16,000 cheaper new homes in Mumbai
At least 16,000 cheaper homes are likely to come up in central Mumbai.
This is after the redevelopment work of the Bombay Development Department (BDD) chawls began recently. The work was delayed by more than 20 years due to legal issues.
The special project was passed and started by Chief Minister Devendra Fadnavis.The project will cost Rs 16,000 crore and is spread around 100 acres across central Mumbai.
The project offers 500 square feet houses instead of the current 160 square feet houses to the existing residents of the BDD chawls.
In the first phase of the project, chawls in Naigaon and Lower Parel will be redeveloped by companies such as Larsen & Toubro and Shapoorji Pallonji.