Adani Group can now earn more from TDR in Dharavi Redevelopment Project
1 year, 4 months ago

Adani Group can now earn more from TDR in Dharavi Redevelopment Project

Hindustan Times  

Controversy over Dharavi Redevelopment Project seems to be deepening further as the state government recently issued a notification to bring in changes in the Development Control Rules which has allowed the use of Transfer of Development Rights without an indexation. This change will give more value to the Adani group for the TDR generated from the Dharavi Redevelopment Project and mandate all city builders to buy the first 40% of their required TDR from DRP only. The decision triggered a sharp reaction from Congress MLA and party’s Mumbai unit president Varsha Gaikwad who accused the Maharashtra government of awarding the Dharavi Redevelopment Project to Adani’s conglomerate as a ‘Diwali gift’. The notification proposes mandatory for all real estate constructions in Mumbai to purchase at least 40% of their TDR requirements at exorbitant rates from the Dharavi Redevelopment Project, where Adani Properties Pvt.

Mumbai Congress Redevelopment Project Group Adani Tdr Notification Dharavi Dharavi Redevelopment Project Generated Indexation Udd Drp  indexation  group  project  notification  earn  adani  tdr  mumbai  redevelopment  dharavi  generated

History of this topic

No Dharavi land being handed over to Adani: Shelar
1 week, 2 days ago

No Dharavi land being handed over to Adani: Shelar

Hindustan Times  

MUMBAI: Reports that government land is being handed over to Adani Realty in the guise of redeveloping Dharavi are untrue, state cultural affairs minister Ashish Shelar said on Friday. No Dharavi land being handed over to Adani: Shelar Not an inch of government land will be handed over to the industrial house, he added. Shelar was responding during a heated …

Adani Group wins bid for Rs 36,000 crore Motilal Nagar project in Mumbai
2 weeks, 4 days ago

Adani Group wins bid for Rs 36,000 crore Motilal Nagar project in Mumbai

India Today  

Adani Group on Wednesday won the Rs 36,000 crore redevelopment project at Mumbai’s Motilal Nagar, emerging as the highest bidder. This is the second major redevelopment project for the Adani Group after the Dharavi redevelopment project. Adani Properties Pvt Ltd, a subsidiary of the Adani Group, is involved in the 143-acre housing redevelopment project at Motilal Nagar I, II, and …

After Dharavi, Adani Group wins ₹36,000 crore Motilal Nagar redevelopment project in Mumbai's Goregaon: Report
2 weeks, 5 days ago

After Dharavi, Adani Group wins ₹36,000 crore Motilal Nagar redevelopment project in Mumbai's Goregaon: Report

Hindustan Times  

Gautam Adani's group has emerged as the highest bidder for the ₹36,000 crore redevelopment of Motilal Nagar in Mumbai's Goregaon, according to a PTI report. Mumbai redevelopment news: Gautam Adani's group has emerged as the highest bidder for the ₹ 36,000 crore redevelopment of Motilal Nagar in Mumbai's Goregaon. This will be the Adani Group's third major acquisition, following the …

Adani set to bag one of Mumbai's largest housing projects worth $4.1 billion: Report
2 weeks, 5 days ago

Adani set to bag one of Mumbai's largest housing projects worth $4.1 billion: Report

Hindustan Times  

Billionaire Gautam Adani’s real estate unit has emerged the top bidder to redevelop one of the largest housing projects in Mumbai at an estimated 360 billion rupees, according to two people aware of the development. Adani Properties Pvt Ltd, an unlisted unit of port-to-power conglomerate Adani Group, offered the highest price for the Motilal Nagar Development Project in the western …

Dharavi redevelopment: Supreme Court refuses status quo on Adani Group’s project
3 weeks, 3 days ago

Dharavi redevelopment: Supreme Court refuses status quo on Adani Group’s project

The Hindu  

The Supreme Court on Friday refused to order a status quo on Dharavi redevelopment project in Mumbai. A bench of Chief Justice Sanjiv Khanna and Justice Sanjay Kumar sought responses from the Maharashtra government and Adani Properties Pvt Ltd, which was awarded the tender for the project, on a petition challenging a December 20, 2024 verdict of the Bombay High …

SC refuses status quo on Dharavi project, seeks Adani, Maharashtra government's response
Top News
3 weeks, 3 days ago

SC refuses status quo on Dharavi project, seeks Adani, Maharashtra government's response

New Indian Express  

NEW DELHI: The Supreme Court on Friday refused to order a status quo on Dharavi redevelopment project in Mumbai. A bench of Chief Justice Sanjiv Khanna and Justice Sanjay Kumar sought responses from the Maharashtra government and Adani Properties Pvt Ltd, which was awarded the tender for the project, on a petition challenging a December 20, 2024 verdict of the …

