The request was discussed during a recent meeting between BSE Managing Director and CEO Sundararaman Ramamurthy, Chief Regulatory Officer Kamala Kantharaj, and MMRDA Metropolitan Commissioner Sanjay Mukherjee, where the parties explored the possibility of identifying a suitable land parcel within the business district

The redevelopment of the old Chikhalwadi settlement had remained pending for more than two decades. During this period, as many as 36 developers attempted to undertake the project but were unable to complete it