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Government to take over stalled city redevelopment projects
Chief Minister Eknath Shinde stated on Monday that the state government will take over stalled and abandoned redevelopment projects in Mumbai and carry them out with the assistance of financially robust government agencies.
Shinde was speaking after launching the first phase of Thane's cluster redevelopment initiative, which he said was the largest reconstruction project ever carried out in Asia.
There are several projects in Mumbai that have been stalled for years, including ones that developers abandoned because they had no interest in carrying them out. According to Shinde, our government has chosen to take over such projects with the aid of funding-rich organisations like the BMC, MMRDA, Mhada, MSRDC, and Cidco, among others.
He continued by saying that those who would regain access to their homes and those who have been ejected from Mumbai's city limits and sent to distant suburbs will both profit greatly from this.
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