Mumbai: Nargis Dutt Nagar, Bandra’s largest slum settlement, is set to transform into an affluent address. The project is expected to generate revenue of Rs 10,000 crore.
Located at Bandra Reclamation, the area will be redeveloped by Roshni Developers in collaboration with Godrej Properties under the state’s Slum Redevelopment Authority (SRA).
Plans are afoot to build 3-4 BHK apartments on this sea-facing land parcel. To be managed by Roshni Developers, the rehab component will cover 5.4 lakh sq ft, accommodating 1,515 slum families. Similarly, Godrej Properties will develop the free-sale component covering around 10 lakh sq ft.
Out of 1,515 tenants, a total of 851 were deemed to be eligible for rehabilitation after completing the necessary due scrutiny and compliances. Roshni Developers have taken the responsibility to facilitate the eligibility process of the remaining tenants after reviewing their applications in adherence with SRA rules.
