Dharavi Redevelopment Project Requests Five-Year Lease for 15 Acres in BKC

📅 June 28, 2024

Major Request from MMRDA for Project Facilitation

MUMBAI: Dharavi Redevelopment Project Pvt. Ltd. (DRPPL), a special purpose vehicle formed by the state government and the Adani Group, has formally requested a five-year lease for 15 acres of land in Bandra-Kurla Complex (BKC) from the Mumbai Metropolitan Region Development Authority (MMRDA). The land, previously used as a Metro works casting yard, is essential for storing heavy machinery required for the extensive redevelopment of Dharavi.

Background of the Dharavi Redevelopment

In November 2022, the Adani Group secured the bid to redevelop Dharavi with an initial investment of Rs 5,069 crore. The redevelopment project spans 600 acres and aims to transform one of Mumbai’s largest slum areas, housing nearly 12 lakh residents.

Request Details and Intentions

According to sources, DRPPL sent a letter on June 11, requesting the BKC land at commercial rates and agreeing to adhere to MMRDA’s terms and conditions if allocated. An MMRDA official confirmed the deliberation on this request. The SPV is actively seeking land outside Dharavi to support the redevelopment efforts.

Additional Land Acquisitions for the Project

- Railway Land Development Authority (RLDA): On March 13, 2024, RLDA transferred 27.57 acres, including a scrapyard near Mahim station, to DRPPL. This land is critical for building around 1-1.5 lakh tenements of 350 square feet each for eligible residents.

- Brihanmumbai Electric Supply and Transport (BEST): DRPPL has also requested 12 acres from BEST, encompassing two prominent bus depots in Sion East — Dharavi and Kalakilla. These depots, with a total parking capacity for about 300 buses, include offices, staff housing, and amenities

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Dharavi Redevelopment Project Requests Five-Year Lease for 15 Acres in BKC

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