The Mumbai High Court has upheld the tender award to Adani Properties Pvt Ltd for the redevelopment of Dharavi slums, clearing the path for this major urban transformation project. The ₹5,069-crore deal is set to bring significant changes to one of the la
Dharavi RedevelopmentAdani GroupMumbai HcUrban TransformationSlum DevelopmentReal Estate MumbaiDec 20, 2024
The Dharavi Redevelopment Project (DRP) is an initiative aimed at transforming Dharavi, one of the largest slums in Asia, into a modern, sustainable, and livable community. The project includes the construction of new residential buildings, commercial spaces, and public facilities, benefiting over 300,000 residents.
Adani Properties Pvt Ltd, a subsidiary of the Adani Group, has been awarded the tender for the Dharavi Redevelopment Project after emerging as the highest bidder with a bid of ₹5,069 crore.
The Mumbai High Court (HC) upheld the tender award to Adani Properties Pvt Ltd, clearing the legal hurdles and allowing the project to proceed. The HC's decision came after a legal challenge by a local NGO which raised concerns about the tender process.
The main features of the Dharavi Redevelopment Project include the construction of high-rise buildings with modern amenities, green spaces, community centers, and commercial areas. The project also aims to support small-scale industries and informal markets, ensuring economic activities continue to thrive.
The project aims to improve living conditions by providing better housing, infrastructure, and amenities. It also aims to offer better educational and job opportunities, ensuring the social and economic empowerment of the residents. Community participation and engagement are emphasized to address local concerns.
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