Adani Group: A Project Developer for Dharavi, Not a Landowner
The Dharavi slum redevelopment project aims to provide housing and commercial spaces, ensuring no displacement of Dharavi residents.
Adani GroupDharaviSlum RedevelopmentHousingCommercial SpacesReal Estate NewsJun 16, 2024
The project aims to provide housing and commercial spaces, ensuring no displacement of Dharavi residents. The Adani Group, which won the project in open international bidding, will build tenements through its joint venture company Dharavi Redevelopment Project Private Ltd (DRPPL) with the Maharashtra government. The tenements will then be handed over to DRP/SRA for allocation to residents of Asia's biggest slums.
Sources have denied allegations of land grab made by MP Varsha Gaikwad, stating that the land remains allocated to DRP/SRA at rates decided by the government. DRPPL has to pay the government as per demand just for the development. The state support agreement, which is part of the tender document, clearly states that the state government will support the project by giving land to its own DRP/SRA department.
The project seeks to improve the quality of life for over one million residents of Dharavi through a human-centric approach. The project includes several additional initiatives, such as sustainable multi-modal transport systems, state-of-the-art infra utilities, and vocational-based skilling for youth and other wage aspirants of Dharavi.
The Dharavi Redevelopment Project is a first-of-its-kind initiative that seeks to transform the locality into a world-class city, creating a sustainable and thriving neighbourhood while preserving its timeless essence.
Frequently Asked Questions
Will the Adani Group own land in the Dharavi redevelopment project?
No, the Adani Group will not own any land in the project. The land parcels will be transferred to the Maharashtra government's departments.
What is the purpose of the Dharavi redevelopment project?
The project aims to provide housing and commercial spaces, ensuring no displacement of Dharavi residents and improving their quality of life.
How will the tenements be allocated to residents?
The tenements will be handed over to DRP/SRA for allocation to residents of Asia's biggest slums, based on survey findings.
What kind of support will the state government provide to the project?
The state government will support the project by giving land to its own DRP/SRA department, as per the state support agreement.
What are the additional initiatives included in the project?
The project includes additional initiatives such as sustainable multi-modal transport systems, state-of-the-art infra utilities, and vocational-based skilling for youth and other wage aspirants of Dharavi.
Related News Articles
Birla Estates and Barmalt Join Forces to Develop Luxury Housing Project in Haryana
Realty major Birla Estates partners with Barmalt India to build a 13-acre luxury housing project in Haryana, offering a unique living experience.
GIC Housing Finance Hit by Malware Attack, Launches Investigation
GIC Housing Finance Ltd announced a cyber security incident involving a malware attack on some of its end-user systems, but assured no operational disruption has been observed so far.
DLF's Rental Arm Sees 11% Boost in Office Rental Income to Rs 942 Crore
DLF's joint venture with GIC, DCCDL, reports an 11% annual increase in office rental income, driven by strong demand for premium workspace.
Goa: Golden Abodes Launches Two Luxury Projects - Anantam Signature and Avisa
Golden Abodes, a renowned real estate developer, has unveiled two premium projects in Goa: Anantam Signature and Avisa. The company aims to redefine the luxury real estate market with these exceptional developments.
Amitabh Bachchan and Abhishek Bachchan Invest Rs 24.95 Crore in Real Estate
Amitabh Bachchan and his son, Abhishek Bachchan, have made significant investments in the real estate market, acquiring properties in Mulund and Andheri West. This article explores their recent property purchases and the implications for the Mumbai real e
Mumbai, Delhi NCR Pioneering ₹7,500 Crore Ultra-Luxury Home Sales in 3 Years
India's luxury real estate market is booming, with Mumbai and Delhi NCR leading the charge in ultra-luxury residential sales, amassing a staggering ₹7,500 crore in just three years.