Archive · 31 May 2025
Dharavi Redevelopment Could Generate Massive Revenue
The Dharavi redevelopment project in Mumbai, a joint venture between the Adani Group and the state government, is expected to generate significant revenue by selling developed property.
Experts estimate a free sale area of roughly 140 million sq ft, potentially yielding between Rs 1.2 and 1.7 lakh crore.
The project includes constructing housing for current residents and then selling the remaining land.
While the total cost is around Rs 95,790 crore, including rehabilitation, some experts view the project's seven-year timeline as ambitious.
The Dharavi redevelopment plan could generate substantial revenue through the sale of developed property.
Approximately 140 million sq ft of free sale area is expected to be unlocked.
The project involves a joint venture between the state government and the Adani Group.
The total cost of the project is approximately Rs 95,790 crore, including rehabilitation.
The project's completion timeline is estimated at seven years.
- Who
- The Adani Group, Nav Bharat Mega Developers, property experts.
- What
- The Dharavi redevelopment project which could generate revenues of Rs 1.2-1.7 lakh crore.
- When
- The Dharavi redevelopment project's timeline is estimated at seven years.
- Where
- Dharavi, Mumbai.
- Why
- The Dharavi redevelopment project is expected to generate revenue from the free sale component of the project.
Critics/Aditya Thackeray
Adani Group/Government
Incentives and Revenue
Critics/Aditya Thackeray
Critics claim the Adani Group was given incentives for this project, and the BMC is denied premium for its land.
Adani Group/Government
The government is focused on housing and development as part of the project.
- Projected Revenue
- Rs 1.2-1.7 lakh crore
- Saleable Area
- Approximately 140 million sq ft
- Net Developable Area
- 270 acres
- Rehab Cost
- Rs 95,790 crore
- Rehab Units
- 72,000
Sources
Masterplan proposes 5-min access to essential amenities
After revamp, Dharavi popn may plunge to less than 5L: Govt report
Fears of displacement linked to community ties and a fading way of life
Project faces political heat ahead of BMC election
'Dharavi likely to unlock 140m sqft free sale portion'
