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Dharavi Redevelopment Project

Dharavi Redevelopment Project:

The Bombay High Court (HC) seeks the Dharavi redevelopment project authority’s reply to Public Interest Litigation (PIL) for removal of Mahim Nature Park from the Dharavi Redevelopment Project.

  • Mahim Nature Park is a protected forest under Indian Forest Act, 1927.
  • Dharavi Redevelopment Project is the makeover of Mumbai’s slum cluster, Dharavi.
  • The project was initially mooted in 2004, but never got off the ground due to various reasons.
  • Recently, the Adani Group won the bid for this project.
  • It entails resettling 68,000 people, including slum dwellers and those with commercial establishments.
  • The rehabilitation construction cost is estimated at 23,000 crore.
  • A special purpose vehicle (SPV) is to be formed, with Adani as the lead partner.
  • Adani will hold 80% equity in the SPV while the state government will hold 20%.
  • The SPV will construct free housing for eligible slum residents, with amenities and infrastructure such as water and power supply, sewage disposal, piped gas, etc.