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Adani Dharavi project profits boosted by rule changes for Dharavi Redevelopment Project

To modify the Development Control Rules (D.C.R.) for the Adani Dharavi Redevelopment Project, the Maharashtra government, headed by Chief Minister Eknath Shinde, is said to have sent a notification.

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Adani Dharavi project profits boosted by rule changes for Dharavi Redevelopment Project

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  1. Adani Dharavi project profits boosted by rule changes for Dharavi Redevelopment Project

  2. A notification from Maharashtra permits the usage of T.D.R. (Transferable Development Rights) without indexation. With this modification, the Adani Group will receive a higher value for the T.D.R. produced by the Adani Dharavi Redevelopment Project (DRP), and all city builders will be forced to purchase DRP alone for the first 40% of their total T.D.R. requirements.

  3. The Adani Dharavi Redevelopment Project’s DCR have undergone modifications • To modify the Development Control Rules (D.C.R.) for the Adani Dharavi Redevelopment Project, the Maharashtra government, headed by Chief Minister EknathShinde, is said to have sent a notification. This would eventually permit the usage of Transfer of Development Rights (T.D.R.) without an indexation. In the future, this might help the Adani Group with the T.D.R. produced by the slum project and oblige all city builders to purchase the first 40% of their necessary T.D.R. from D.R.P. exclusively.

  4. Adani Dharavi Project’s rules change • According to reports, the Adani Dharavi Redevelopment Project’s Development Control Rules (D.C.R.) have been modified by a notification from the Maharashtra government. The Adani Group may profit from the T.D.R. produced by the slum project. The Urban Development Department of Maharashtra proposed the policy’s modifications. According to reports, the project’s D.C.R. is being tweaked by the Maharashtra administration, headed by Chief Minister EknathShinde, to finally permit the use of Transfer of Development Rights (T.D.R.) without an indexation.

  5. Conclusion The project promises improved living conditions for Dharavi residents, including access to proper sanitation, clean water, and reliable electricity. It also offers opportunities for better education, healthcare, and employment. Additionally, the project is expected to create a more vibrant and connected community with access to public spaces, parks, and recreational facilities. For the Adani Group, the project presents an opportunity to develop valuable real estate and expand its business operations.

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