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