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
$440,150
Average Completion Cost
$12,061
Delivery of Homes
Total Expected
Completed
Basic
88
88
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.

88
Homes Completed
88
Homes Occupied
88
Connected to Water and Sanitation

Client Data

Household Demographic Data
Household Size
7.00
Proportion Female
50.0
Proportion Children
20.0
Proportion Elderly
20.0
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
$ 440,150
Grants
INR 32,666,369
$ 440,150

Based on exchange rate on 30/06/2021

Funds Recouped from Third Parties
Funds Recouped from Third Parties
INR 115,459,613
$ 1,555,714

Want the latest data?

Be notified each time our data is updated by joining our mailing list.

Want to download this data? Click here to access our data explorer.

Sign up to data notifications

Data last updated on 06/08/2021