Decks cleared for ₹1,100-cr slum development project
The construction work on the most valuable slum redevelopment projects at Cuffe Parade in south Mumbai involving an investment of ₹1,100 crore has gained momentum with the apex grievance redressal committee under the Slums Act having upheld the initial permissions granted to real estate giant Shapoorji Pallonji's wholly owned subsidiary, Precaution Properties. The project on a 28-acre sprawl south of the World Trade Centre will mark the launch of Mumbai's most valuable slum rehabilitation in recent times. There are over 6,000 hutments and 45,000 slum dwellers estimated to reside in the densely packed slum. The committee was originally appointed under the orders of the Bombay HC to address grievances of slum dwellers and builders against planning authorities such as Slum rehabilitation authority (SRA), Maharashtra Housing and Area Development Authority (MHADA), civic body and MMRDA, it was later brought under the Slum Act, whereby the company claims to have 84% support of the eligible slum-dwellers.
📅Published on:
07 February 2020
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