Nov 30,2022:Mumbai’s Dharavi is set for a makeover as Adani Group has won the bid for the redevelopment of one of the largest slum clusters in Asia. Financial bids for the global tender floated on October 1 for the Dharavi redevelopment project were opened.
Three companies– Adani Realty, DLF and Naman Group– had submitted bids for the redevelopment of Dharavi and rehabilitation of slum dwellers. Several attempts were made in the last 15 years for the redevelopment of Dharavi but the project will take off now.
The Maharashtra government hopes to finish the project in the next 17 years and complete rehabilitation in the next seven years. Overall, more than 10 million square feet is expected to come up as part of the Dharavi redevelopment project.
Besides Indian firms, companies from the UAE and South Korea had also shown interest in the project during the pre-bid meeting on October 11.
The state government has made at least four attempts by floating bids for the Dharavi redevelopment in the last 15 years. However, the bids never materialised.
Dharavi is located in Central Mumbai in close proximity to the commercial hub, Bandra Kurla Complex, and south Mumbai. Spread across 300 acres, Dharavi is one of the most densely populated slums in the world. The area is hub for several small-scale, unorganised industries that manufacture medicines, leather, footwear, and clothes.
