Maharashtra Deputy CM Warns Adani Group: Follow State Government's Instructions or Face Contract Termination
Maharashtra Deputy Chief Minister Devendra Fadnavis has warned the Adani group that the state government will terminate their contract for the Dharavi redevelopment project if they fail to follow instructions.
Dharavi RedevelopmentAdani GroupDevendra FadnavisMaharashtra GovernmentReal EstateReal Estate MumbaiSep 27, 2024
Speaking at the India Today conclave, Fadnavis refuted allegations of the opposition parties on the project and asserted that the tender was given to the Adani group as it was the highest bidder.
Mumbai Congress chief and Lok Sabha MP Varsha Gaikwad had claimed that 80% of shares of Dharavi Redevelopment Project Private Limited (DRPPL) were held by the Adani group, while the state government had the remaining 20%. Gaikwad also alleged that the redevelopment project was real estate's biggest scam.
Fadnavis said that the Dharavi redevelopment plan is under the state government's control and that a principal secretary rank officer will be the chief of DRP. He added that the company (DRPPL) cannot start work unless the development control rules are approved by the state Urban Development Department.
The Adani group will have to do whatever the government wants, and if they do not comply, the contract will be taken back, Fadnavis warned.
The opposition parties are either not studying the issue properly or are more interested in politicising it, Fadnavis said. He alleged that the previous Uddhav Thackeray-led MVA government failed to cap Transferable Development Rights (TDR), which would have granted the redeveloping entity in Dharavi unrestricted authority to stockpile these rights and realise excessive profits.
It was our government that put a cap on TDR pricing, Fadnavis said. The cap cannot exceed 90% of the ready reckoner rates, and we also provided a facility called a digital platform where details of the available TDR will be displayed. We have made the process transparent, he asserted.
Adani Group is an Indian multinational conglomerate headquartered in Ahmedabad, Gujarat. The group was founded by Gautam Adani in 1988 and has since grown to become one of the largest business groups in India, with interests in ports, logistics, energy, and real estate, among others.
The Dharavi redevelopment project is a ambitious plan to transform one of the world's densest urban sprawls into a modern and sustainable neighborhood. The project involves the redevelopment of 2,400 acres of land and is expected to provide housing for over 50,000 families.
The project has been mired in controversy, with opposition parties alleging that the Adani group has been given undue favors by the state government. However, Fadnavis has maintained that the tender was given to the Adani group as it was the highest bidder.
The project is expected to be completed in phases over the next several years. The state government has promised that the project will provide affordable housing to the residents of Dharavi, as well as create jobs and stimulate economic growth in the area.
Frequently Asked Questions
What is the Dharavi redevelopment project?
The Dharavi redevelopment project is a ambitious plan to transform one of the world's densest urban sprawls into a modern and sustainable neighborhood.
Who is the contractor for the Dharavi redevelopment project?
The Adani group is the contractor for the Dharavi redevelopment project.
What is the controversy surrounding the Dharavi redevelopment project?
The opposition parties have alleged that the Adani group has been given undue favors by the state government.
What is the expected completion date for the Dharavi redevelopment project?
The project is expected to be completed in phases over the next several years.
What are the benefits of the Dharavi redevelopment project?
The project is expected to provide affordable housing to the residents of Dharavi, as well as create jobs and stimulate economic growth in the area.
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