Mumbai, June 11 -- A consortium led by Reliance 4IR Realty Development Limited which is a subsidiary of the Mukesh Ambani-led Reliance Industries Ltd (RIL) has emerged as the highest bidder for the cluster redevelopment of the 101-acre Juhu slum corridor, according to official sources.
"The tender attracted participation from three leading corporate groups. Following a transparent and competitive bidding process, a consortium led by Reliance 4IR Realty Development Ltd, which is a subsidiary of Reliance Industries, emerged as the successful bidder," Slum Rehabilitation Authority (SRA) CEO Mahindra Kalyankar said.
Reliance 4IR Realty Development Limited made the highest bid in a consortium with Mahadev Realtors Juhu Pvt Ltd, which is a subs...