BoM lends ₹1,500 cr to MMRDA for slum redevelopment
The Mumbai Metropolitan Region Development Authority (MMRDA) has obtained a significant financial boost for its inaugural slum redevelopment project in Mumbai’s Ghatkopar, securing a ₹1,500 crore loan from the Bank of Maharashtra (BoM). This loan marks the first major financial closure for MMRDA’s ambitious ₹8,498 crore Slum Rehabilitation Authority (SRA) project, which will initially focus…
