By Accommodation Times News Services
Bombay High Court has ordered to invite a fresh bid for redevelopment of Mahalaxmi’s Dhobi Ghat, the court announced this decision on Friday, 20th June, so as to overlay the revamp one of the oldest area of the city. HC also told the Slum Rehabilitation Authority (SRA) to cancel the current redevelopment contract awarded to Lokhandwala Infrastructures, many years ago.
The officials from SRA, said, “The court has dismissed the petition and has directed the state government to invite fresh bids for the project. The court has also asked SRA to refund the premium that Lokhandwala Infrastructures had paid and cancel the letter of intent.”
The court gave an eight-week stay for the order to be challenged further. The century-old Dhobi Ghat is spread over 28,000 sqm, and is a stone’s throw from Mahalaxmi station and race course. The land, valued by real estate experts at Rs 900-1,000 crore, is one of the largest plots available for development in the land-starved island city.
The redevelopment project, which has been in the pipeline for nearly a decade, has been under litigation due to stiff resistance from various factions of the population who are either opposed to the choice of developer or allege that their consent was forged. The revamp will see the metamorphosis of the 1,500-odd slums that have come up in the drying areas into 20-storey plus high-rises, while the heritage washing area will remain untouched.