Adani’s USD 3 Billion Dharavi Project To Integrate Housing & Modern Commercial Spaces

The Maharashtra government has issued the beginning certificate, thus starting the USD 3 billion Dharavi Redevelopment Project, which is being managed by the Adani Group. The first phase of this huge project, which spans a 6.4-acre railway land lot in Matunga West, Mumbai, is underway.

With 600 acres of total land, the project intends to integrate contemporary commercial development while rehabilitating more than a million Dharavi people. Seven years is the projected completion time. In addition to constructing new homes for railway workers, the principal developer, Navbharat Mega Developers (NMDPL), formerly known as the Dharavi Redevelopment Project, would also rebuild buildings for the people of Dharavi. Commercial areas intended for the local population will also be included in the development.

“We have received the commencement certificate for the first phase of the project on the part of railway land and will now begin the actual construction work of Dharavi rehabilitation,” said SVR Srinivas, CEO of the Slum Rehabilitation Authority and the Dharavi Redevelopment Project, confirming the milestone.

The Maharashtra government owns the remaining 20% of NMDPL, while the Adani Group owns the remaining 80%. The Matunga land tract was acquired from the Railways in March 2024 and is part of a bigger 27.6-acre site that also includes a scrapyard close to the Mahim railway station. This property is included in the 45 acres needed for the project.

One of Asia’s biggest slums is about to be transformed into a contemporary metropolitan area with new residential and commercial amenities thanks to the Dharavi redevelopment project. In addition to raising the standard of living for locals, this historic urban restoration project will serve as a template for larger-scale rehabilitation and reconstruction projects throughout India in the future.

Source: Construction Week

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