World's largest redevelopment project, Dharavi will see Dubai-based builders bidding for it.
World's largest redevelopment project, Dharavi will see Dubai-based builders bidding for it.
Starting today, bidders will make presentations for the Rs 15,000-crore project, the Asian Age reported today.
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The first two bidders that will submit their presentations are D B Realty and Emmar-MGF along with India Bulls Realty, apart from Emmar-MGF, Dubai-based Limitless, Lehman Brothers and others foreign names.
Earlier, 19 bidders were in the run, however four dropped out. It has been speculated that recession is the reason behind their decision.
Also, the financial bids that are suppose to take place after the presentations are done will be delayed because of the elections. Possibilities are that the financial bids will be called only after the election result are declared.
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