Maharashtra to invite fresh bids for Dharavi redevelopment

23 Sep 2022 CW Team

The Maharashtra cabinet has decided to invite fresh bids for the Dharavi Redevelopment Project in Mumbai and offer additional benefits. This decision taken by the cabinet, headed by Chief Minister Eknath Shinde, also entails formation of a special purpose vehicle (SPV) for the major infrastructure project.

This will also include the terms and conditions laid down by the Rail Land Development Authority (RLDA). The concession has been offered looking at the overall slowdown in the market compounded with Covid-19 pandemic, a government statement said. The redevelopment of Dharavi, the biggest slum in Asia, will throw open over 600 acres of prime land, but the project has met with hurdles over the last two decades.

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