Can Dharavi get a makeover?
Real Estate

Can Dharavi get a makeover?

Three companies, Adani Realty, DLF and Naman Group, have submitted bids for the over Rs 200 billion Dharavi redevelopment and rehabilitation project, which may finally take off after several failed attempts over the last 15 years or so. Dharavi, in Mumbai, is one of Asia's biggest slum clusters.

Governments in Maharashtra have made at least four abortive attempts to get the project up and running in the last decade and a half, floating bids for the redevelopment.

On October 1, the Maharashtra government floated a global tender for the redevelopment and rehabilitation of Dharavi after a failed attempt in 2019. Three companies have evinced interest in the project. After evaluation of the technical and financial eligibility of the bidders, one of the three companies will be shortlisted for the project by December 31.

While the authorities maintain that the redevelopment of Dharavi will change the face of Central Mumbai, slum dwellers and small-scale business units are worried about being moved out of Dharavi. The residents and business unit owners state that the authorities should ensure that they have complete clarity and rehabilitation is done in the same area, after providing a proper roadmap and obtaining consent.

Also Read
Three bidders vying for Mumbai’s Dharavi slum redevelopment
Smartworld Developers expect sales worth Rs 2.5 bn from retail project

Three companies, Adani Realty, DLF and Naman Group, have submitted bids for the over Rs 200 billion Dharavi redevelopment and rehabilitation project, which may finally take off after several failed attempts over the last 15 years or so. Dharavi, in Mumbai, is one of Asia's biggest slum clusters. Governments in Maharashtra have made at least four abortive attempts to get the project up and running in the last decade and a half, floating bids for the redevelopment. On October 1, the Maharashtra government floated a global tender for the redevelopment and rehabilitation of Dharavi after a failed attempt in 2019. Three companies have evinced interest in the project. After evaluation of the technical and financial eligibility of the bidders, one of the three companies will be shortlisted for the project by December 31. While the authorities maintain that the redevelopment of Dharavi will change the face of Central Mumbai, slum dwellers and small-scale business units are worried about being moved out of Dharavi. The residents and business unit owners state that the authorities should ensure that they have complete clarity and rehabilitation is done in the same area, after providing a proper roadmap and obtaining consent. Also Read Three bidders vying for Mumbai’s Dharavi slum redevelopment Smartworld Developers expect sales worth Rs 2.5 bn from retail project

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement