Business Daily from THE HINDU group of publications Friday, Jun 01, 2007 ePaper |
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Industry & Economy
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Urban Development States - Maharashtra Dharavi redevelopment proposal takes off Our Bureau
Mumbai May 31 Dharavi Redevelopment Project has finally kicked off with Maharashtra Government seeking global expression of interest from developers. The project will create four crore sq ft of commercial space and three crore sq ft of residential space. It will take Rs 10,000 crore and seven years to complete the project. A total of 535 acres would be developed in five sectors. Developers cannot have more than one sector but can bid for all the five sectors. The project will have a maximum floor space index (FSI) of 4. Private lands in the project will have a FSI of 1.3, Municipal and Government land 3.1 FSI and slum houses will have 4 FSI. Talking to the media on Thursday, Mr I.S. Chahal, Officer on Special Duty for the project, said that there is a ban on using the Transfer and Development Rights outside the project area. The TDR can only be exchanged between the sectors. Of the total land, 65 per cent would be used for the rehabilitation of the eligible residents. About 35 acres would be allocated for parks and gardens, 36 acres for school and about six acres for medial facilities, he said.
Industrial Units
Dharavi has 4,500 industrial units primarily engaged in leather works, footwear, gems and jewellery and pottery business. Some of the units undertake environmentally hazardous business like recycling and leather tanning. Mr Chahal said that rehabilitating the industrial units is challenging and the State Government has evolved a special policy for the units. Under the policy the units will get 225 sq ft, free and rest of the area would be sold to the units at the construction cost. More than 80 per cent of the units have an average area of less than 300 sq mt, he said. Mr Chahal also pointed out that units carrying out hazardous businesses will have to shut down or switch to non-hazardous ones. They will also get the same rehabilitation package as other units. But hazardous business cannot run in the redeveloped Dharavi, he said.
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