Three bidders vying for Mumbai’s Dharavi slum redevelopment
Real Estate

Three bidders vying for Mumbai’s Dharavi slum redevelopment

The Slum Rehabilitation Authority (SRA) in Maharashtra, tasked with the redevelopment of Asia’s largest slum Dharavi in Mumbai at a cost of over Rs 200 billion, on said this week that it has received three bids for the rehabilitation and construction work.

The SRA authority had floated a tender for the redevelopment work on October 1 this year. The pre-bid meeting was scheduled on October 11, and the last date for submission of bids was set for October 31. This was later extended to November 15.

S V R Srinivas, chief executive officer of the Dharavi Redevelopment Project, said, “We have got three bids for the Dharavi rehabilitation project. November 15 was the last date for submission of bids.”

According to officials, the bids have been opened and are being scrutinised based on technical and financial eligibility.

According to an earlier report, the companies are the Adani Group, DLF, and the Naman Group Overall, eight companies from India, the United Arab Emirates, and South Korea showed interest in the redevelopment of Dharavi in the pre-bid meeting conducted on October 11.

Earlier, two companies had shown interest in the project, but the tender was scrapped in October 2020 by the previous state government owing to technical issues. The two companies were the Adani Group and Dubai’s Sec-Link Group.

The Maharashtra government aims to complete the bidding process for the project by the end of the year.

See also:
Race for Dharavi redevelopment between Adani, DLF, and Naman Group
Kanpur Development Body accepting applications for the sale of plots

The Slum Rehabilitation Authority (SRA) in Maharashtra, tasked with the redevelopment of Asia’s largest slum Dharavi in Mumbai at a cost of over Rs 200 billion, on said this week that it has received three bids for the rehabilitation and construction work. The SRA authority had floated a tender for the redevelopment work on October 1 this year. The pre-bid meeting was scheduled on October 11, and the last date for submission of bids was set for October 31. This was later extended to November 15. S V R Srinivas, chief executive officer of the Dharavi Redevelopment Project, said, “We have got three bids for the Dharavi rehabilitation project. November 15 was the last date for submission of bids.” According to officials, the bids have been opened and are being scrutinised based on technical and financial eligibility. According to an earlier report, the companies are the Adani Group, DLF, and the Naman Group Overall, eight companies from India, the United Arab Emirates, and South Korea showed interest in the redevelopment of Dharavi in the pre-bid meeting conducted on October 11. Earlier, two companies had shown interest in the project, but the tender was scrapped in October 2020 by the previous state government owing to technical issues. The two companies were the Adani Group and Dubai’s Sec-Link Group. The Maharashtra government aims to complete the bidding process for the project by the end of the year. See also: Race for Dharavi redevelopment between Adani, DLF, and Naman GroupKanpur Development Body accepting applications for the sale of plots

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