Maharashtra CM Approves Dharavi Redevelopment Master Plan

By Sandeep Sadh
June 02, 2025

The Maharashtra government has approved the Dharavi redevelopment master plan, a significant step towards transforming one of Asia’s largest slums into a modern urban hub. The approval comes after a detailed presentation on the redevelopment project that aims to preserve Dharavi's commercial identity while ensuring the rehabilitation of its residents.

The redevelopment plan prioritises an environmentally sustainable approach, with a focus on integrating the commercial sector. It also ensures that all original residents are provided with homes under the project, offering a fair and transparent process for housing allocation, although specific criteria will be applied to different groups of residents.

As part of the first phase, slum rehabilitation buildings will be constructed on a 28-acre land parcel, where each eligible household will be offered a 350 sq ft home with two toilets, addressing the issue of inadequate sanitation facilities in the area.

To encourage developers, the government has waived all premiums and offered a reimbursement of the state’s share of GST for five years. In addition, the government has mandated the use of Dharavi Transfer Development Rights (TDR) for all redevelopment projects in the city, which could impact property prices across Mumbai.

However, the approval has not been without controversy. Concerns have been raised over the completion of the survey, the lack of public scrutiny, and the potential displacement of residents. Critics argue that the plan is being pushed through without adequate consultation and a finalised survey, questioning the legitimacy of the process.

Despite the opposition, the government is moving forward with the plan, aiming to revitalize Dharavi and improve the living conditions for its residents while transforming the area into a more sustainable and commercially viable space.

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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.

Summary

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.

Builders jack up rates with market handle - The Indian Express
REALTY PLUS ORGANIZES THREE OF ITS FLAGSHIP EVENTS AT HOTEL TAJ SANTACRUZ MUMBAI - Exchange 4 Media/Realty Plus
Need'nt hurry yet to buy that new flat - The Indian Express
More luxury homes than city needs - The Indian Express
Don't wait to buy a home; prices won't drop - Rediff
Make real estate deals more transparent - Money Control
Real estate market could recover by Diwali - The Economic Times
Energy-efficient buildings increase return on your realty investment - The Economic Times
Should you buy property in a religious location? - The Economic Times
Are you paying a higher maintenance bill for housing society? - The Economic Times
Developers Are Rolling Out Offers. Homebuyers, Read The Fine Print Carefully - Bloomberg/Quint
Hot property destinations of 2007 - Rediff
Piramal's big bet - Business Today
Are you buying a 'safe' house? - Magicbricks

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.

Experience

Residential Leasing
Commercial Leasing
Residential Home Buying
Commercial Property Buying
Investment Properties with complete Property Management as your Real Estate Family office

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

Drafting of the Leave and License Agreements
MOU for Buying/Selling Properties
Drafting Agreement for Sale
Gift Deeds
Computing of Capital Gains with current ready reckoner values
Drafting of Supporting Power of Attorney.

As an add on Service, Sandeep Sadh has tied up with various Professionals like Lawyers and Chartered Accountants who add value in transacting and specially services for Non Resident Indians.

Application to Income Tax for Lower Tax Deduction Certificate – Through a qualified CA and keeping a grip on the traction so that the remittance back to Non Resident Indians after Selling the property is seamlessly transferred.

You can connect with Sandeep Sadh on ssadh@mumbaipropertyexchange.com

LinkedIn - https://www.linkedin.com/in/sandeepsadhmpe/

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Maharashtra CM Approves Dharavi Redevelopment Master Plan