Adani Realty bags Rs 5,069 crore Dharavi redevelopment project

Gautam Adani- led Adani Properties on Tuesday won the shot for the addition of Dharavi, the alternate– largest slum colony in Asia, reported Moneycontrol.
The Maharashtra government authorities, on November 29, opened the fiscal flings for the Dharavi redevelopment design which is being touted as one of the largest redevelopment systems in India.
Adani Properties, the loftiest endeavor, reportedly offered Rs,069 crore as its investment in the design.
The design’s bidding criteria was kept on the base of the loftiest investment quantum quoted, over the quested Rs,600 crore.
DLF and Shree Naman Developers were the other two stab contending.

SVR Srinivas, Chief Executive Office of Dharavi Redevelopment Project said,” We got three flings of which we opened two fiscal flings of Adani and DLF as Naman Group didn’t qualify in the specialized bidding. The shot by Adani Group was for Rs,069 crore and DLF was Rs,025 crore. We’ll now further go with the blessing from the state government and also form a special purpose vehicle( SPV) for the redevelopment of Dharavi. ”
After multitudinous failed attempts over the once 15 times, the recuperation of Dharavi will soon begin with the selection of the winning endeavor.
The design is anticipated to be finished in 17 times, while the recuperation process should be finished in seven timesaccording to the Maharashtra government. The Dharavi redevelopment design is anticipated to affect in the construction of further than 10 million square bases overall.
The state government on October 1 floated a global tender for the redevelopment and recuperation of Dharavi after a failed attempt in 2019.

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