Mumbai-based Housing Development & Infrastructure (HDIL) received a letter of intent (LoI) from Mumbai International Airport for resettlement and rehabilitation of Chhatrapati Shivaji International Airport slums, spread over an area of 276 acres.

The eligibility criteria for selection was laid down in consultation with the Mumbai Metropolitan Region Development Authority (MMRDA), the project implementing agency.

The rehabilitation requirement is about 200 acres, of which HDIL will be offered a portion to resettle about 80,000 slum households and the rest will come from the government and other agencies.

Instead, of the total 2,000 acres of Mumbai airport land, 10 per cent (200 acres) has been allotted to MIAL for commercial development, and HDIL will get part of it as transferable development right. As part of the agreement, the developer will not get any financial compensation from MIAL.

The slum rehabilitation process will be undertaken in a phased manner between 18 and 48 months.

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