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Home » GOVERNMENT OF MAHARASTRA HAS APPROVED THE ADANI BID FOR DHARAVI SLUM REDEVELPOMENT PROJECT

GOVERNMENT OF MAHARASTRA HAS APPROVED THE ADANI BID FOR DHARAVI SLUM REDEVELPOMENT PROJECT

by Koushik Gope
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The Government of Maharashtra has approved the Adani Group’s bid to redevelop Dharavi, one of the largest slums in Asia. The project, which is expected to cost around Rs 23,000 crore, will see the construction of 17,420 homes, 1 lakh square meters of commercial space, and 23 schools and hospitals.

The Adani Group was the highest bidder for the project, offering a premium of Rs 1,000 crore over the base price of Rs 1,600 crore. The group has also committed to providing 35% of the homes in the project to slum dwellers at a subsidized rate.

The Dharavi redevelopment project has been in the works for over two decades, but it has been delayed due to a number of factors, including legal challenges and disagreements between the government and the developers. The project is expected to create around 1 lakh jobs during construction and 50,000 jobs once it is completed.

The redevelopment of Dharavi is seen as a major opportunity to improve the lives of the slum dwellers and to transform the area into a modern, sustainable neighborhood. The project is also expected to boost the economy of Mumbai and to attract investment from other parts of the world.

Here are some of the key details of the Dharavi redevelopment project:

  • The project will cover an area of 590 acres.
  • The project will see the construction of 17,420 homes, 1 lakh square meters of commercial space, and 23 schools and hospitals.
  • The project is expected to cost around Rs 23,000 crore.
  • The Adani Group has committed to providing 35% of the homes in the project to slum dwellers at a subsidized rate.
  • The project is expected to create around 1 lakh jobs during construction and 50,000 jobs once it is completed.

The approval of the Adani bid for the Dharavi redevelopment project is a major milestone for the project. It is expected to pave the way for the start of construction in the coming months. The project is seen as a major opportunity to improve the lives of the slum dwellers and to transform the area into a modern, sustainable neighborhood.

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