Adani Realty wins 24-acre Bandra Reclamation Redevelopment project outbidding L&T
10 months, 1 week ago

Adani Realty wins 24-acre Bandra Reclamation Redevelopment project outbidding L&T

Hindustan Times  

Adani Realty has emerged as the preferred bidder for the redevelopment of a 24-acre prime land at Bandra Reclamation close to the Bandra-Worli Sea Link, beating L&T, the only other eligible bidder in the bid process. Adani Realty gets 24-acre Bandra Reclamation Redevelopment Confirming this, Kailas Jadhav, Joint MD of the Maharashtra State Road Development Corporation, said, "Financial bids were opened yesterday, and the revenue share offered by Adani Realty was the highest at 22.7% compared to 18% offered by L&T, with Adani Group emerging as L1." "Out of three bidders, one was disqualified, and between the two final bidders, the bidder who offered the highest percentage of revenue share to MSRDC was declared L1," Jadhav said. In November 2022, the Adani Group had also won the ₹23,000 crore Dharavi Redevelopment Project to redevelop Asia’s largest slum cluster with a bid of ₹5,069 crore.

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History of this topic

Adani Group sought 540-acre land to complete Dharavi project, alleges Thackeray, demands scrapping of tender
5 months ago

Adani Group sought 540-acre land to complete Dharavi project, alleges Thackeray, demands scrapping of tender

Hindustan Times  

MUMBAI: Shiv Sena has opposed giving any additional sops to the Dharavi Redevelopment Project Pvt Ltd other than those mentioned in the tender. The party has claimed that the Adani Group, which is implementing the project, has sought additional land space of 540-acre to complete the project, which is not part of the tender conditions. Uddhav Thackeray Party chief Uddhav …

No land transfer to Adani group in Dharavi slum redevelopment project: Report
6 months ago

No land transfer to Adani group in Dharavi slum redevelopment project: Report

Hindustan Times  

The world's largest slum redevelopment project involves no land transfer to Special Purpose Vehicle created for the project or to the Adani group. Sources close to the project told ANI that land transfer will be done to Dharavi Redevelopment Project/slum rehabilitation authority which is part of Maharashtra government housing department. The ₹23,000 crore slum redevelopment project comes under controversy after …

No land to Adani group, Dharavi land transfer to Maha govt depts; Adani only a developer: Sources
6 months, 1 week ago

No land to Adani group, Dharavi land transfer to Maha govt depts; Adani only a developer: Sources

New Indian Express  

MUMBAI: The multi-crore Dharavi slum redevelopment project involves no land transfer to the Adani group but to the Maharashtra government's departments, and the Ahmedabad-based conglomerate, as a project developer, will build houses that will be handed over to the same departments for allotment to residents of Asia's biggest slums, sources said. Denying allegations of land grab made by MP Varsha …

Why does Adani Group need 1,250 acres for redevelopment project: Dharavi residents
6 months, 1 week ago

Why does Adani Group need 1,250 acres for redevelopment project: Dharavi residents

Hindustan Times  

Mumbai: A group of Dharavi residents have questioned why the Adani Group-led Dharavi Redevelopment Project Pvt Ltd requires 1,250 acres of land for its slum overhaul plan. Calling it “a land scam”, the Dharavi Bachao Andolan said 1,250 acres is double the area of Dharavi, one of the world’s largest slums. Why does Adani Group need 1,250 acres for redevelopment …

Adani Group's Dharavi plan begins next week: All you need to know
9 months, 1 week ago

Adani Group's Dharavi plan begins next week: All you need to know

Hindustan Times  

Adani Group is set to begin mapping Asia’s largest slum, a highly valuable area at the heart of Mumbai that the port-to-power conglomerate will redevelop starting March 18. The survey, which will create the world’s first digital map of a vast informal settlement using laser mapping technology, will kickstart Adani’s efforts to make India’s financial capital slum free, the spokesperson …

Adani Realty wins bid to redevelop 24-acre plot at Bandra Reclamation
10 months, 1 week ago

Adani Realty wins bid to redevelop 24-acre plot at Bandra Reclamation

Hindustan Times  

Adani Realty, the real estate arm of Adani Group, has beat Larsen & Toubro to emerge as the highest bidder for the redevelopment of a 24-acre plot at Bandra Reclamation, located close to the Bandra-Worli Sea Link. Mumbai, India - Feb. 16, 2024: Adani group has won the bid for 24 acre Bandra reclamation plot in Mumbai, India, on Friday, …

Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus
11 months, 2 weeks ago

Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus

India TV News  

Adani Ports and Special Economic Zone shares rose 5.22 per cent in early trade on Tuesday to hit a 52-week high of Rs 1,229.90 after the company said on Monday that it plans to enter the bond market after a two-year hiatus. At the concluding session of the event, organised by the ruling DMK government, formal agreements were inked between …

New tender process for Dharavi slum redevelopment transparent; no undue favour to Adani Group: Maharashtra government to Bombay High Court
1 year, 3 months ago

