Dharavi redevelopment project to change face of Mumbai's real estate

Mumbai | Wednesday | 17th October, 2018

Summary:

"Dharavi is a dream project, and it will generate over 5 crore sq.ft construction space, worth roughly 60-80,000 housing units. "The government fails to understand that Dharavi is not a housing project, but an integrated cottage and commercial industry. Besides Dharavi, the 94 acres of the BDD chawl redevelopment would also generate more than 8,000 saleable 2BHK housing units. Moreover, private and MHADA development would also create more than 3 lakh houses. No developer, Indian or foreign, has the financial capacity to undertake this project or putting in an initial Rs 25,000 crore to Rs 30,000 crore that is required..