DRP rejects favouritism claims, cites delay tactics in Dharavi Project

20 Nov 2023 CW Team

The Dharavi Redevelopment Project (DRP), led by the Adani Group, dismissed allegations of favouritism in the matter. In a statement, DRP, which also counts the Maharashtra government as a stakeholder, stated that "vested interests" were trying to hinder or postpone the project, which holds a revenue potential of Rs 200 billion.

The Opposition Congress claimed that the BJP government was 'benefitting' the Adani Group by easing norms for the Dharavi redevelopment project in Mumbai. Jairam Ramesh, its general secretary, accused the Maharashtra Urban Development Department, which had initially expressed reservations about relaxing the rules, of being "compelled to issue a notification that removes the provision of indexation in Dharavi's real estate Transferable Development Rights (TDR) and makes it mandatory for all Mumbai builders to purchase the first 40 per cent of their TDRs from Adani."

The DRP's statement referred to the efforts to "manufacture a controversy" around TDR generation as "unfortunate." It asserted that the generation of TDR within the Dharavi Notified Area (DNA) had been allowed since the Government Resolution (GR) of 2018, modified in the GR of 2022. The statement reminded that both developments occurred before the issuance of the tender for the redevelopment in 2022.

Real Estate

05 Dec 2025

RBI Rate Cut Boosts Confidence Across Housing Market

Industry Context and Market DynamicsThe real estate industry has welcomed the RBI’s rate cut as a timely boost to affordability and demand. With home prices having risen steadily across major markets, even a marginal reduction in interest rates meaningfully strengthens purchasing power, especially for first-time and mid-income buyers.Ashish Jerath, President – Sales & Marketing, Smartworld Developers, observes:“The RBI’s 25-basis-point cut, bringing the repo rate down to 5.25%, is a timely boost for the real estate sector. Lower interest rates reduce borrowing costs, enabling homeb..

BMC Resumes Rs 170 Billion Road Works, Targets 80 per cent By Jan 2026

Following the withdrawal of the southwest monsoon in October, the Brihanmumbai Municipal Corporation (BMC) has restarted work on 645 roads—covering 297.49 kilometres—under its large-scale concretisation programme. Data shows that more than 60 per cent of the resumed works are located in the western suburbs. Officials said the civic body aims to complete concretisation on 80 per cent of the roads where fresh work has begun by January 2026. Launched in 2022, the Rs 170 billion project seeks to concretise 700 kilometres of roads across Mumbai. All civil works were halted during the monsoon ..

India Pushes Digital Shift In Urban Land Mapping

The Department of Land Resources (DoLR) under the Ministry of Rural Development has convened a National Symposium on NAKSHA – the National Geospatial Knowledge-based Land Survey of Urban Habitations – to advance India’s transition to modern, technology-driven land mapping. Speaking at the inaugural session, Secretary Manoj Joshi underscored the urgent need to move revenue departments away from outdated, tape-based methods and rough hand-drawn sketches. He stressed that adopting latitude–longitude-based digital mapping and GIS-linked registration systems is essential for economic stabi..