Maharashtra Cabinet approves Rs 400 crore for Balasaheb Thackeray memorial in Mumbai

Raj Thackeray and Uddhav Thackeray at the unveiling of Balasaheb Thackeray`s staute in Colaba | Pic: Bipin Kokate

The Maharashtra Cabinet, on Sunday, approved an amount of Rs 400 crore to convert the Shivaji Park mayor bungalow into a Balasaheb Thackeray memorial.

The Mumbai Coastal Zone Management Authority had earlier approved the inclusion of a fourth building to the memorial premises, reports Times of India.

The conversion will be completed in 2 phases. In phase 1 the buildings will be constructed at an estimated cost of Rs 250 crore and phase 2 will include technological installations like laser show and virtual reality and will cost around Rs 150 crore.

MMRDA will bear the start-up expenditure.