Maharashtra Deputy CM Warns Adani Group: Follow State Government's Instructions or Lose Dharavi Contract
Deputy Chief Minister Devendra Fadnavis says the state government has control over the Dharavi redevelopment project and Adani group must follow its instructions.
Dharavi Redevelopment ProjectAdani GroupMaharashtra GovernmentDevendra FadnavisVarsha GaikwadReal Estate MumbaiSep 27, 2024
The warning comes after Mumbai Congress chief and Lok Sabha MP Varsha Gaikwad claimed that 80% of the shares of Dharavi Redevelopment Project Private Limited (DRPPL) were held by the Adani group, while the state government had only 20%.
Fadnavis refuted the allegations, stating that the tender was given to the Adani group because it was the highest bidder. He also clarified that the state government has control over the project and that a principal secretary rank officer will be the chief of DRPPL.
The Deputy Chief Minister also addressed allegations made by Gaikwad that the redevelopment project was the biggest scam in real estate. He stated 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 realize excessive profits through their sale to other real estate developers in the city.
Fadnavis claimed that his government had put a cap on TDR pricing, which cannot exceed 90% of the ready reckoner rates. He also stated that the process has been made transparent through a digital platform where details of the available TDR will be displayed.
The Adani group has been instructed to follow the state government's instructions, and if it fails to do so, the contract will be taken back.
The Dharavi redevelopment project is one of the most ambitious projects in the city, aiming to transform one of the world's densest urban sprawls into a modern and livable space.
The project has been plagued by controversy, with opposition parties alleging that the project is a scam and that the Adani group has been favored unfairly.
However, Fadnavis's statement makes it clear that the state government is committed to ensuring that the project is carried out in a transparent and fair manner.
The fate of the project remains to be seen, but one thing is certain - the state government will not hesitate to take action if the Adani group fails to comply with its instructions.
Information
The Dharavi redevelopment project is a ambitious project aimed at transforming one of the world's densest urban sprawls into a modern and livable space. The project has been plagued by controversy, with opposition parties alleging that the project is a scam and that the Adani group has been favored unfairly.
The Adani group is a Indian multinational conglomerate with interests in real estate, energy, and other sectors. The group has been involved in several high-profile projects in India, including the Dharavi redevelopment project.
Frequently Asked Questions
What is the Dharavi redevelopment project?
The Dharavi redevelopment project is an ambitious project aimed at transforming one of the world's densest urban sprawls into a modern and livable space.
Who is the highest bidder for the Dharavi redevelopment project?
The Adani group is the highest bidder for the Dharavi redevelopment project.
What is the controversy surrounding the Dharavi redevelopment project?
The controversy surrounding the Dharavi redevelopment project is that opposition parties have alleged that the project is a scam and that the Adani group has been favored unfairly.
What is the role of the state government in the Dharavi redevelopment project?
The state government has control over the Dharavi redevelopment project and has instructed the Adani group to follow its instructions.
What will happen if the Adani group fails to comply with the state government's instructions?
If the Adani group fails to comply with the state government's instructions, the contract will be taken back.
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