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The Board also gives in-principle nod to develop unutilised land parcels with potential to create about 3.5 msq of residential and commercial property and generate revenue of about Rs 15,000 crore in the next few years ....
According to the decision taken at a meeting held on Tuesday, the BDMC will receive about Rs 4,675 crore from the Buyer in Phase-I and the balance amount of Rs 525 crore will be received on the completion of certain conditions by BDMC and execution of agreements for Phase-II. ....