Description
Mumbai just got one of its biggest slum redevelopment deals yet.
A Reliance-led group has won the bid for the Juhu Lane-Gilbert Hill slum cluster in Andheri West. The group includes Mahada Realtors Juhu, Outbit JSW Realty, and Shapoorji Pallonji.
The site spans 101 acres around Gilbert Hill, a 6-million-year-old rock formation. Right now it has over 13,000 slum tenements, plus schools, markets, a hospital, and government offices.
Once redeveloped, the project is expected to give over 28,000 rehabilitation homes to eligible residents. The developer will also pay transit rent to residents while the work is going on.
This is one of the largest projects to move forward under Maharashtra's slum cluster redevelopment policy. Worth keeping an eye on.
#MumbaiRealEstate #SlumRedevelopment #AndheriWest #RealEstateNews #Reliance #GilbertHill #RealtyNXT
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