Billionaire Gautam Adani forms key JV to redevelop one of Asia’s biggest slums Dharavi
Billionaire Gautam Adani forms key JV to redevelop one of Asia’s biggest slums Dharavi
The setting up of the JV is a critical step and assumes significance as it comes as Adani faces an ongoing legal challenge from a rival bidder, Dubai-based SecLink
According to spokesperson from Adani group,
Adani group Dharavi redevelopment’s next step would be the submission of a master plan by the Adani group which will have key details including planning on infrastructure, rehabilitation and public amenities.
Notedly, Indian billionaire Gautam Adani’s property unit has formed a joint venture with Mumbai’s slum rehabilitation authority to redevelop the Dharavi, a key step towards rebuilding one of Asia’s biggest slums that is mired in legal controversy.
A spokesperson from Adani Group confirmed the formation of the entity, Dharavi Redevelopment Project Pvt Ltd, without elaborating further. Redevelopment of Dharavi, where 1 million people live, has been delayed for decades.
The setting up of the JV is a critical step and assumes significance as it comes as Adani faces an ongoing legal challenge from a rival bidder, Dubai-based SecLink Technologies Corporation.
News Edit K.V.Raman
