Some people are trying to create controversy regarding TDR production from Dharavi Redevelopment Project

Mumbai, It is unfortunate that some people are attempting to manufacture a controversy around  TDR generation from the Dharavi Redevelopment Project (DRP). We believe this is being  done at the deliberate behest of certain vested interests who hope to derail or, at least  delay, the long-cherished dreams of Dharavi’s people for a better future. The spokesperson of Dharavi Redevelopment Project Pvt. Ltd. (DRPPL) said. (The DRPPL is a SPV between Adani Group and the state government)

Generation of TDR within the Dharavi Notified Area (DNA) was permitted since the  Government Resolution (GR) of 2018. It was further modified in the GR of 2022. Both  these developments happened prior to the issuance of the 2022 tender, which was won  through open and fair competition. In the present, all that the government is doing is  currently notifying this as a due process.  

In fact, the GR issued before the onset of the 2018 tendering process had a provision  for the sale of TDR generated from the DRP across Mumbai. The GR introduced in  September 2022, before the tendering process commenced, introduced two vital  changes. Importantly, these changes were available for due diligence to all the bidders.  Contrary to the claim that these policy changes are going to benefit a single entity, the  final notification from the government has, in fact, capped the minimum usage of TDR  in other projects at 40% instead of 50%, as mentioned in the September 2022 GR.  

Additionally, the government notification of 7 November 2023 also puts a cap on the  pricing of TDR. While there was no restriction earlier on the sale price of the TDR  generated from the DNA, the government has now restricted the maximum sale price  of TDR to be 90% of the ready reckoner rate of receiving plots to avoid any arbitrary  pricing of TDR. To make the TDR process fully transparent, the Municipal Corporation  of Greater Mumbai will develop a portal where TDR generated from the project will be  uploaded and updated in real-time. 

The baseless and malicious allegations of ‘tweaking’ and amendments to suit selected  bidders’ do not do justice to the regulatory transparency of the process. Alleging  favouritism of any kind is a mischievous ploy to muddy the waters and divert attention  from our goal of transformational urban management.