3 min readMumbaiMay 29, 2025 12:55 AM IST
First published on: May 28, 2025 at 11:53 PM IST
The Maharashtra government on Wednesday approved the master plan for the Dharavi Redevelopment Project.
The approval was granted during a high-level review meeting chaired by Chief Minister Devendra Fadnavis at the Sahyadri Guest House, where Chief Executive Officer of the project SVR Srinivas presented a detailed overview of the plan.
After the presentation, CM Fadnavis said that the project would be implemented through an environmentally sustainable and integrated approach. He emphasised that the rehabilitation of local artisans and residents would be prioritised in the ambitious initiative.
According to officials, Fadnavis directed authorities to ensure that Dharavi’s original identity as a vibrant economic and industrial hub is preserved.
“The core essence of Dharavi must be protected. We are not just building structures, we are rebuilding lives,” Fadnavis said during the meeting.
“Every eligible resident must receive a home in Dharavi. Every skilled artisan and small business should be brought into the mainstream through fair rehabilitation. The criteria for eligibility may differ, but no one from Dharavi should be left behind,” he added.
Deputy Chief Minister Eknath Shinde, who was also present at the meeting, instructed the departments concerned to expedite all necessary approvals and processes related to the project.
The Dharavi project is considered one of Asia’s largest slum rehabilitation initiatives.
The redevelopment is being carried out by a special purpose vehicle (SPV) set up through a joint venture between the Maharashtra government’s Slum Rehabilitation Authority (SRA) and the Adani Group’s Dharavi Redevelopment Project Private Limited (DRPPL), now renamed Navbharat Mega Developers Private Limited (NMDPL).
In this SPV, Adani Properties Private Limited (APPL) holds an 80 per cent stake, while the remaining 20 per cent is held by the SRA.
The gross area of the Dharavi Notified Area is approximately 253.7 hectares. Of this, the redevelopment project covers 173.90 hectares (usable area), including land under the Railway Land Development Authority (RLDA), while 79 hectares of property are excluded from the project scope.
The total estimated cost of the project is Rs 95,790 crore.
The project received official approval and the Letter of Acceptance (LoA) on July 17, 2023.
Construction began on January 14, 2025, with the issuance of the First Commencement Certificate (First CC). The project is scheduled to be completed within seven years, by January 13, 2032.
The project received official approval and the Letter of Acceptance (LoA) on July 17, 2023.
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