Adani's JV takes on Dharavi redevelopment amid legal controversy

22 Sep 2023 CW Team

A spokesperson from the Adani Group has confirmed the establishment of the entity, named Dharavi Redevelopment Project, without providing further details. The redevelopment of Dharavi, home to approximately one million people, has faced protracted delays over the years.

The formation of this joint venture assumes paramount importance, particularly as Adani is currently entangled in an ongoing legal dispute with a rival bidder, Dubai-based SecLink Technologies Corporation. SecLink contends that the Maharashtra state in Mumbai unjustly annulled the initial bidding process in 2018 and reinitiated it to ensure Adani's victory. Both the state and Adani vehemently deny any wrongdoing, insisting that SecLink's claims lack merit.

According to SVR Srinivas, the head of the state-run Dharavi Redevelopment Authority, the state government will appoint the chairman of the new 80:20 Adani Properties-state government joint venture, while the CEO will be selected from Adani's team. The subsequent step will involve the submission of a comprehensive master plan by the Adani Group, encompassing vital aspects such as infrastructure development, rehabilitation efforts, and public amenities.

Dharavi, a sprawling slum that covers an area roughly three-quarters the size of New York's Central Park, gained international recognition through its portrayal in Danny Boyle's Oscar-winning film "Slumdog Millionaire."

In July, the Adani Group secured the Dharavi rebuilding project by submitting a bid of $610 million. However, apart from the legal challenge posed by SecLink, concerns have been raised among Dharavi residents about billionaire Adani's ability to deliver on this ambitious project, especially in light of prominent financial setbacks following allegations of improper dealings made by US short seller Hindenburg in January, allegations which Adani vehemently refutes.

Gautam Adani's real estate division, a prominent Indian billionaire, has established a collaborative venture with Mumbai's Slum Rehabilitation Authority, marking a significant stride in the rejuvenation of Dharavi, one of Asia's largest slums mired in legal disputes. A spokesperson from the Adani Group has confirmed the establishment of the entity, named Dharavi Redevelopment Project, without providing further details. The redevelopment of Dharavi, home to approximately one million people, has faced protracted delays over the years. The formation of this joint venture assumes paramount importance, particularly as Adani is currently entangled in an ongoing legal dispute with a rival bidder, Dubai-based SecLink Technologies Corporation. SecLink contends that the Maharashtra state in Mumbai unjustly annulled the initial bidding process in 2018 and reinitiated it to ensure Adani's victory. Both the state and Adani vehemently deny any wrongdoing, insisting that SecLink's claims lack merit. According to SVR Srinivas, the head of the state-run Dharavi Redevelopment Authority, the state government will appoint the chairman of the new 80:20 Adani Properties-state government joint venture, while the CEO will be selected from Adani's team. The subsequent step will involve the submission of a comprehensive master plan by the Adani Group, encompassing vital aspects such as infrastructure development, rehabilitation efforts, and public amenities. Dharavi, a sprawling slum that covers an area roughly three-quarters the size of New York's Central Park, gained international recognition through its portrayal in Danny Boyle's Oscar-winning film Slumdog Millionaire. In July, the Adani Group secured the Dharavi rebuilding project by submitting a bid of $610 million. However, apart from the legal challenge posed by SecLink, concerns have been raised among Dharavi residents about billionaire Adani's ability to deliver on this ambitious project, especially in light of prominent financial setbacks following allegations of improper dealings made by US short seller Hindenburg in January, allegations which Adani vehemently refutes.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Infrastructure Energy

12 Dec 2025

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Infrastructure Energy

12 Dec 2025

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..