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FINAL BIDDING FOR DHARAVI PROJECT BEGINS

dharavi-2The much awaited bidding for the Dharavi Redevelopment project has started where the government has issued documents to 19 short-listed consortia of realty firms. After evaluating 26 applicants on various criteria including annual turn up of the companies, 19 consortia of realty firms were shortlisted which included Dubai-based Limitless, DFL, Indiabulls and others. The final phase of the bidding has started where the government has issued documents to the companies. Added to that a survey of all the households in the Central Mumbai slums is also underway. Seeking to transform the slum into a developed township which will have schools, institutes, hospitals etc, the project will allow winning bidders to sell 133 sq ft of built up space for every 100 sq ft used to rehabitate around 57000 families in the slum and eligible for free homes.

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