Latest news with #NMDPL
NDTV
6 days ago
- Business
- NDTV
Symbiosis' 4-Month Intensive Programme To Upskill Dharavi Graduates
Symbiosis Open Education Society has entered into a non-commercial partnership with the skill and empowerment team of the SPV executing the Dharavi Redevelopment Project - Navbharat Mega Developers Private Limited (NMDPL). The Symbiosis Skills and Professional University (SSPU) has launched a four-month intensive upskilling programme for all graduate and postgraduate students in Dharavi. The curriculum spans across high-demand sectors such as BFSI (Banking, Financial Services, Insurance), retail, logistics, healthcare, consulting and manufacturing, offering certification-based training in roles like financial analyst, business analyst, HR executive and logistics coordinator. The MoU was signed between Symbiosis and NMDPL in May this year. The programme's strong industry integration sets it apart. From guest lectures and live case studies to resume-building workshops and mock interviews, participants undergo a holistic learning experience designed with direct corporate input. "Our partnership with NMDPL marks a significant step towards empowering the people of Dharavi. By equipping them with industry-relevant skills, we aim to open new pathways for career advancement and economic self-reliance," said Rajesh Khanna, director of business operations, Symbiosis. Two batches of the Financial Analyst course are presently underway at NMDPL's Dharavi Resource Centre, with a total of 46 students enrolled. Notably, over 60% of participants are women, reflecting a conscious effort to promote female participation and inclusivity. Participants have reported significant learning gains. "I have gained valuable insights into regression analysis, time value of money and future value calculations. It is all starting to feel real now," shared Ayaan Siddique, a trainee from Dharavi. Others like Sayli Ghokshe and Diya Wadekar expressed enthusiasm about sessions on insurance and presentation skills - foundational elements for a career in financial services. Symbiosis brings to the table not only a cutting-edge curriculum but also physical infrastructure, including learning labs and access to experienced trainers. One such expert is presently conducting sessions in Dharavi, with placement support also being extended through the university's extensive industry network. NMDPL, for its part, is playing a crucial role in ground-level execution, providing operational and infrastructure support via its Dharavi Resource Centre. "This isn't just a one-off program. It is part of a broader vision under the Symbiosis's GCC Employability & Skilling Program (GESP), which aims to help candidates from areas like Dharavi secure roles in top-tier MNCs' Global Capability Centres," said an NMDPL spokesperson. Its plans include expanding the programme to include Global Banking and Business Analyst tracks, with a keen focus on sustained outcomes. Monitoring and evaluation will be driven by defined KPIs - 85% course completion, 70% placement within three months, 75% attendance and at least 60% female participation. With its blend of academic excellence, corporate relevance and community outreach, the Symbiosis-NMDPL partnership stands as a model for inclusive, outcome-driven skilling in India's urban heartlands.
Time of India
24-06-2025
- Business
- Time of India
First list of Dharavi eligible slum households released
Mumbai: The first list of slum households (annexure-II) eligible for housing has been released by the Dharavi Redevelopment Project (DRP). The list for 505 structures of Meghwadi and Ganesh Nagar, slums on the railway land at Mahim, was uploaded on the agency's website on Monday. Tired of too many ads? go ad free now Those eligible for free housing in Dharavi will get a 350sq ft tenement, and those post-2000 will get a 300sq ft tenement outside Dharavi, either on the salt pan lands in the eastern suburbs, the Kurla Dairy land, or at Aksa in Malad. DRP, a govt agency, is part of the Navbharat Mega Developers Pvt Ltd (NMDPL), the special purpose vehicle executing the Dharavi slum redevelopment project. Its CEO is the chairman of NMDPL. The DRP/SRA, which is in charge of the survey of slum structures and determining eligibility, has numbered over one lakh structures, and over 80,000 slum households have submitted documents for verification. Sources said the two slums are in sector 6 of the Dharavi Notified Area, and it is the first draft annexure-II that has been released by DRP. The occupants are eligible for housing in various categories. Out of the 505 tenements surveyed here, 101 are pre-2000 structures, and the occupants are eligible for in-situ rehabilitation with free housing. Another 56 tenements will be deemed eligible for in-situ rehabilitation after they pay Rs 40,000 as a transfer fee for ownership. These occupants purchased the pre-2000 slum structure from the previous occupants. Occupants of 13 tenements settled in Dharavi post-January 1, 2000, and prior to January 1, 2011. They will be eligible for subsidised housing outside Dharavi on payment of Rs 2.5 lakh. Another 59 tenements are eligible for the affordable rental housing scheme outside Dharavi. Tired of too many ads? go ad free now These include the upper floor tenements constructed up to November 15, 2022, and ground floor tenements built between January 1, 2011, and November 15, 2022. Besides these, occupants of 238 tenements have not submitted all the requisite documents to establish their eligibility for housing under the various schemes. Sources said if the households failed to make the submission by July 5, they would not make it to the final annexure-II list. Activist Raju Korde, founder-member of Dharavi Bachao Andolan, said that from the list it is clear that nearly 75% of the residents will be relocated outside Dharavi. "The govt's agenda to throw Dharavikars out of Dharavi is exposed with this list," he said. S V R Srinivas, CEO of DRP and chairman of NMDPL, said the agency is trying to speed up the process, though verification from different agencies is pending.
