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Shivshahi Punarvasan Prakalp Ltd. (SSPL), a group working on slum rehabilitation, plans to give INR 500 crore to MMRDA. This money will be used for rental payments for the Ramabai Ambedkar Nagar redevelopment project in Ghatkopar. An official spokesperson from MMRDA said SSPL has saved this money over the years, to help with the project and to facilitate the smooth execution of the slum redevelopment initiative.
The rental payments cover three years, although the exact rental amounts for individual households are still pending. In collaboration with the Slum Rehabilitation Authority (SRA), MMRDA is leading the Ramabai Ambedkar redevelopment project to extend the Eastern Freeway to Thane. Currently, the Eastern Freeway starts at PD Mello Road in South Mumbai and ends at Chedda Nagar in Ghatkopar.
The Ramabai slum rehabilitation will clear space for extending the freeway. The slum covers 33.15 hectares and houses 16,575 people. SRA conducts surveys, compiles lists of eligible tenants, and organizes site evacuations. Meanwhile, MMRDA manages the rehabilitation by building new structures and extending the Eastern Freeway to Thane. The project's estimated cost is around INR 3,200 crore.
As Mumbai continues to evolve as a global metropolis, initiatives such as the Ramabai Ambedkar Nagar redevelopment project represent crucial steps towards sustainable urban development, highlighting the city's commitment to inclusivity and equitable growth. MMRDA and SRA, through proactive interventions and collaborative efforts, are ready to catalyze transformative change, shaping Mumbai's urban landscape for generations to come.
Established in 1998, Shivshahi Punarvasan Prakalp Limited has been engaging in real estate and renting for 26 years as a state government company. It addresses the challenges posed by Mumbai's growing slum population, which hampers city development and transit systems. Previous government schemes had limited success due to market conditions. In 1995, a scheme offered an incentive floor space index (FSI) to developers for building free tenements. However, the 1996 property market crash stalled progress. SPPL was formed to expedite slum rehabilitation efforts and ensure swift implementation.
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