Finally, redevelopment of one of the oldest markets in Mumbai -- Bhendi Bazaar -- has started. Saifee Burhani Upliftment Trust (SBUT), the implementing agency for the Rs 4,000 crore Bhendi Bazaar redevelopment project in south Mumbai, started construction work from Wednesday after getting the Commencement Certificate from the relevant authorities. 

Sources said that there will be two skyscrapers that will be built in the area. The SBUT had earlier demolished 12 buildings that were in poor condition.