Stinking profits REAL ESTATE Gayatri Ramanathan / Mumbai February 07, 2006 India's ugliest slum settlement will make way for export units and tourist attractions.
The huge sprawl of Mumbai’s most dubious address, Dharavi, is slated for a facelift. The Maharashtra government’s Slum Redevelopment Authority (SRA) is expected to call for expressions of interest from private developers by the end of this month. .... The slum has been divided into five distinct sectors, each with a mix of residential, commercial and industrial estates, and developers will be expected to bid for an entire sector. So far such large 100-acre sites have been allotted to developers only under the township plan and never under a city redevelopment plan. Says Mukesh Mehta, SRA consultant and the US- trained architect who drew up the masterplan, “To maintain the integrity of the entire plan, it is better to have one developer or a consortium of developers working in one sector. While the same developer can bid for all five sectors, he cannot bid for part of a sector.” cont'd.... http://www.business-standard.com/smartinvestor/storypage.php?leftnm=lmnu6&leftindx=6&lselect=11&chklogin=N&autono=214299 _______________________________________________ in-enaction mailing list http://mail.architexturez.net/mailman/listinfo/in-enaction + Architexturez collaborative at http://portal.architexturez.org/