New tender process for Dharavi slum redevelopment transparent; no undue favour to Adani Group: Maharashtra government to Bombay High Court

The Hindu  

The new tender issued in 2022 for the Dharavi slum redevelopment project in Mumbai was transparent and no undue favour was shown to the highest bidder Adani Group, the Maharashtra government has submitted to the Bombay High Court. I say that the new tender process was conducted in an absolutely transparent manner and in fact the new tender attracted more …

Adani final go-ahead for Dharavi project held up after UD concerns
1 year, 7 months ago

Adani final go-ahead for Dharavi project held up after UD concerns

Hindustan Times  

Mumbai: Five months after the state cabinet approved Adani Realty’s bid for the Dharavi Redevelopment Project, the latter has still to take off, as the government has not issued a final Letter of Award. The urban development department has expressed reservations on the concessions in the indexation of TDR given to Adani as well as the order to city builders …

Cabinet approves Adani’s bid for Dharavi redevelopment
1 year, 11 months ago

Cabinet approves Adani’s bid for Dharavi redevelopment

Hindustan Times  

Mumbai: The Maharashtra cabinet on Friday approved the bid of the Adani group in the Dharavi Redevelopment Project. HT Image Bids for the Dharavi Redevelopment Project were opened at the end of November and the Adani group, with a bid of ₹5,069 crore, was declared the winner. When Adani’s bid came up for approval, officers and ministers discussed the issue …

Deconstructing Dharavi: As Adani Group Wins Redevelopment Bid, Locals & Businesses Flustered about Future
2 years ago

Deconstructing Dharavi: As Adani Group Wins Redevelopment Bid, Locals & Businesses Flustered about Future

News 18  

A parlour in one small room, a cloth business in the other. The Adani Group last week bagged the Rs 20,000-crore Dharavi redevelopment project, with a winning bid of Rs 5,069 crore. “If you compare Dharavi with any other redevelopment of slum pockets or government land, I believe the land value should be notional. Killawala suggested that an ideal way …

Adani Group bags Dharavi redevelop project with a ₹5,069 cr bid
2 years ago

Adani Group bags Dharavi redevelop project with a ₹5,069 cr bid

Live Mint  

The Adani Group has emerged as the highest bidder for the 259-hectare Dharavi Redevelopment Project, a top official said on Tuesday. The group has put in a ₹5,069 crore bid for the redevelopment of one of the largest slum sprawls in the world, outbidding DLF, which had quoted ₹2,025 crore, chief executive officer of the project S V R Srinivas …

Adani Group Wins Dharavi Redevelopment Project With Rs 5,069 Crore Bid
2 years ago

Adani Group Wins Dharavi Redevelopment Project With Rs 5,069 Crore Bid

News 18  

Mumbai’s Dharavi is set for a makeover as Adani Group has won the bid for the redevelopment of one of the largest slum clusters in Asia. Financial bids for the global tender floated on October 1 for the Dharavi redevelopment project were opened today. We will now further go with the approval from the state government and also form a …

Adani Group wins Dharavi redevelopment project with ₹5,069 crore bid
2 years ago

Adani Group wins Dharavi redevelopment project with ₹5,069 crore bid

The Hindu  

The Adani Group on November 29 won the bid to redevelop Dharavi, one of the largest slum clusters in the world with an initial investment of ₹5,069 crore. SVR Srinivas, chief executive officer of Dharavi Redevelopment Project and commissioner of Maharashtra Housing and Area Development Authority confirmed the same and said, “Adani Group won the bid with ₹5,069 crore, DLF …

Adani Group bags Dharavi redevelopment project with Rs 5,069 crore bid
2 years ago

Adani Group bags Dharavi redevelopment project with Rs 5,069 crore bid

India Today  

The Adani Group has emerged as the highest bidder for the 259-hectare Dharavi Redevelopment Project, a top official said on Tuesday. The group has put in a Rs 5,069 crore bid for the redevelopment of one of the largest slum sprawls in the world, outbidding DLF, which had quoted Rs 2,025 crore, chief executive officer of the project SVR Srinivas …

DLF, Adani, Naman Group bid for Dharavi redevelopment project
2 years, 1 month ago

DLF, Adani, Naman Group bid for Dharavi redevelopment project

The Hindu  

The Maharashtra government has received bids from DLF Group, Adani Group and Naman Group for the redevelopment of Dharavi, one of the largest slum clusters in the world. Srinivas, chief executive officer of the Dharavi Redevelopment Project and commissioner of Maharashtra Housing and Area Development Authority said, “We have received three bids, we will now do the technical scrutiny in …

Adani Group to invest ₹10,000 crores in Bengal
2 years, 8 months ago

Adani Group to invest ₹10,000 crores in Bengal

Hindustan Times  

The Adani Group on Wednesday committed to invest ₹10,000 crore in West Bengal over the next decade, group chief Gautam Adani announced on Wednesday. At the inaugural session of Bengal Global Business Summit 2022 here, Adani said the group’s investments will span world-class port infrastructure, state of art data centres and undersea cables that will connect them across the oceans, …

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