Get All Access for $5/mo

Adani Group Wins Dharavi Redevelopment Bid Three companies namely Adani Realty, DLF and Naman Group had submitted bids for the redevelopment project

By Shrabona Ghosh

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Twitter

The Adani Group has won the bid for the Dharavi redevelopment project, which aims to transform the slum cluster in Mumbai.

"The Adani group quoted Rs 5,069 crore for this project, followed by Rs 2,025 crore quoted by the DLF group. Only Adani and DLF qualified in the final bidding. The third, Naman Group, couldn't make it," said SVR Srinivas, CEO, Dharavi Redevelopment Project, quoted reports.

"It will be a township - a city within a city, with mixed land use, both commercial and residential," Srinivas told Reuters.

Three companies namely Adani Realty, DLF and Naman Group had submitted bids for the redevelopment project. The Maharashtra government aims to finish the project in the next 17 years and complete rehabilitation in the next seven years. More than 10 million sq ft is expected to come up as part of the Dharavi redevelopment project. The redevelopment was first raised in the 1980s, said media reports.

Dharavi is known to be a hub for several small-scale, unorganised industries that manufacture medicines, leather, footwear, and clothes. In January 2019 Adani lost the bid to Dubai-based infrastructure firm Seclink Technologies Corporation, however, the tender was not awarded following the decision to include Railway land in the redevelopment project.

Shrabona Ghosh

Correspondent

A journalist with a cosmopolitan mindset. I lead a project called 'Corporate Innovations' wherein I cover corporates across verticals and try to tell stories on innovations. Apart from this, I write industry pieces on FMCGs, auto, aviation, 5G and defense. 
News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Living

70% of Small Business Owners Experience Monthly Burnout. Follow These 3 Rules to Avoid the Same Fate.

Here are three guidelines to help entrepreneurs achieve balance, growth and success in both their professional and personal endeavors.

Franchise

Kick-Start Your Small Business With These Cost Effective Strategies

Starting a small business is an exciting adventure, brimming with both opportunities and challenges. A key to success is effectively managing costs from the outset.