Maha may scrap bidding process for Dharavi redevelopment
The state government is considering scrapping the bidding process for Dharavi redevelopment project due to issues related to inclusion of 45 acres of railway land in the project. The bids for redevelopment of the Dharavi slum, spread over 600 acres of Mumbai, were opened on February 18 and the UAE-based Selin Technology Corporation has emerged as a front runner. It agreed to invest Rs 7,500 crore in the project. The Adani Enterprises, a competitor, had quoted Rs 4,529 crore. However, the Memorandum of Understanding (MoU) between the Railways and state government was signed on February 25. Considering this fact, the state government has decided to call advocate general’s opinion whether railway land constitutes extra benefit to preferred bidder.
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