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Poll push for Dharavi redevelopment project

Cabinet approves formation of a special purpose vehicle and a special project status for its redevelopment; builders to be offered perks

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The decision is important in view of the forthcoming Lok Sabha and Assembly elections, because successive governments had failed to meet the residents' demands

The decision is important in view of the forthcoming Lok Sabha and Assembly elections, because successive governments had failed to meet the residents' demands

The much-delayed Dharavi redevelopment got a big push on Tuesday, with the state cabinet's approval to establish a special purpose vehicle (SPV), and a special project status for it.

The cabinet cleared the plan estimated to cost Rs 20,000 crore. It promises a tenement of the area of 350 square feet each to the project-affected persons. According to be information available, one lakh tenements will be created in seven years.

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