State to aid coastal slum makeover

Mumbai: The skyline in coastal areas could soon witness a makeover. Over a year after the new coastal regulation norms lifting restrictions on the FSI for redevelopment of slum colonies in coastal stretches, the state government on Monday held deliberations on the model for revamp. 

    There are about 300 slum pockets on the coast between Cuffe Parade and Dahisar. While the CRZ lifted FSI curbs for slum redevelopment in these areas, a condition that the state government will have to partner in the redevelopment and hold a minimum stake of 51% was imposed. 
    On Monday, during a meeting chaired by the CM, the Shivshahi Punarvasan Prakalp, a state government undertaking for slum redevelopment, was named as a special purpose vehicle for the state's role in redevelopment of slums in CRZ areas.