Current Affairs · Agreements and MoUs
Regarding the Mumbai Metropolitan Region Development Authority's (MMRDA) major funding milestone achieved in May 2025 for slum redevelopment, consider the following statements: 1. MMRDA secured a ₹1,500 crore loan from the Bank of Maharashtra for the redevelopment of slum areas like Ramabai Ambedkar Nagar in Ghatkopar. 2. The total cost of this slum redevelopment project is estimated at ₹8,498 crore, with around 46% of the funding planned to come from institutional financing. Which of the statements given above is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 1
- 2Only 2
- 3Both 1 and 2✓
- 4Neither 1 nor 2
Correct answer
Both 1 and 2
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