Indian Express
17-06-2025
- Business
- Indian Express
Maharashtra Cabinet approves stamp duty concessions for Dharavi Redevelopment project
The Maharashtra Cabinet on Monday approved stamp duty concessions for lease and sublease agreements signed by the Dharavi Redevelopment project's Special Purpose Vehicle (SPV) for the Dharavi Redevelopment Project (DRP) and related agencies. The DRP is being executed by Navbharat Mega Developers Pvt Ltd (NMDPL) — a joint venture between Adani Properties Pvt Ltd (80%) and the state-run Slum Rehabilitation Authority (SRA) (20%). NMDPL is the lead implementation agency for the integrated redevelopment of Dharavi, one of Asia's largest informal settlements. The government had previously declared the Dharavi redevelopment as both an Essential Urban Infrastructure Project and a Special Project. As per existing state policy, such projects are eligible for waiver or reduction in stamp duty to ensure smoother and more cost-effective execution, the state government said in a statement. In line with this policy, a proposal was placed before the Cabinet to grant stamp duty concessions on sub-lease agreements between the Rail Land Development Authority (RLDA) — which owns a key portion of land in Dharavi — and either the Dharavi SPV (NMDPL) or the SRA. It was also proposed that these categories of lease documents be formally included under the state's stamp duty concession policy. The Cabinet has now approved this inclusion. The RLDA is contributing approximately 45 acres of land to the redevelopment. As per the tender conditions, the SPV is required to pay at least ₹2,800 crore to the RLDA for this land. A senior government official said the stamp duty relief will lower transaction costs, streamline legal processes, and accelerate the start of construction work. 'This is a crucial step that removes a major hurdle and brings the project closer to execution,' the official said. In another decision pertaining to stamp duty waiver, the Cabinet also approved a 50% concession in stamp duty for the proposed joint venture between MMRDA and Raigad Pen Growth Centre Ltd. The concession applies to the land required for the integrated township project in Pen taluka, Raigad district. The project, spread across 1,217.71 acres, will be developed under the Integrated Township Policy and managed by a Special Purpose Vehicle (SPV). Designed as a global-standard, public-private partnership model, the township is expected to include fintech hubs, educational and healthcare institutions, affordable housing, commercial spaces, and entertainment zones. Officials expect the initiative to create significant employment opportunities and attract substantial foreign investment. In a separate decision, the Cabinet also approved a complete waiver of stamp duty on land being transferred to Maharashtra National Law University (MNLU), Mumbai. The university has been allotted 141,640.40 square meters in Pahadi, Goregaon (West), for the development of its permanent campus
Time of India
11-06-2025
- Business
- Time of India
About 10,000 flats in Mahim to be ready in three years: Dharavi project CEO
MUMBAI : Construction of 10,000 rehab flats in up to 30-storey buildings is being undertaken under phase 1 of Dharavi redevelopment project (DRP) on railway land in Mahim and will be ready in the next three years, said project CEO SVR Srinivas . The 47.5-acre railway land is part of Dharavi notified area. DRP has physical possession of 28 acres, on which construction for railway quarters is also underway. "Residents closest to the railway land (those in sector 1) will be first shifted to the new 350sqft flats," said Srinivas. The redevelopment, though, will not be carried out sector-wise. Dharavi notified area has been split into five sectors. On completion, phase 1 will free up 60-70 acres in Dharavi notified area, which will pave the way for further redevelopment, said Srinivas. "Our attempt is to minimise transit and after phase 1, work will be sped up," he said. Simultaneous construction of rental housing will be undertaken at Kurla dairy land and salt pan land at Mulund for those ineligible for free housing in Dharavi notified area. While DRP has obtained physical possession of 21.5 acres of Kurla dairy land and 58.1 acres of Jamasp salt pan land at Mulund, the 140 acres earmarked at Aksa in Malad West is a large parcel that could accommodate many ineligible Dharavi residents in rental housing, said Srinivas. This land is yet to be handed over