India, June 18 -- The state cabinet on Tuesday gave its assent to three stamp duty waiver proposals collectively worth Rs.264.25 crore. One of these is the Gautam Adani-led Dharavi Redevelopment Project (DRP) while the other two are the Maharashtra National Law University (MNLU) in Goregaon and the Raigad Pen Growth Centre in Pen. The approvals were given despite the opposition of the finance department to two of the three proposals.

The MNLU waiver will cost the exchequer Rs.186.02 crore while the waiver to the Raigad Pen Growth Centre will set it back by Rs.33.25 crore. The DRP plot-a 47.5-acre piece of land at Matunga belonging to the Railways-which is to be leased for 99 years, is valued at Rs.1,000 crore, and would have got the gove...