Adani Group wins Dharavi redevelopment project rights with Rs.5069 crores bid! 

Adani Group emerged as successful bidder to the Dharavi redevelopment plan earlier this week. The conglomerate, headed by Gautam Adani, quoted Rs 5,069 crore to secure the bid while the DLF group had quoted Rs 2,025 crore.  

The slum clusters of Dharavi, considered to be the largest such site in Asia, are situated close to major commercial complexes in Mumbai such as the Kurla-Bandra and Mahim. As such, it is prime real estate property which makes this an important project of significant commercial value.  

Let’s have a look at how the events eventually unfolded:

There is no doubt that the cultural image of Dharavi will undergo a tremendous shift once the redevelopment project gets underway. At the same time, it remains to be seen whether the project help expand the commercial capability of the local residents or whether it will strike a death blow to the hundreds of local businesses within the soon-to-be revamped slum clusters.