The SSPP would also raise resources on the strength of its own equity and no government guarantee would be given to it during the financial year 1998-99. It was decided today that open lands owned by MHADA would be used to construct the relocation tenements. Changes in reservation and DC rules wherever required would be ``expeditiously processed through the Cabinet.'' Moreover, in the eastern suburbs, around Ghatkopar area, the government would transfer some land to SSPP.

Immediately after the lengthy meeting, ChiefMinister Manohar Joshi told waiting presspersons that the meeting was ``successful.'' He, however, refused to divulge the details until Sena Supremo Bal Thackeray and BJP leader Pramod Mahajan had approved of them. The other panel members including Housing Minister Suresh Jain, Deputy Chief Minister Gopinath Munde and BJP city unit president Kirit Somaiya were also tight lipped. Deepak Parikh, MD of HDFC was not present as he was reportedly out of station. A beaming Joshi said: ``The decision taken was unanimous and one that will be acceptable to all.'' Jain said that he would ``abide by whatever Joshi said.'' Munde, who termed the meeting as a victory for BJP, said there no longer remained any conflict between the BJP and Sena over the SSPP. ``Everything is sorted out now,'' he said.

The scheme, one of the most ambitious promises made by the Sena in its manifesto, had been embroiled in a war of words between Jain and Somaiya. Somaiya had publicly raised doubts about the scheme's economic viability. It wasonly after Thackeray intervened and set up a committee to study the scheme that order was restored. Today's meeting was followed by a discussion with the board of directors of the proposed SPP company.

Architect Hafeez Contractor and another private builder were present. Contractor, who in his personal capacity has chalked out layouts of slums in all 23 municipal wards and their resettlement, made a brief presentation. He had earlier made a detailed presentation at Centaur Hotel in Thackeray's presence. Contractor has worked out a way whereby slums which have open space would be resettled in buildings built there on that space. ``After handing back an equal amount of area rendered free, the remaining open area will be sold in the open market to cross subsidise the scheme,'' he said.