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flag Maharashtra approves Mumbai slum redevelopment with private partnerships, rehousing, and coastal land release.

flag Maharashtra has approved a new slum cluster redevelopment scheme for Mumbai, targeting areas of at least 50 acres with over 51% slum occupancy, to be led by the Slum Rehabilitation Authority. flag The plan allows private developers and joint ventures to participate, offering incentives like higher floor space index and land value compensation, with acquisition under the LARR Act if needed. flag The initiative aims to rehouse residents, improve infrastructure, and free coastal land for public use. flag Parallel approvals include a wastewater reuse policy, a gem and jewellery investment drive targeting 500,000 jobs, a green transport e-bus depot, and sector-specific subsidies.

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