Mumbai: New Commercial Tower Proposed for Mulund Salt Pans
MUMBAI: Navbharat Mega Developers Private Limited has submitted a proposal for the transformation of the salt pans in Mulund, Bhandup, and Kanjurmarg to the Dharavi Redevelopment Authority. This company is the special purpose vehicle responsible for executing the Rs 20,000-crore Dharavi Redevelopment Project (DRP), with the Adani Group holding an 80 percent stake; the firm was previously known as Dharavi Redevelopment Project Private Limited. The proposal outlines the construction of one commercial building and 18 residential towers (all 180 metres high) on the Mulund salt pan, along with a yet-to-be-determined number of towers for Dharavi residents who qualify for rehabilitation.…