Pvt Ltd (DRPPL).
  • The developer holds 80% equity in SPV and the State government will hold the remaining 20%.
  • The chairman/chairperson of the SPV will be appointed by the government, and the managing director will be appointed by the Adani Group. Both positions are still vacant.
  • The deadline for submitting the master plan is set at 150 days.
  • This plan will provide comprehensive information about the designated areas for rehabilitation buildings and free sale buildings, along with the positioning of public amenities such as schools, hospitals, gardens, and playgrounds.
  • The masterplan and survey reports will be submitted to the government which will take a final call.
  • The Maharashtra government is highly optimistic about completing the entire process of rehabilitation and redevelopment in seven years starting next year.
  • However, the developer stated that the period is ‘insufficient’ and sought at least 10-12 years for the entire process to be completed.
Source- The Hindu

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