Shobha Developers to bid for slum redevelopment projects in Mumbai

Shobha Developers Ltd, the Bangalore based real estate developer, is planning to bid for the slum redevelopment projects in Mumbai. Shobha is will tie up with local partners to bid for projects under the Slum Rehabilitation Authority (SRA) scheme. Partnership with an existing developer is necessary to bid for projects under SRA scheme. As per the Slum Rehabilitation Authority (SRA) scheme a developer must have successfully completed housing township development project covering at least 4, 00,000 Sq m and with a minimum built up area of 70 lakh sq ft.