Explore Business Standard
In a significant development, the Maharashtra cabinet, presided over by Chief Minister Uddhav Thackeray, on Thursday decided to scrap the tendering process for the ambitious redevelopment of Dharavi -- the slum area situated in heart of Mumbai and Asia's largest -- and invite fresh bids. With this, the earlier process of inviting global tenders in October 2018 for the multi-thousand crore project stands cancelled, as per a decision of a Committee of Secretaries, and the subsequent opinion of the state Advocate General. Since 1972, several projects have been undertaken to transform Dharavi - spread across 2.25 square km and housing nearly 1 million people and thousands of business units. But there is yet no end to the sufferings of the residents with the delay of the renovation project now.