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16-Oct-2015 09:51 posted by richboyz4 | Leave a comment

The Canadian Pension Fund will put in money only for the construction," said a person close to one of the developers.

The Britain’s Got Talent 2009 runner-up, 50-year-old Susan’s audition has now been viewed over 80 million times on You Tube.Everyone thought she would be rubbish and she blew them away.She’s now sold millions of albums around the world and is a multi-millionaire.The state government is finalizing a memorandum of understanding (Mo U) with the Canadian government pension fund and two Mumbai developers to build over 3.5 lakh affordable homes here through the Slum Redevelopment Authority (SRA).MUMBAI: The state government is finalizing a memorandum of understanding (Mo U) with the Canadian government pension fund and two Mumbai developers to build over 3.5 lakh affordable homes here through the Slum Redevelopment Authority (SRA).If approved, the two builders, Deserve Group and Radius Group, will be able to exploit prime slum plots from Cuffe Parade to Borivli with the help of the SRA, which will expedite permissions for them.

"The pension fund may invest up to $2billion (Rs 13,600crores) in the project.

We are still fine-tuning some of the clauses before finalizing it," a top government source told TOI on Friday .

The developers, along with the pension fund, are expect to sign a tripartite agreement with the SRA. "The two developers will have to obtain letter of intent (LOI) themselves.

They will not get any preferential treatment for that.

But once they receive LOI, the SRA will put them on the fast track," the sources added.

SRA CEO Aseem Gupta said the state was awaiting confirmation from Canadian government officials. "The government wants to sell homes at a cheap rate of say , Rs 5,000 to Rs 6,000 a sq ft.

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