The government land required for the redevelopment of the Ramabai Ambedkar Nagar slum project in Ghatkopar is the subject of a premium payment waiver request made by the Mumbai Metropolitan Region Development Authority (MMRDA). This plan has the potential to drastically lower the project’s costs, which could total hundreds of crores; it is presently pending approval from the Cabinet and evaluation by the state administration.
The state government and private parties own different portions of the roughly 331,495 square meter Ramabai Ambedkar Nagar rehabilitation project. Securing around 40,000 square meters of government-owned property is a top priority for MMRDA in order to guarantee the smooth completion of this crucial project. The authority must pay 25% of the ready reckoner rate (RR) for government land, per current legislation.
Around 16,000 people who presently reside in subpar conditions as slum dwellers are to have dwellings provided for them by the redevelopment project. The project aims to raise these inhabitants’ standards of living by providing them with options for contemporary dwelling. Additionally, the project will support the development of infrastructure, such as the Eastern Freeway’s extension from Ghatkopar to Thane, which may reduce traffic and improve connectivity in the area.
To carry out this enormous endeavor, MMRDA is forming a joint venture with the Slum Rehabilitation Authority (SRA). In order for MMRDA to carry out the redevelopment efficiently, one of the SRA’s responsibilities is to survey the region and establish whether it qualifies for relocation.
In conclusion, the MMRDA’s request for a waiver of land charges emphasizes how crucial state funding is for initiatives meant to improve impoverished areas. The government can guarantee the viability of projects like the Ramabai Ambedkar Nagar redevelopment and pave the way for profound improvements in the lives of thousands of Mumbai citizens by easing the financial burdens related to land acquisition.
Source: Prop News Time
