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

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement