November 18th 2023.
The spokesperson for the Dharavi Redevelopment Project Pvt. Ltd, a collaboration between the Adani Group and the Maharashtra government, has accused "vested interests" of attempting to disrupt or delay the Dharavi Redevelopment Project. This initiative has been the long-cherished dream of the people of Dharavi, and the spokesperson alleges that some parties are trying to manufacture controversy around Transferable Development Rights (TDR) generation from the project.
The policy background of TDR generation within the Dharavi Notified Area has been permitted since the Government Resolution (GR) of 2018, and was further modified in the GR of 2022. These developments occurred before the issuance of the 2022 tender, which the Adanis won. The spokesperson emphasizes that the state government is merely following due process by notifying these changes.
The GR issued before the 2018 tendering process included a provision for selling TDR generated from the project across Mumbai. The GR introduced in September of 2022, before the tendering process, made two significant changes. These changes were available for due diligence to all bidders, so as to ensure fairness and transparency.
Contrary to claims favoring a single entity, the final government notification capped the minimum usage of TDR in other projects at 40%. This is lower than the 50% mentioned in the September of 2022 GR. Additionally, the government's November 7, 2023 notification imposed a cap on the pricing of TDR, restricting the maximum sale price to 90% of the ready reckoner rate of receiving plots. This was done to prevent arbitrary pricing and enhance transparency.
To further ensure transparency, the BMC will develop a portal where TDR generated from the Dharavi project will be uploaded and updated in real-time. This will ensure that the TDR process is not only transparent but also open to the public. The spokesperson's remarks aim to address concerns and clarify the project's adherence to regulations and fairness in TDR management.
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