The Maharashtra Housing and Area Development Authority (MHADA) has announced major changes in the bidding document for the Rs 10,000 crore Dharavi redevelopment project. According to the new conditions, the height of building will be G+7 and in some exceptional cases G+10 structures will be allowed.
This was announced by the MHADA officials at the bidders’ conference on Friday.
Many bidders, including some international real estate players, participated in the bidding process, hoping to exploit the state government’s decision to give four FSI (Floor Space Index, which indicates permissible construction on any plot).
The size of each tenement to be given to slum dwellers has also been increased from 225 to 269 sq ft.
The Slum Rehabilitation Authority (SRA), which is the designated nodal agency for the project, has shortlisted 19 consortia comprising three companies each for the technical bid round.
But the technical bids will be called only when the revised parameters are finalised.
MHADA has incorporated mandatory eco-housing norms in the revised document to ensure sustainable development. The other change made by MHADA indicate the state government’s recent emphasis on cluster development approach under which the developers are asked to provide not only for redevelopment of old buildings but also create infrastructure. In this context, the bidders have been provided with the Brihanmumbai Municipal Corporation (BMC) reports on infrastructure like roads, water supply, sewerage and storm water drains.
