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News Entry# 534149
Dec 16 2023 (21:34) MMRDA Ventures into Slum Redevelopment for Eastern Freeway Extension and Funding Infrastructure Projects
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Mumbai News: In A First, MMRDA To Take Up Slum Redevelopment Project In Ghatkopar East

The Mumbai Metropolitan Regional Development Authority (MMRDA) is venturing into a slum redevelopment project for the first time. To facilitate the extension of the Eastern Freeway to Thane, MMRDA will redevelop the 75-acre Ramabai Ambedkar Nagar slum in Ghatkopar East. The redevelopment will help MMRDA generate funds for its various infrastructure...
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projects, including the Mumbai Trans Harbour Link (MTHL), which faces a cash crunch. The proposal, prepared by the Slum Redevelopment Authority's CEO, aims to acquire the land without any cost. MMRDA plans to rehabilitate 16,575 slum dwellers and provide 5,000 additional tenements for project-affected people. MMRDA estimates earning ₹1,073 crore from selling residential units, but it could potentially earn ₹2918 crore if it sells the development rights to a private builder. MMRDA is seeking funds for its numerous infrastructure projects, including metro lines and the MTHL, with an estimated cost of ₹75,000 crore. The Authority has appointed SBI Capital Markets to secure loans and has allocated ₹28,705 crore for projects like the MTHL, metro corridors, the Versova-Vasai sea bridge, and underground road stretches in 2023-2024.

MMRDA aapna pehla slum redevelopment project karne ja raha hai. Eastern Freeway ko Thane tak extend karne ke liye, MMRDA Ghatkopar East mein 75 acre ka Ramabai Ambedkar Nagar slum ko redevelop karega. Is redevelopment se MMRDA ko apne infrastructure projects, jaise ki Mumbai Trans Harbour Link (MTHL) ke liye funds...
more...
generate karne mein madad milegi. MTHL ko currently cash crunch ka samna hai. Slum Redevelopment Authority ke CEO dwara taiyaar proposal ka maqsad hai land ko bina koi kharcha kiye acquire karna. MMRDA ka plan hai 16,575 slum dwellers ko rehabilitate karna aur project-affected people ke liye 5,000 additional tenements provide karna. MMRDA ka anuman hai ki woh residential units ko bechkar ₹1,073 crore kamayega, lekin agar woh development rights ko private builder ko bechta hai, toh woh ₹2918 crore kama sakta hai. MMRDA ko apne anek infrastructure projects, jaise ki metro lines aur MTHL ke liye funds ki jaroorat hai, jinka estimated cost ₹75,000 crore hai. Authority ne SBI Capital Markets ko loans secure karne ke liye appoint kiya hai aur 2023-2024 mein MTHL, metro corridors, Versova-Vasai sea bridge aur underground road stretches jaise projects ke liye ₹28,705 crore allocate kiya hai.
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