Mumbai: A fresh tender will be floated for redevelopment of the Dharavi slums, spread over 600 acres of once marshy land that is now prime real estate in central Mumbai.
The Maharashtra Cabinet, chaired by Chief Minister Eknath Shinde, on Wednesday also approved the provision of additional incentives for the redevelopment.
Putting the Dharavi redevelopment project, which has been hanging fire for more than two decades now, on the fast track was one of the early promises made by the Shinde-Fadnavis administration after taking over in July.
Successive governments have offered a slew of sops, including incentives such as stamp duty concession, GST refund, relaxation or waiver in property tax, and fungible FSI premium.
In addition, the Shinde-Fadnavis government proposes to provide concessions in the payment of premium to make the project viable and financially implementable.