to DRP. On the Deonar dumping ground, whose 124 acres are to be used for the project, Srinivas said it would take at least three to four years to get partial possession of the land after scientific closure of the dump and procurement of all environmental clearances. Defending the incentives offered by govt for the redevelopment scheme, Srinivas said the project isn't just about construction of rehab buildings but also providing housing to all and not letting residents go to another slum. "In no other slum scheme is everyone provided with a home. Besides, the entire civic infrastructure will be laid by the special purpose vehicle (NMDPL) and paid for by it. Dharavi today has no sewers and everything is discharged directly into Mithi river that discharges into the sea, which brings it all back. Dharavi needs a sewer network, a water supply network." He said Dharavi's redevelopment will serve as a model on how to deal with slums, and make Mumbai a slum-free city. "In 1985, the late PM Rajiv Gandhi gave Rs 100 crore to redevelop Dharavi and then in 2004, there were efforts to redevelop the slum. In 2015-16, the tender notice was extended five times but there was no response. In the initial years redevelopment is highly capital intensive. In the special purpose vehicle, govt has 20% equity and has so far invested only Rs 100 crore. We could have had 26% equity and veto power but govt cannot be in the driver's seat and hence this via media," he said.
Time of India
11-06-2025
- Business
- Time of India
10k flats in Mahim to be ready in 3 yrs: Dharavi project CEO
Mumbai: Construction of 10,000 rehab flats in up to 30-storey buildings is being undertaken under phase 1 of Dharavi redevelopment project (DRP) on railway land in Mahim and will be ready in the next three years, said project CEO SVR Srinivas. The 47.5-acre railway land is part of Dharavi notified area. DRP has physical possession of 28 acres, on which construction for railway quarters is also underway. "Residents closest to the railway land (those in sector 1) will be first shifted to the new 350sqft flats," said Srinivas. The redevelopment, though, will not be carried out sector-wise. Dharavi notified area has been split into five sectors. On completion, phase 1 will free up 60-70 acres in Dharavi notified area, which will pave the way for further redevelopment, said Srinivas. "Our attempt is to minimise transit and after phase 1, work will be sped up," he said. Simultaneous construction of rental housing will be undertaken at Kurla dairy land and salt pan land at Mulund for those ineligible for free housing in Dharavi notified area. While DRP has obtained physical possession of 21.5 acres of Kurla dairy land and 58.1 acres of Jamasp salt pan land at Mulund, the 140 acres earmarked at Aksa in Malad West is a large parcel that could accommodate many ineligible Dharavi residents in rental housing, said Srinivas. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Зачем поджигать лавровый перед сном? Undo This land is yet to be handed over to DRP. On the Deonar dumping ground, whose 124 acres are to be used for the project, Srinivas said it would take at least three to four years to get partial possession of the land after scientific closure of the dump and procurement of all environmental clearances. Defending the incentives offered by govt for the redevelopment scheme, Srinivas said the project isn't just about construction of rehab buildings but also providing housing to all and not letting residents go to another slum. "In no other slum scheme is everyone provided with a home. Besides, the entire civic infrastructure will be laid by the special purpose vehicle (NMDPL) and paid for by it. Dharavi today has no sewers and everything is discharged directly into Mithi river that discharges into the sea, which brings it all back. Dharavi needs a sewer network, a water supply network." He said Dharavi's redevelopment will serve as a model on how to deal with slums, and make Mumbai a slum-free city. "In 1985, the late PM Rajiv Gandhi gave Rs 100 crore to redevelop Dharavi and then in 2004, there were efforts to redevelop the slum. In 2015-16, the tender notice was extended five times but there was no response. In the initial years redevelopment is highly capital intensive. In the special purpose vehicle, govt has 20% equity and has so far invested only Rs 100 crore. We could have had 26% equity and veto power but govt cannot be in the driver's seat and hence this via media," he said.
