"Cabinet approved the allocation of 21.16 acres of land to TCS at Visakhapatnam IT Hill Number 3 for setting up an IT campus to generate 12,000 jobs," according to a release.
Other corporation-owned shops and complexes in areas such as DB Road, Patel Road, and Ram Nagar face similar challenges, with many remaining shuttered.
KHB, which successfully developed layouts in Yelwal, Hootagally, and Kenchalagudu in Mysuru, has now initiated this project in view of the demand for its sites and housing quarters in the district.
Under the GR, all upper-floor tenement holders in Dharavi as of Nov 15, 2022, are eligible for 300 sqft homes outside Dharavi but within Mumbai Metropolitan Region (MMR), through a hire-purchase model.
According to the report, rental growth in India’s national capital Delhi registered an uptick of 8.2 per cent, while financial capital Mumbai saw rental growth of 6.7 per cent.