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This article is more than 2 year old.

Dharavi Redevelopment Project gets only one bidder, govt to extend bidding deadline: report

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With only one developer coming forward to rebuild Asia's largest slum, the state government has extended the bidding deadline for Rs 22,000-crore Dharavi Redevelopment Project (DRP) to January 8 from earlier December 28, Mumbai Mirror reported citing a senior DRP official.

Dharavi Redevelopment Project gets only one bidder, govt to extend bidding deadline: report
With only one developer coming forward to rebuild Asia's largest slum, the state government has extended the bidding deadline for Rs 22,000-crore Dharavi Redevelopment Project (DRP) to January 8 from earlier December 28, Mumbai Mirror reported citing a senior DRP official.
The Maharashtra government, in 2016, made an attempt to float tenders with the plan to divide the 200 acre slum into 12-sub clusters and develop it in a phased manner. The plan was, however, scrapped and the cabinet took the decision to redevelop it as a whole, the report added.
According to the new plan, over 70,000 flats will be constructed in an 80-acre area to accommodate about 55,000 families, the report said, adding that a special purpose vehicle was set up with private parties as lead partners and DRP as minority partner with 20 percent stake.
Conjured up first in 2003, Asia’s largest slum redevelopment project had been on every political party’s agenda and will be the last time the Devendra Fadnavis government will attempt to make a go for it before the Assembly elections later this year, the Mirror reported.
 
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