Maharashtra Requests Bids For The Project To Reconstruct Dharavi By issuing international tenders, the Maharashtra government has launched the huge Dharavi redevelopment project in Mumbai. The State has announced several relaxations to attract bidders for the 260-acre project, which aims to restore almost 55,000 families. What will the redevelopment involve, though? What effect will it have on the city's real estate market? Find out by reading on!
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The Dharavi rehabilitation project, a massive programme for Mumbai, has been put out to international bids, according to Devendra Fadnavis, the state's deputy chief minister. The state government has completed all necessary approvals. The State is hopeful that the tendering process would be finished by the end of 2022, which would be the earliest possible time to begin the redevelopment of one of Asia's largest slum clusters. It is anticipated that the project will take around seven years to complete. On October 11, 2022, the State will host a pre-bid meeting. On October 29, 2022, bids must be submitted.
What is the procedure for bidding?