The Brihanmumbai Municipal Corporation (BMC) has received significant interest from prominent developers for its slum rehabilitation initiative, with around 50 builders expressing interest in the redevelopment of 64 slum projects across the city. The initiative, under Regulation 33(10) of DCPR-2034, aims to redevelop slums situated on municipal lands. Developers, including Adani Realty, Wadhwa Group, Rustomjee, Dosti Realty, JSW Realty, DHS Group, Jalaram Developers, Nilyog Developers, Asha Developers, and Chandak Realty have shown keen interest in the project.

At a recent pre-bid meeting, representatives from these developers discussed the 32 conditions set by the BMC for the slum rehabilitation process, including the provisions and incentives being offered for the redevelopment. While the builders were optimistic about the prospects, they raised several concerns, the most pressing being the uncertainty around the number of slum households eligible for rehabilitation. Developers stressed the need for accurate surveys to determine the exact number of residents. They also called for flexibility in land reservations, as existing land reservations sometimes reduce the usable area available for redevelopment.

In response, BMC officials assured that the concerns raised by developers would be thoroughly reviewed, with the possibility of taking suitable steps to address these challenges. The overwhelming interest from top builders has given BMC confidence that the projects can be completed on time. Additionally, the administration hinted that certain policy relaxations could be considered if necessary to ensure the smooth and timely execution of the redevelopment projects.