Dharavi Redevelopment Project, which is a joint venture of government of Maharashtra and the Adani group is absorbing all the stops to incentivize residents and commercial establishments in the slum cluster to ease the resettlement and rehabilitation process and make it more palatable to them. The whole project which is worth of $3 billion was decided to be completed within seven years.
It is not only the over one million residents in one of the largest slum clusters in the world, but also the large number of industries such as pottery, textiles, leather, and waste recycling, who will be affected. The master plan is yet to get the final nod from the state government. The project will offer upskilling opportunities, vocational training, and education initiatives that are expected to open up new employment avenues for the residents.
According to the information this comprehensive approach will not only back the existing businesses, but also it paves the way for enhanced skills and empowerment for the commercial ecosystem in Dharavi.
During the last week, DRPPL stressed the tax refund that eligible commercial units in the area will receive in the form of a refund of State Goods and Services Tax for five years. The conditions of the tender stated that SGST for industrial and commercial units would be reimbursed by the State government’s finance department through the DRP/SRA for five years from the date of issuance of the OC. Eligible industrial and commercial units will have to provide SGST payment details as proof while claiming the refund.
The stampduty payable on the first sale of commercial properties has been exempted. The project has also ensured clearly demarcated commercial areas with the necessary infrastructure.
Earlier the residents of the slum were reassured to have apartments with a carpet size of 350 square feet, which is 17% more space than what slum redevelopments in Mumbai usually get. Each of the flats will have a separate kitchen and toilets.
Billionaire leader of Adani Group, Gautam Adani has undertaken this project aiming to uplift the living condition of the people living in the slums and provide them with better amenities. For that reason he wants to complete the whole project within the stipulated time frame.
The project will be following the development trends of Singapore and renowned architect Hafeez Contractor along with UK’s consultancy firm Buro Happold and US-based design firm Sasaki will be joining hands to make the project successful one.
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