Milan Nagar

  • Status: Complete
  • People Housed: 616
  • Country: India
  • City: Mumbai
  • Partner: SSNS
  • Year Approved: 2001
Total Invested
INR 32,666,369
Average Completion Cost
INR 575,000
Total Invested
Average Completion Cost
Delivery of Homes
Total Financed
Project Overview

This SSNS project rehabilitated pavement dwellers living in the Byculla area of Mumbai. In 1996, state policy was changed to include pavement dwellers within resettlement entitlement lists. Land was allocated by state authorities for the Byculla pavement dwellers to develop housing.

The project involved the building of an apartment block providing 88 homes. It was funded by Reall, as well as through the sale of Transferrable Development Rights. TDR is an Indian governmental scheme that enables developers to get valuable development rights from building slum-replacement housing. TDR rights allowed SSNS to densify sites, either through adding additional buildings or additional floors. To date, SSNS has received over INR 60m (USD 0.8m) in TDR payments from this project. Proving how this model is an effective method of providing affordable homes has resulted in this approach being adopted by other developers in the sector.

Homes Completed
Homes Occupied
Connected to Water and Sanitation

Client Data

Household Demographic Data
Household Size
Proportion Female
Proportion Children
Proportion Elderly
Housing Information
Description Type Number Expected Number Completed Completion Cost
(Local Currency)
n/a Basic 88 88 575000

Project Finances

Displayed In

Investments — Reall to Affordable Housing Partners

Total Project Investments
INR 32,666,369
$ 436,461
INR 32,666,369
$ 436,461

Based on exchange rate on 31/10/2021

Funds Recouped from Third Parties
Funds Recouped from Third Parties
INR 115,459,613
$ 1,542,676

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Data last updated on 30/06/2022