Why nobody wants to revamp Mumbai’s slums
In 2006, the redevelopment of this slum, sprawling across Khar and Santacruz East, was handed over by the Maharashtra government to a joint venture of Shivalik Ventures, Rohan Lifescapes and Unitech Ltd. Sixteen years on, only 5% of the project has been completed. Unitech got mired in the 2G spectrum scam, making it impossible for the venture to raise funds. Another sticky issue is multiple ownership of the land. Once a firing range, Golibar is partly owned by the defence ministry, the BrihanMumbai Municipal…