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.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Infrastructure Urban

09 Jan 2026

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Infrastructure Urban

09 Jan 2026

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..