Dharavi redevelopment authorities to rope in National Builder Construction Company for the project

Mumbai: After failing to get bidders for the much awaited Dharavi redevelopment project, the authority is planning to rope in National Builder Construction Company (NBCC) for the project. The NBCC has recently tabled a proposal agreeing to the strict terms of the authority which was a reason that restricted other developers in the past from finalising the bid.

A senior official from the Dharavi Redevelopment Authority said, “There is a proposal and we are going through the entire plan. As of now, it is difficult to comment on the matter as the final evaluation is still pending.”

The redevelopment project of Asia’s second largest slum has been in the pipeline since 2004. Repeated attempts to tender out the project have been unsuccessful. With an eye on the civic polls, the state government had decided to revive the project last year. Despite sending bids after several extensions, the project received no bids from developers. The entire cost of the projects is nearly Rs 22,000 crore wherein approximately more than 55,000 families will be rehabilitated into a better structure.

There were no takers for the final bids since the stringent conditions were cited as a major reason. Moreover, officials confirmed that the developers who were eying this project had demanded more Floor Space Index in order to expand their saleable components. However, the authority disagreed on giving extra FSI to developers which restricted them to finalise the bids.

According to the plan, each eligible beneficiaries of the redevelopment scheme will get an area of 350 square feet.  The decided area was opposed by the Shiv Sena which demanded a minimum area of 405 square feet. The entire project is divided into five sectors wherein the first four sectors will be developed by public-private partnership and the fifth will be developed by Maharashtra Housing and Area Development Authority (MHADA).

(To receive our E-paper on whatsapp daily, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

Free Press Journal