Mumbai : The Brihanmumbai Municipal Corporation (BMC) has finalized developers for 15 out of 21 stalled slum rehabilitation schemes built on municipal land, bringing new hope to thousands of slum dwellers waiting for homes.

The civic body announced that developers offering at least 25 percent more than the land value would be selected, while some developers have offered premiums as high as 150 percent. For the remaining six schemes, the BMC plans to hold discussions with the top two bidders before finalizing the developer.

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Out of the 228 stalled slum schemes across Mumbai, 78 were taken over by the BMC for redevelopment. The civic body had earlier invited letters of interest from developers for 63 of these projects and finally decided to implement 47 of them. A total of 96 d

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