Redevelopment of Dharavi
Rs 6000 crore redevelopment program of Dharavi, the world’s largest Slum rehabilitation scheme. Which is good news for the Real estate starved Mumbai, and the developers who have been eyeing this opportunity for years on.
The timing couldn’t have been more perfect, with real estate prices in Mumbai having shot way past even the speculative prices. The SRA( Slum Rehabilition Authority) chose the timing very well; because the real estate market in market is such that it is very hard to predict whether it will shoot up further, stagnate or if it is bubble ready to burst. It is true that Gods have stopped manufacturing land a long time ago and demands for land do rise exponentially, but then it has happened that with every boom there are speculators who also pump up the Demand.
So it would only be wise for the SRA to move in for the kill when the market is ripe. The speculators or the real estate boom is good in a way, it has forced the Authorities to move in such a speed as was unheard of before. TOI reports that, the SRA will invite a Global EOI( Expression of Interest) in a little over a month and WORK WILL COMMENCE 90 DAYS AFTER THE EOI is announced. That was one smart move I say, driven by the Market; after speculation is one aspect of the MARKET.
Under the project, 300,000 slum-dwellers will be rehabilitated in 600 eight storey buildings which will house 225 Sq feet tenements.
I hope they have a clause that the original slum-dwellers cannot sell or rent the houses allotted to them otherwise, there is a new Dharavi elsewhere.
Only concern with the clause being: How will people from 10-15 member families cram into 225 sq feet high rise tenements. They won’t be able to lay out Charpoys( Indian rope bed) on the verandahs like they are used to in the slums. I am just being realistic here. The human side must also be given due consideration.
Another nice thing I like, 70 of the 535 Acres of land will be reserved of gardens and parks. We will see some more green amidst the Concretes of Mumbai.
I just hope the project takes off as reported in the paper today.
The timing couldn’t have been more perfect, with real estate prices in Mumbai having shot way past even the speculative prices. The SRA( Slum Rehabilition Authority) chose the timing very well; because the real estate market in market is such that it is very hard to predict whether it will shoot up further, stagnate or if it is bubble ready to burst. It is true that Gods have stopped manufacturing land a long time ago and demands for land do rise exponentially, but then it has happened that with every boom there are speculators who also pump up the Demand.
So it would only be wise for the SRA to move in for the kill when the market is ripe. The speculators or the real estate boom is good in a way, it has forced the Authorities to move in such a speed as was unheard of before. TOI reports that, the SRA will invite a Global EOI( Expression of Interest) in a little over a month and WORK WILL COMMENCE 90 DAYS AFTER THE EOI is announced. That was one smart move I say, driven by the Market; after speculation is one aspect of the MARKET.
Under the project, 300,000 slum-dwellers will be rehabilitated in 600 eight storey buildings which will house 225 Sq feet tenements.
I hope they have a clause that the original slum-dwellers cannot sell or rent the houses allotted to them otherwise, there is a new Dharavi elsewhere.
Only concern with the clause being: How will people from 10-15 member families cram into 225 sq feet high rise tenements. They won’t be able to lay out Charpoys( Indian rope bed) on the verandahs like they are used to in the slums. I am just being realistic here. The human side must also be given due consideration.
Another nice thing I like, 70 of the 535 Acres of land will be reserved of gardens and parks. We will see some more green amidst the Concretes of Mumbai.
I just hope the project takes off as reported in the paper today.
posted at 9:36 AM
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7 Comments:
So what happens to the slum area?
gardens and in bombay!!! u really think that will ever happen??!!??
300,000 slum dwellers. Is that the number of slum dwellers in Dharavi?
I don't know, but i am always skeptical about these projects. A lot of the money is siphoned off and fills-up pockets of a bunch of people. And many a times, the intention itself is not exactly social work.
Unrelated: I visited your Manipur blog. Part of my childhood was spent in Manipur as my dad was posted there. I do not remember anything of course as i was way too young. But my parents have fond memories of Imphal. My dad can even speak the language fluently :)
Thanks for dropping by at my blog :)
@ SS: It will be Redeveloped into 1.5 crore square feet of tenements for the slum dwellers and another 2 square feet crore into commercial real estate that will be sold.
@ Bonatellis: the developers who will bag the bid must develop the gardens and parks as well. Its part of the BID and that is the least they could do. they would make huge profits anyway, the way land is selling in Mumbai.. Unless the boom does a rebound
there could be more, that is the number that have been indentified for rehabilitation. And as i said, the speed with which the SRA seem to be going ahead with the project as stated by the paper this is very markey driven and hopefully it should work out.
I only hope it solves the problem of the urban sprawl.. Dharavi will just move to another place... they will rehabilitate the existig ones, how about the increments?? ther are thousands that pour into the slums of mumbai...
Hey anthony..that's an interesting observation. "They won’t be able to lay out Charpoys( Indian rope bed) on the verandahs like they are used to in the slums". I spent the best years of my life in a house with 8 of us (Grandpa, grandma, 5 mamas and little TCP) sleeping in one room and remember several nights spent outside in the verandah with one mama or the other. While I might have done it for fun, there are enough that do it out of necessity. And what you just observed will squeeze that option out of their lives.
With every major project as this, all the possible angles must be taken into account and the human angle be given due consideration. But then, people worry more about animals than humans this days. ill treatment of animals!!! Not that i hate animals, but with scarce resources, Should there be something called PRIORITY?
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