The Mumbai Metropolitan Region Development Authority (MMRDA) will auction vacant plots from the Ramabai Ambedkar Nagar slum redevelopment project to generate revenue. Following the rehabilitation of slum dwellers, the remaining land will be leased to MMRDA by the Slum Rehabilitation Authority (SRA) and auctioned to private developers. These developers will be allowed to construct and sell residential and commercial spaces.
A Joint Venture Agreement between MMRDA and SRA was signed on February 27, 2024, outlining that MMRDA will act as the developer for the rehabilitation component while the SRA will serve as the planning authority. The project also covers the Kamraj Nagar slum cluster.
Under MMRDA’s master plan, the redevelopment spans 31.83 hectares, with Phase-I covering 6.95 hectares and comprising 5,623 tenements.
MMRDA To Auction Vacant Plots From Ramabai Ambedkar Nagar Slum Redevelopment Project For Private Development
In total, 17,000 housing units are planned, with 30 rehabilitation buildings proposed. Each structure will include basements for parking and services, a commercial ground/stilt floor, and 22 residential floors. The buildings will rise to 70 meters, with each unit offering 300 sq. ft. of carpet area and eight lifts per building.
The project includes amenities as per DCPR 2034 Clause 33(10), such as an Anganwadi, health centre, fitness centre, community hall, Yuva Kendra, library, and society office.
To ease the transition, MMRDA has already begun disbursing two years’ rent compensation to the remaining 1,694 slum dwellers, with 3,631 cheques earlier distribute.
Estimated at Rs 8,498 crore, the redevelopment will be partially funded by institutional loans, with Rs 3,916 crore to be raised—starting with a tranche from the Bank of Maharashtra. The project also complements ongoing infrastructure initiatives like the Eastern Freeway extension to enhance connectivity between Mumbai and Thane.
Estimated at Rs 8,498 crore, the redevelopment will be partially funded by institutional loans, with Rs 3,916 crore to be raised—starting with a tranche from the Bank of Maharashtra. The project also complements ongoing infrastructure initiatives like the Eastern Freeway extension to enhance connectivity between Mumbai and Thane.
