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Around 15 huts were also gutted in the fire, he said.
The blaze erupted around 10.30 am at the slum in Shastri Nagar area, located near the Bandra railway station.
Seven fire tenders were rushed to the spot, the official said, adding that the flames were put out by 1.15 pm.
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Some furniture and electrical wires were also charred,” he said.
The two injured persons were admitted to a nearby hospital where their condition was reported to be stable, the official said.