Adani Group will develop Asia’s largest slum Dharavi

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how much bid

According to the report of The Indian Express, SVR Srinivas, Chief Executive Officer of Dharavi Redevelopment Project has confirmed this. He has informed that the Adani group bid the highest amount of Rs 5,069 crore for the project. It was followed by DLF Group, which bid Rs 2,025 crore.

total three bidders

There were a total of three bidders for the Dharavi redevelopment project. However, only Adani and DLF remained in the race for the final bid as the other bidder, the Naman Group, did not qualify for the technical bid. Srinivas said his office would approach the state government on the next steps and set up a special committee to oversee the project.

will take 17 years

The Maharashtra government aims to complete the slum redevelopment project in 17 years and complete the rehabilitation work in the next seven years. Srinivas said Adani Realty emerged as the winner for the proposed Rs 20,000 crore Dharavi redevelopment project. Spread over 2.8 sq km, this slum area is home to an informal leather and pottery industry that employs over a lakh people.

The state had anticipated that the area would be turned into a cluster of skyscrapers with better urban infra. In this, 68,000 people needed to be resettled, including those living in slums and commercial establishments. In October, the newly formed Maharashtra government headed by Chief Minister Eknath Shinde and Deputy Chief Minister Devendra Fadnavis cleared the way for inviting fresh bids for the project. The then Maha Vikas Aghadi government, led by former chief minister Uddhav Thackeray, had canceled the bid citing issues with railway land acquisition.

Interestingly, in January 2019, the previous BJP-Shiv Sena coalition government led by the then CM Devendra Fadnavis floated a new tender for Dharavi redevelopment, with Adani Realty becoming the second bidder. UAE-based Sicklink became the first bidder. However, the bids were scrapped over various issues.

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