WHY NOBODY WANTS TO REVAMP MUMBAI'S SLUMS
Mint Mumbai|March 29, 2023
Slum redevelopment has become a risky, tardy and messy affair
Madhurima Nandy
WHY NOBODY WANTS TO REVAMP MUMBAI'S SLUMS

Dinesh Shinde and his friends often meet in the evenings at Golibar Colony, a 130-acre slum cluster in suburban Mumbai. Having lived in 150-200 sq ft tenements all their lives, their conversations inevitably touch on their most pressing problem: how much longer do they have to wait to move into homes in proper buildings. Homes with an address that can help them avail a bank loan, get married or find a betterjob and facilitate admission for their children in good schools.

In 2006, the redevelopment of this slum, sprawling across Khar and Santacruz East, was handed over by the Maharashtra government to a joint venture of Shivalik Ventures, Rohan Lifescapes and Unitech Ltd. Sixteen years on, only 5% of the project has been completed. Unitech got mired in the 2G spectrum scam, making it impossible for the venture to raise funds. Another sticky issue is multiple ownership of the land. Once a firing range, Golibar is partly owned by the defence ministry, the BrihanMumbai Municipal Corporation (BMC), the Maharashtra Housing and Area Development Authority and others. Shinde, for instance, lives in the defence-owned 40-acre part of the slum that has around 9,500 huts.

Golibar typifies the long, complex and messy process that has come to define slum redevelopment in Mumbai. Developers are often embroiled in fraudulent cases. Land ownership is complicated; political and legal interventions are frequent; liquidity issues are perennial; there is little clarity on policy or planning.

Dharavi, which houses a million people, is another textbook case of the problems inherent in such projects. When global tenders were first issued in 2007 for the redevelopment of this 239-hectare settlement in the heart of Mumbai, 101 responses from developers around the world were received. After multiple cancelled tenders, when bids were re-invited in 2016, no one showed up.

Diese Geschichte stammt aus der March 29, 2023-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der March 29, 2023-Ausgabe von Mint Mumbai.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS MINT MUMBAIAlle anzeigen
Mint Mumbai

Quick Edit: The market's green role

The world needs to bend its rising curve of carbon emissions, a goal that's proving elusive. Adding to the challenge, US climate policy is likely to flip back into neglect mode next year.

time-read
1 min  |
November 18, 2024
Growth shouldn't suffer for want of a market fix
Mint Mumbai

Growth shouldn't suffer for want of a market fix

Packaged food companies should drive a food-processing revolution and run a campaign for substitution of fresh-veggie demand. It'll crush price volatility and open up space for rate cuts

time-read
2 Minuten  |
November 18, 2024
Mint Mumbai

We should reform import tariffs to boost Make in India!

Tariff reforms to resolve duty inversions can arrest the 'cost competitiveness leak' of Indian manufacturing

time-read
3 Minuten  |
November 18, 2024
Trying to quantify everything may worsen human decisions
Mint Mumbai

Trying to quantify everything may worsen human decisions

'Quantification fixation' is real—and we should learn to resist it

time-read
3 Minuten  |
November 18, 2024
Hope has sprung anew amid the thick haze hovering over COP-29
Mint Mumbai

Hope has sprung anew amid the thick haze hovering over COP-29

The climate summit has seen rules being ratified for a carbon market, progress on finance and high corporate participation

time-read
3 Minuten  |
November 18, 2024
Trump's return is set to send the world scouting for fresh options
Mint Mumbai

Trump's return is set to send the world scouting for fresh options

His confrontational stand on issues will ruffle feathers and make nations review their alignments

time-read
3 Minuten  |
November 18, 2024
Mint Mumbai

Why national pride has not helped clean up Delhi's air

A sense of shame was expected to get it done. That hasn't worked. Do we lack the will and talent?

time-read
4 Minuten  |
November 18, 2024
Mint Mumbai

SEBI CAN DO MORE TO DISSUADE RETAIL F&O SPECULATION

A recent Securities and Exchange Board of India (Sebi) report highlighted the significant losses individual traders have incurred in the equity futures and options (F&O) segment between FY22 and FY24.

time-read
3 Minuten  |
November 18, 2024
Mint Mumbai

Is filing ITR in old regime still valid?

I am with the Indian Army. Until last year, we received Form 16 under the old tax regime, including allowances such as HRA, travel and uniform.

time-read
1 min  |
November 18, 2024
Avoid common mistakes in NRO, NRE accounts: A guide for NRIs
Mint Mumbai

Avoid common mistakes in NRO, NRE accounts: A guide for NRIs

Tips on using NRE and NRO accounts to effectively manage funds, repatriate money and remain tax-compliant

time-read
5 Minuten  |
November 18, 2024