Report Wire - Maharashtra authorities to ask recent bids for Dharavi redevelopment challenge 

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Maharashtra authorities to ask recent bids for Dharavi redevelopment challenge 

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Maharashtra government to invite fresh bids for Dharavi redevelopment project 

By PTI

MUMBAI: The Maharashtra cabinet on Wednesday determined to ask recent bids for the Dharavi Redevelopment challenge and provide further advantages for the challenge, a press release mentioned.

This resolution taken by the cabinet headed by Chief Minister Eknath Shinde for the Dharavi Redevelopment challenge additionally entails the formation of a Special Purpose Vehicle (SPV) for one of many main infrastructure initiatives within the metropolis.

This can even embrace the phrases and situations laid down by the Rail Land Development Authority, it mentioned.

The assertion mentioned the concession has been supplied to have a look at the general slowdown available in the market compounded with COVID-19 pandemic.

The redevelopment of Dharavi, one of many largest slums in Asia, throws open over 600 acres of prime land, however the challenge has met with hurdles during the last twenty years.

MUMBAI: The Maharashtra cabinet on Wednesday determined to ask recent bids for the Dharavi Redevelopment challenge and provide further advantages for the challenge, a press release mentioned.

This resolution taken by the cabinet headed by Chief Minister Eknath Shinde for the Dharavi Redevelopment challenge additionally entails the formation of a Special Purpose Vehicle (SPV) for one of many main infrastructure initiatives within the metropolis.

This can even embrace the phrases and situations laid down by the Rail Land Development Authority, it mentioned.

The assertion mentioned the concession has been supplied to have a look at the general slowdown available in the market compounded with COVID-19 pandemic.

The redevelopment of Dharavi, one of many largest slums in Asia, throws open over 600 acres of prime land, however the challenge has met with hurdles during the last twenty years.