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Dharavi Redevelopment To Finally Take Off, At Over 3X Cost

The ambitious Dharavi Slum Redevelopment project looks like it is poised to take off as the pre-bid talks for the work have received excellent response. The project will now be undertaken at an estimated cost of Rs 23000 crore against the earlier Rs 7200 crore after it has been languishing for a long time due to political, administrative and global financial reasons. Mired in delays due to a variety of reasons, most notably the Covid-19 pandemic, the project was brought back on rails by the Shinde-Fadnavis government as soon as it assumed power. Launching the project will be crucial in view of the election to the Brihanmumbai Municipal Corporation, expected to take place later this year. The responding firms include several international undertakings. While eight firms have shown an interest in actual development, about a dozen are desirous to involve as consultants, according to Mumbai Metropolitan Region Development Authority. The foreign firms are from Dubai and South Korea. The Dharavi redevelopment project, originally envisaged over a quarter century ago, was revised in 2004. It aims at resettling about 68000 families and a large number of commercial establishments already existing. The response to the pre-bid discussions has been heartening and the real picture will emerge after October 31 when actual quotations for redevelopment and for consultation are received.