Seclink, the Dubai-based infrastructure company, has bagged the project to redevelop Asia’s largest slum settlement, Dharavi, in Mumbai. On Wednesday, an empowered committee of secretaries, under Chief Secretary Dinesh Kumar Jain, accepted the group’s bid to redevelop the 2.40 sq km sprawl, which sits on a prime land in the heart of Mumbai and is home to over 60,000 families.
On setting up of the SPV, the private firm will have to bring in an equity of Rs 400 crore, while the state government will invest another Rs 100 crore.
