In a groundbreaking move, the Maharashtra government has formally appointed Adani Properties Limited as the lead developer for the ambitious Dharavi redevelopment project. This significant decision comes after Adani Properties emerged victorious through a rigorous global tendering process. With Asia’s largest slum in focus, the project aims to uplift the lives of 6.5 lakh residents and transform the face of Dharavi.
The Dharavi redevelopment project covers an expansive area of 2.5 square kilometers, spanning over 590 acres. It is a colossal undertaking that seeks to replace the existing slum with modern infrastructure, including state-of-the-art flats, schools, hospitals, ample parking spaces, and beautiful parks. This comprehensive approach will not only provide better living conditions for the residents but also create a vibrant and sustainable community.
The estimated cost of the project stands at a staggering 5,069 crore, reflecting the government’s commitment to driving positive change and improving the lives of those residing in Dharavi. The project’s timeline is set at 7 years, a testament to the scale and complexity of the redevelopment process. However, the Maharashtra government aims to complete the first set of buildings before the upcoming 2024 elections, demonstrating their determination to deliver tangible results to the residents.
This appointment of Adani Properties Limited as the lead developer has sent shockwaves through the political opposition. While some express surprise, others are skeptical about the involvement of a private entity in such a significant public project. However, proponents argue that the collaboration between the government and a renowned developer will bring expertise, resources, and efficiency to ensure the successful implementation of the project.
The Dharavi redevelopment project has garnered attention not only within Maharashtra but also on a national and international level. It serves as a shining example of innovative urban planning and social progress, aiming to uplift the lives of millions of people and reshape one of the largest slums in the world. The project’s scope, coupled with Adani Properties’ proven track record, has generated anticipation and excitement about the transformative changes that lie ahead.