+
Adani Properties awarded the Dharavi redevelopment project
Real Estate

Adani Properties awarded the Dharavi redevelopment project

With an initial investment of Rs 50.69 billion, the Adani Group has won the bid to redevelop Dharavi, one of the world's largest slum clusters.

Adani Group won the bid with a bid of Rs 5,069 crore, DLF Group submitted a bid of Rs 2,025 crore, and Naman Group's bid was not opened due to technical reasons.

Adani Group's bid is only for the initial investment in the Rs 200 billion project, and the company will be required to form a special purpose vehicle under the bid criteria (SPV). Following that, 20 per cent of the initial investment must be submitted before signing the development agreement, with an additional 20 per cent due upon submission of an integrated master plan.

The Maharashtra government is attempting to build Asia's largest slum cluster for the fourth time in the last 18 years, which will house close to 58,000 families and 12,000 commercial establishments. The redevelopment plan is an integrated residential, commercial, and industrial development approach with a floor space index of more than 4.

With an initial investment of Rs 50.69 billion, the Adani Group has won the bid to redevelop Dharavi, one of the world's largest slum clusters. Adani Group won the bid with a bid of Rs 5,069 crore, DLF Group submitted a bid of Rs 2,025 crore, and Naman Group's bid was not opened due to technical reasons. Adani Group's bid is only for the initial investment in the Rs 200 billion project, and the company will be required to form a special purpose vehicle under the bid criteria (SPV). Following that, 20 per cent of the initial investment must be submitted before signing the development agreement, with an additional 20 per cent due upon submission of an integrated master plan. The Maharashtra government is attempting to build Asia's largest slum cluster for the fourth time in the last 18 years, which will house close to 58,000 families and 12,000 commercial establishments. The redevelopment plan is an integrated residential, commercial, and industrial development approach with a floor space index of more than 4.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code