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

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

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

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 for drivers and conductors.

Government Support and Future Plans

In February 2024, the Maharashtra cabinet approved a proposal to request 283.4 acres of salt pan land from the Centre at the current market value on a 99-year lease for the Dharavi Redevelopment Project. This is an exception to the usual 30-year lease period, highlighting the project’s importance.


The Dharavi Redevelopment Project is moving forward with significant land acquisition efforts to facilitate the transformation of one of Mumbai’s most densely populated areas. The request for 15 acres in BKC from MMRDA marks a critical step in ensuring the project’s progress and success, promising a substantial upgrade in living conditions for Dharavi’s residents.
About the author
Sandeep Sadh

About Sandeep Sadh

Sandeep Sadh has been in the real estate business since 1993 in Mumbai. He has expertise in Buying, Selling, Leasing properties in Mumbai and a deep understanding of legal and tax related matters due to his experience.


Over the years, he has experienced the City's growth. He has been a columnist in the Times of India with numerous articles, which bring about a clear picture of the real estate market in Mumbai. He is a regular on NDTV, CNBC, ET Now Real Estate and Zee News, giving his experienced quotes as and when required.

Sandeep Sadh has used information and technology since the year 1998 and now what people call it Prop Tech to cater to the needs of Home Buyer, Seller, Investor and Corporates, HNI and NRI looking to Buy/Sell or Lease their properties in the Mumbai Property Market.

Sandeep has a holistic experience of real estate be it Leasing an Apartment for your CEO in the most upmarket buildings, to enter into a long lease for your office in Mumbai in prime buildings or an Investment in good projects with a detailed analysis keeping in mind the Demand and Supply and other micro factors of the project/property.

Sandeep Sadh has developed a few websites like www.mumbaipropertyexchange.com, www.realestatemumbai.com, www.propi.in which augment the real estate consulting business.

Right from Investments in Primary Markets to Selling, leasing and specializing for NRI’s all over the world. He is an expert in NRI Home Buying and Selling and has a good understanding of the Income Tax laws pertaining to Selling a Property and Repatriating funds overseas or reinvesting based on Capital Gains etc.


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While transacting in the above segments, he has complete experience and deep understanding of the paper work, his areas of expertise are :

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