ASIA'S largest slum, Dharavi, may transform into prime real estate if the Maharashtra Government's project to redevelop it is successful. The Slum Redevelopment Authority (SRA) has come up with an ambitious Rs 6,380-crore plan to give Dharavi a makeover by the year 2010.
Centrally located, Dharavi covers 174 hectares of land. With the development of Bandra-Kurla complex close by, it has become an attractive real estate proposition.
According to the Government's plan, Dharavi will be divided into 10 sectors, which will be developed by private builders. Around 15 per cent of the land will be reserved for open spaces like playgrounds and gardens. Land use plans have been formulated, allocating space for residential, commercial, industrial and recreational use.