Dharavi Redevelopment: 80% Pvt Stake & 20% Govt

By Accommodation Times Bureau


The Maharashtra state cabinet on October 16 approved a special purpose company ( SPV) model to give special project status to the Dharavi redevelopment project. In this model, along with 80 % of the main partner’s share, the government will have active participation in the 20 % stock.

With this decision, the implementation of this project, which will be the focal point of development for Mumbai, will be revived, an official said.

“The project will be called for a global tender and the total investment of Rs 22,000 crores is expected to be in this project. This project will be rehabilitated at the same place as the state government has given the status of a special project”, Prakash Mehta, Housing Minister said.

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