In October, 2007, Housing Development Infrastructure Ltd (HDIL) signed an agreement with Mumbai International Airport Ltd (MIAL) on a national project for the rehabilitation of about 65,000 slum-dwellers living around Mumbai airport, who were impeding its expansion and posing a huge security risk.
About 275 acres of the airport land is encroached upon by slum-dwellers. As per the agreement, HDIL was to build self-contained tenements for eligible slum-dwellers along with the necessary infrastructure and hand them over free of cost. HDIL was to be compensated through transfer of development rights (TDR) certificates which can be traded in the open market and also by permission to commercially exploit part of the land vacated by slum-dwellers.
Sources in HDIL said, “For the last several months, 12,000 flats in Premier compound in Kurla (West), each measuring 269sqft of carpet area, are ready to be handed over to slum-dwellers.
Our project in this area envisages the construction of 32 buildings, each with 11-storeyed towers with all amenities including modern lifts. Apart from buying land in Kurla, we have purchased land in Bhandup, Andheri and other areas and have also surveyed the hutments. We have spent over Rs4,000 crore in acquiring 90 acres of land from private parties and in constructing thousands of tenements. We are willing to hand over the tenements, but it is for the government to decide who are eligible and who are not.”
27/12/13 S Balakrishnan/Daily News & Analysis
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About 275 acres of the airport land is encroached upon by slum-dwellers. As per the agreement, HDIL was to build self-contained tenements for eligible slum-dwellers along with the necessary infrastructure and hand them over free of cost. HDIL was to be compensated through transfer of development rights (TDR) certificates which can be traded in the open market and also by permission to commercially exploit part of the land vacated by slum-dwellers.
Sources in HDIL said, “For the last several months, 12,000 flats in Premier compound in Kurla (West), each measuring 269sqft of carpet area, are ready to be handed over to slum-dwellers.
Our project in this area envisages the construction of 32 buildings, each with 11-storeyed towers with all amenities including modern lifts. Apart from buying land in Kurla, we have purchased land in Bhandup, Andheri and other areas and have also surveyed the hutments. We have spent over Rs4,000 crore in acquiring 90 acres of land from private parties and in constructing thousands of tenements. We are willing to hand over the tenements, but it is for the government to decide who are eligible and who are not.”
27/12/13 S Balakrishnan/Daily News & Analysis
