Boosting one of India’s ambitious urban renewal efforts, Maharashtra transfers 118 acres at Malad’s Mukteshwar to Dharavi Redevelopment Project’s SPV, NMDPL. The Adani-led entity, partnered with the state, gears up for rehab construction targeting ineligible Dharavi families.
Focused on upper-storey residents and specific post-2011 migrants, the plot joins Kurla and Mulund as DRP’s third big land win. Families gain access to planned MMR communities, upholding project mandates.
With DRP/SRA owning the ₹540 crore land and NMDPL holding build rights (post-₹135 crore premium), 118/140 Mukteshwar acres are active; litigation delays the rest.
Total 540 MMR acres, spanning multiple sites including Deonar dumps, aim for 1.25-1.5 lakh homes for 10 lakh souls. Land handover promises quicker builds and seven-year transitions.
This development signals renewed vigor in tackling Dharavi’s challenges, fostering inclusive growth amid Mumbai’s real estate boom.