Current Affairs · Urban Infrastructure & Housing Schemes
Consider the following statements regarding the Mumbai Metropolitan Region Development Authority's (MMRDA) funding approved in May 2025 for Mumbai's slum redevelopment project: 1. Bank of Maharashtra sanctioned a ₹1,500 crore loan with a 15-year tenure for the first phase of redevelopment near the Eastern Express Highway in Ghatkopar. 2. The total project cost is estimated at ₹8,498 crore, funded through 46% institutional finance, 39% internal revenue, and 15% government/other sources. 3. This Slum Rehabilitation Authority (SRA) project will be executed directly under the union Ministry of Housing & Urban Affairs. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 2 and 3
- 2Both 1 and 3
- 3Only 3
- 4Both 1 and 2✓
Correct answer
Both 1 and 2
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