Minister of State for Housing Ravindra Waikar made this announcement in both the Houses of the State Legislature.
An empowered committee comprising secretaries of Public Works Department, Housing, Revenue, Urban Development, Law and Judiciary, Brihanmumbai Municipal Corporation (BMC) Commissioner and MHADA officials will supervise the implementation of the redevelopment project, he said.
"The state cabinet at its meeting yesterday approved the proposal for creation of separate Development Control Rule (DCR) for the redevelopment project. It will initially cover BDD chawls at Worli and Naigaon," Waikar said.
The minister said that the approved proposal includes redevelopment of shops, stalls and places of worship.
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The profit sharing ratio in the redevelopment of the BDD chawls between government and MHADA will be 70 and 30 respectively, he said.
However, the All BDD Chawl Tenants Association, led by Dr Raju Waghmare that met Chief Minister Devendra Fadnavis, informed him of opposition to the proposed redevelopment, arguing that MHADA's "legacy" has been one of corruption and poor quality of construction.
"The association demanded creation of a separate board headed by Chief Minister comprising experts from the construction industry and representatives of the tenants associations," he said.
He said the agencies selected by the association could provide the same and better benefits to the government than what the MHADA can give to the tenants.