The Richest and poorest sights of Mumbai

Must Read

Telghani Board will be formed in Chhattisgarh

Raipur: Chhattisgarh Chief Minister Bhupesh Baghel has announced that the Telghani Board will be formed in the state to...

Wet lands to be recognised and developed in chhattisgarh

Raipur: Forest and Environment Minister Mohammad Akabar has instructed to identify wet lands in state. He said to prepare...

Separate budget for children in Chhattisgarh

Raipur: The state government has planned to brought child budget for the first time. The chief minister Bhupesh Baghel...

Chhattisgarh again wins number one position in power generation for the sixth time

The Chhattisgarh Power Generation Company has once again topped by beating the power plants across the country. The company's...

जाने उस शख्स के बारे में जिसने मुकेश अंबानी को लगा दिया चूना

मुकेश अम्बानी देश के सबसे प्रभावशाली उद्योगपति हैं लेकिन सोचिए उन्हें ही कोई साधारण व्यक्ति चूना लगा दे तो..?एक...

Corona Update

Total confirmed cases
Updated on January 19, 2021 2:10 am

Mumbai is the bridge that connect the mountains of wealth to the trenches of poverty. It is 12th richest city globally and also has Dharavi – The biggest slum in Asia.

Rich Mumbai: 12th Richest in the World

Mumbai is 12th wealthiest city in the world. It has an accumulated wealth of $ 950 billions. Mumbai is the financial center of India and the home of Bollywood. Mumbai, also features among the top 10 cities in terms of billionaire population. The city is home to 28 billionaires, individuals with USD 1 billion or more in net assets.

Mumbai is also home to the Bombay Stock Exchange (BSE), the 12th largest stock exchange in the world. The most populous city in India is expected to be the fastest growing city (in terms of wealth growth over the next 10 years).

Poor Mumbai: Dharavi-Biggest slum of Asia

Dharavi is considered one of the largest slums in Asia. Dharavi has an area of just over 2.1 square kilometres (0.81 sq mi; 520 acres) and a population of about 700,000. With a population density of over 277,136/km2 (717,780/sq mi), it is one of the densest areas in the world. 

The government knows that this superlative is not what they want Mumbai to be associated with. Due to this, they are inviting tenders for transforming the slums. 

The minimum stipulated bid amount for the redevelopment of the slum has been set at Rs 3,150 crore. The whopping sum of money is justified as the slum is spread over 593 acres in the heart of India’s commercial capital

The selected lead partner shall form a special purpose vehicle (SPV) with its own contribution of 80% equity worth Rs 400 crore, while the government of Maharashtra will infuse Rs 100 crore to hold 20% equity in this entity. 

The tenders will be available between November 28 and December 28, which is also the last date for submission of the bids.

The idea of redevelopment of Dharavi comes with a lot of benefits. This would not only transform the image of Mumbai, but also generate revenues through integrated planned townships. For this, it has notified entire Dharavi as a notified area and appointed Slum Rehabilitation Authority as a special planning body.

The state government has been looking to redevelop this slum for long as this would be a major game change the political landscape for years to come. Finally, after one and a half decades of deliberations, and three failed attempts to develop Dharavi, now they are on the right track.   

To get more such updates delivered first to you, like our Facebook Page. Also dont forget to follow us onTwitter, Instagram and Google News. To send guest post or press release, mail us at editor.newbuzzindia@gmail.com

Connect on Social Media

37,289फैंसलाइक करें
1,100फॉलोवरफॉलो करें
11,454फॉलोवरफॉलो करें
760फॉलोवरफॉलो करें
15सब्सक्राइबर्ससब्सक्राइब करें

Editor's Pick

मध्यप्रदेश के पुलिसकर्मियों को मिली यह नई सौगात

मध्यप्रदेश(Madhya Pradesh) सरकार प्रदेश के पुलिसकर्मियों(Police) को नई सौगात देने जा रही है। प्रदेश सरकार पुलिसकर्मियों को साप्ताहिक...

Trending News