HDIL gets approval for slum rehabilitation project in Mumbai

HDIL gets approval for slum rehabilitation project in Mumbai
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First Published: Wed, Feb 17 2010. 11 50 AM IST
Updated: Wed, Feb 17 2010. 11 50 AM IST
Mumbai: Real estate services provider Housing Development & Infrastructure Ltd has received government approval to develop a slum rehabilitation project in Mumbai, a top official told Reuters.
“We have received approval for Santacruz West Rehabilitation Project. It’s 1.2 million of sale area, and 0.7 million of rehabilitation area,” managing director Sarang Wadhawan said.
At an estimated cost of Rs12,000-15,000 per square feet, the value will be around Rs20 billion, he added.
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First Published: Wed, Feb 17 2010. 11 50 AM IST