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Dharavi Makeover How Adani Group Plans To Redevelop Asia’s Biggest Slum Cluster

Adani Group emerged as successful bidder to the Dharavi redevelopment plan earlier this week. The conglomerate, headed by Gautam Adani, quoted Rs 5,069 crore to secure the bid while the DLF group had quoted Rs 2,025 crore.

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Dharavi Makeover How Adani Group Plans To Redevelop Asia’s Biggest Slum Cluster

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  1. Dharavi Makeover: How Adani Group Plans To Redevelop Asia’s Biggest Slum Cluster Adani Group emerged as successful bidder to the Dharavi redevelopment plan earlier this week. The conglomerate, headed by Gautam Adani, quoted Rs 5,069 crore to secure the bid while the DLF group had quoted Rs 2,025 crore.

  2. The slum clusters of Dharavi, considered to be the largest such site in Asia, are situated close to major commercial complexes in Mumbai such as the Kurla-Bandra and Mahim. The slum clusters of Dharavi, considered to be the largest such site in Asia, are situated close to major commercial complexes in Mumbai such as the Kurla-Bandra and Mahim.

  3. Past Plans And Present Project This is the not the first time that a tender to redevelop Dharavi was floated. The project has been in the pipeline of the Maharashtra state government for over two decades since the idea was first suggested by architect Mukesh Mehta in 1997.

  4. It was in 2018 that the BJP-Shiv Sena government in Maharashtra notified the formation of a Special Purpose Vehicle (SPV) for redeveloping Dharavi. Global tenders were invited and the winning bidder was expected to have an 80 per cent stake in the SPV while the remaining 20 per cent would be with the state government.

  5. People’s Prospects While many are worried about the future of the thriving informal sector and wide variety of local businesses, some have also expressed concern about the loss of the diverse culture in Dharavi, once the project is completed.

  6. Attachments Original Link :-https://www.outlookindia.com/business/dharavi-makeover-how-adani-group-plans-to-redevelop-asia-s-biggest-slum-cluster-news-241547 Source:- https://adani-group.com/dharavi-makeover-how-adani-group-plans-to-redevelop-asias-biggest-slum-cluster/

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