Adani Group wins Mumbai’s Dharavi Redevelopment Project with 5,069 crore bid

Adani Group wins Mumbai’s Dharavi Redevelopment Project with 5,069 crore bid

Daily Current Affairs   /   Adani Group wins Mumbai’s Dharavi Redevelopment Project with 5,069 crore bid

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Category : Business and economics Published on: December 01 2022

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  • The Adani Group emerged as the highest bidder for a project to redevelop the slum cluster of Dharavi in Mumbai.
  • SVR Srinivas, the chief executive officer of the Dharavi Redevelopment Project, said that the conglomerate led by billionaire Gautam Adani submitted a bid of Rs 5,069 crore for the project, while the DLF Group quoted Rs 2,025 crore.
  • The bid is for the entire Rs. 20,000 crore project and the total timeline for the project is 7 years to rehabilitate the 6.5 lakh slum dwellers who are spread over a 2.5 sq km area right now.
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