Race for Dharavi redevelopment between Adani, DLF, and Naman Group
Real Estate

Race for Dharavi redevelopment between Adani, DLF, and Naman Group

The Rs 200 billion Dharavi reconstruction project has received proposals from some of the top real estate firms, including the Adani Group, the DLF Group of Delhi, and the Naman Group of the city, reigniting expectations that Asia's largest slum cluster may finally receive an upgrade.

According to SVR Srinivas, CEO, Dharavi Redevelopment Authority, the project drew three bids after the government changed the terms and conditions to promote competition, in contrast to 2016 when no bids were submitted despite five extensions and 2018 when only two proposals were received.

Only three proposals were submitted November 15, the final day for submission, despite the fact that eight companies—including ones from South Korea and the UAE—had attended the pre-bid conference on October 11. Whether all three businesses have technical partners is unknown. The Dharavi tender conditions, in contrast to earlier ones, only permit two partners in a consortium: the lead partner, who must have a higher financial net worth, and the technical partner, who must have construction experience.

Also read:
Dharavi revamp: pact inked for 47.5 acres of railway land
BMC seeks consultant to make sewage water reusable


The Rs 200 billion Dharavi reconstruction project has received proposals from some of the top real estate firms, including the Adani Group, the DLF Group of Delhi, and the Naman Group of the city, reigniting expectations that Asia's largest slum cluster may finally receive an upgrade. According to SVR Srinivas, CEO, Dharavi Redevelopment Authority, the project drew three bids after the government changed the terms and conditions to promote competition, in contrast to 2016 when no bids were submitted despite five extensions and 2018 when only two proposals were received. Only three proposals were submitted November 15, the final day for submission, despite the fact that eight companies—including ones from South Korea and the UAE—had attended the pre-bid conference on October 11. Whether all three businesses have technical partners is unknown. The Dharavi tender conditions, in contrast to earlier ones, only permit two partners in a consortium: the lead partner, who must have a higher financial net worth, and the technical partner, who must have construction experience. Also read: Dharavi revamp: pact inked for 47.5 acres of railway land BMC seeks consultant to make sewage water reusable

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code