The decision to charge Rs 2.5 lakh as construction cost will not burden slum dwellers as they will now receive assistance from the Pradhan Mantri Awas Yojana scheme. It is expected to benefit over 1 million families residing in slums, say officials. The move comes ahead of the civic, Lok Sabha and state elections next year.
The Maharashtra government has decided against allotting any new projects to these real estate developers.
Hundreds of slumdwellers who have been rehabilitated since 1995 have sold their apartments for a fat sum and moved into new slums.
November 15 was the last date for submission of bids; names of bidding companies expected to be known on November 16 when the bids will be opened.
More than 500 slum rehabilitation projects funded by several financial institutions are stuck in Mumbai.
Slum formation and protection is nothing short of demographic tinkering on the one hand, and buying votes on the other
The Maharashtra government is mulling the introduction of a regulation, to take over incomplete housing projects of SRA (Slum Rehabilitation Authority) and handing them over to other agencies through tenders. “After taking over such R
Sarang Wadhawan, vice-chairman and managing director of HDIL says the overall sentiment among investors has improved. He adds that volumes of residential projects is seeing improvement.
According to ACB's Assistant Police Commissioner Rajesh Bagalkote, the complainant owned a commercial space at the Motilal Nehru Nagar in suburban Bandra.
Omkar Realtors has worked out a business model around usually shunned slum redevelopment projects-one based on trust