Adani Group wins Dharavi redevelopment project with ₹5,069 crore bid
Home to close to 58,000 families and around 12,000 commercial establishments, Dharavi is one of the most densely populated areas in the world
Adani Group has emerged as the highest bidder for the redevlopment of Dharavi Project. The group has put in a ₹5,069 crore bid for the redevelopment of one of the largest slum sprawls in the world, outbidding DLF, which had quoted ₹2,025 crore, chief executive officer of the project S V R Srinivas said.
"We will now be sending the details to the government, which will consider and give final approval," he told PTI, adding that the Eknath Shinde government will approve it in a couple of weeks. The bid is for the entire ₹20,000-crore project, and the total timeline for the project is seven years to rehabilitate the 6.5 lakh slum dwellers who are spread over 2.5 sq km area right now, he said.
AdaThe Adani Group has emerged as the highest bidder for the 259-hectare Dharavi Redevelopment Project, a top official said on Tuesday.The Adani Group has emerged as the highest bidder for the 259-hectare Dharavi Redevelopment Project, a top official said on Tuesday.Adani Group has won the bid for the redevelopment of Mumbai's Dharavi area, one of the largest slum clusters in Asia.
The Maharashtra government authorities, on November 29, opened the financial bids for the Dharavi redevelopment project.
SVR Srinivas, Chief Executive Office of Dharavi Redevelopment Project said, "We got three bids of which we opened two financial bids of Adani and DLF as Naman Group did not qualify in the technical bidding. The bid by Adani Group was for Rs 5,069 crore and DLF was Rs 2,025 crore. We will now further go with the approval from the state government and also form a special purpose vehicle (SPV) for the redevelopment of Dharavi.”
Three companies namely Adani Realty, DLF and Naman Group had submitted bids for the redevelopment of Dharavi and rehabilitation of slum dwellers. With the selection of the successful bidder, the redevelopment of Dharavi will finally take off now, after multiple failed attempts in the last 15 years.The Adani Group has emerged as the highest bidder for the 25 ..