Curation Team
MUMBAI: BMC on Thursday invited Expressions of Interest (EOI) from eligible developers to execute slum rehabilitation projects on 26 civic-owned land parcels, under Regulation 33(10) of the Development Control and Promotion Regulations 2034.
BMC’s move comes nearly four months after it had invited EOIs for 64 Slum Rehabilitation Authority (SRA) schemes, covering around 49,000 structures spread across an area of nearly 8.4 lakh sq m, but got inadequate response.
A senior civic official said, “BMC is the planning authority for 64 SRA schemes, of which 17 were kept in abeyance, while EOIs were invited for 47 schemes in May. The civic body received a total of 124 bids for 29 schemes, including single bids for eight schemes. Of these, 93 responsive bids — from 25 companies — were shortlisted for 21 SRA schemes. Fresh bids have now been called for the other 26 schemes.”
Developers will be allowed to construct saleable units over and above the rehab portion and sell them in the open market to recover costs and earn profit, said civic officials. Developers will be responsible for the entire process — from conducting slum surveys and preparing redevelopment plans to securing permissions, constructing both rehabilitation and sale components, and handling post-occupancy maintenance. Only developers with prior experience in slum or housing rehabilitation who meet the required technical and financial criteria will be considered.
The EOI documents will be available on BMC’s website from Sept 15, with the last date for submission set for Sept 30. Technical scrutiny will be completed by Oct 15, followed by the opening of financial bids the next day.
According to a civic document, the responsive bidders for EOIs invited in May include Saroj Landmark Realty LLP, Transcon Developers Pvt Ltd, Sheth Nine Splendor LLP, Labdhi Lifestyle Ltd, Siroya Corp LLP, Bigwish Realty Private Ltd, Samarth Erectors & Developers Pvt Ltd, Desai Residency Pvt Ltd, H Rishabraj Estate Developers Pvt Ltd, Ambit Realtors and Developers Pvt Ltd, Romel Real Estate Pvt Ltd, Ruparel Infra & Realty Pvt Ltd, A R Amboli Developers Pvt Ltd, Sumit Baluwala Joint Venture, Platinumcorp Homebuilders LLP, Sugee Developers Pvt Ltd, Shreeraj Developers LLP, Lakadawala Developers Pvt Ltd, Ratnaraj Builders & Developers, Aishwarya Associates, JP Infra (Mumbai) Pvt Ltd, DGS Township Pvt Ltd, Chandak Realtors Pvt Ltd, and Skylark Buildcon Pvt Ltd.
