Updated On: 07 October, 2024 11:58 PM IST | Mumbai | mid-day online correspondent
According to the Development Control Rules (DCR) 2034, BMC is due to get 25% of land premium based on the Ready Reckoner Rate (RRR) and 70% of the net premium for Dharavi redevelopment project, says Aaditya Thackeray

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In a letter to the Brihanmumbai Municipal Corporation (BMC), Shiv Sena (UBT) leader Aaditya Thackeray raised the question over giving up Rs 5,000-crore net premium amount to Dharavi Redevelopment Project Pvt Ltd (DRPPL). mid-day reached out to the BMC chief over Thackeray's allegations, but he did not respond to the message.
Thackeray posted a copy of the letter addressed to the municipal commissioner Bhushan Gagrani on social media platform X. In the letter, he stated that as per records, it is clear that 70% of the land in the Dharavi Redevelopment Project is owned by BMC. According to the Development Control Rules (DCR) 2034, BMC is due to get 25% of land premium based on the Ready Reckoner Rate (RRR) and 70% of the net premium for this project. On the basis of some basic calculations, the total amount that BMC must get from the Dharavi Redevelopment Project Pvt Ltd in lieu of land premium and net premium is approximately Rs 5,000 crore.