Mumbaikars paying ‘Adani tax’: Aaditya Thackeray
2 months ago

Mumbaikars paying ‘Adani tax’: Aaditya Thackeray

The Hindu  

Shiv Sena leader Aaditya Thackeray on Wednesday claimed that Mumbaikars are paying a new type of tax called — ‘Adani tax’ — as the taxes that the common man is paying is benefitting only the Adani Group. Elaborating on the ‘Adani tax’, he said: “It means acquiring Transfer of Development Rights, floor space index from Adani, and they will not …

Bombay HC upholds Dharavi redevelopment tender awarded to Adani Group
3 months, 1 week ago

Bombay HC upholds Dharavi redevelopment tender awarded to Adani Group

Op India  

Bombay High Court on Friday upheld the Maharashtra government’s decision to award the Dharavi slum redevelopment project to Adani Properties Private Limited, dismissing a petition by UAE-based Seclink Technologies Corporation that challenged the tender process. A division bench of Chief Justice D K Upadhyaya and Justice Amit Borkar dismissed the petition filed by Seclink Technologies challenging the govt’s decision. Seclink …

Bombay HC upholds tender awarded to Adani Group to redevelop Dharavi slum sprawl
Top News
3 months, 1 week ago

Bombay HC upholds tender awarded to Adani Group to redevelop Dharavi slum sprawl

The Hindu  

The Bombay High Court on Friday gave a green signal to the Adani Group to continue with the Dharavi Redevelopment Project in Mumbai. A Division Bench of Chief Justice Devendra Kumar Upadhyaya and Justice Amit Borkar observed that it cannot be said that the fresh tender conditions for Dharavi Redevelopment Project were “tailor-made” to suit only a particular bidder, Adani …

Dharavi redevelopment project: Survey work for 25,000 tenements completed, 60,000 dwellings numbered so far
4 months ago

Dharavi redevelopment project: Survey work for 25,000 tenements completed, 60,000 dwellings numbered so far

Hindustan Times  

Survey work for 25,000 tenements has been completed and 60,000 dwellings have been numbered since the exercise began in March this year on the Dharavi redevelopment project, according to the statement issued by Dharavi Redevelopment Project Pvt Ltd, a joint venture between the government of Maharashtra and the Adani Group on November 28. Dharavi redevelopment: Survey work for 25,000 tenements …

Adani to buy PSP projects stake to boost construction arm
Trending News
4 months, 1 week ago

Adani to buy PSP projects stake to boost construction arm

Live Mint  

Billionaire Gautam Adani agreed to buy a stake in PSP Projects Ltd. as his ports-to-power conglomerate seeks to reinforce engineering and construction capabilities for infrastructure projects. Adani Infra Ltd. will buy as much as 30.07% of the Ahmedabad-based construction firm from founder Prahaladbhai S. Patel for 6.85 billion rupees, according to an exchange filing Tuesday. Adani Infra also made an …

Adani Group sought 540-acre land to complete Dharavi project, alleges Thackeray, demands scrapping of tender
8 months, 1 week 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 …

Mumbai real estate market: 5 things you need to know about Dharavi redevelopment project
8 months, 4 weeks ago

Mumbai real estate market: 5 things you need to know about Dharavi redevelopment project

Hindustan Times  

Dharavi, one of Asia's largest slum housing clusters with a population of around one million people is located in the heart of Mumbai, and is set to undergo redevelopment. According to real estate developers and consultants, Dharavi redevelopment and rehabilitation will not only mark the beginning of a slum-free Mumbai but will be one of the biggest factors that is …

No land to Adani group, Dharavi land transfer to Maha govt depts; Adani only a developer: Sources
9 months, 2 weeks 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
9 months, 2 weeks 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 takes cricket league route to woo Dharavi residents
10 months ago

Adani takes cricket league route to woo Dharavi residents

Hindustan Times  

MUMBAI: The Dharavi Redevelopment Project Pvt Ltd, a joint venture between the Government of Maharashtra and the Adani Group, has organised the Dharavi Premier League, a three-day cricket tournament to woo Dharavi residents, many of whom have been opposing the redevelopment of their slum. Dharavi Redevelopment Project Pvt Ltd, a joint venture between the Government of Maharashtra and the Adani …

Dharavi redevelopment project: Housing eligibility survey starts today
11 months, 4 weeks ago

Dharavi redevelopment project: Housing eligibility survey starts today

Hindustan Times  

Mumbai: The second phase of a door-to-door survey of Dharavi residents to determine eligibility for free housing will begin on April 1 on Monday from Kamla Raman Nagar area for the redevelopment project of Asia’s largest slum. Mumbai, India - March 18, 2024 : SVR Srinivas, CEO of the Dharavi Redevelopment Project interacts with resident of Kamla Raman Nagar, as …

Adani Group's Dharavi plan begins next week: All you need to know
1 year 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
1 year, 1 month 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 group to invest ₹42700 cr in DMK-run Tamil Nadu
1 year, 2 months ago

Adani group to invest ₹42700 cr in DMK-run Tamil Nadu

Op India  

Ports-to-power conglomerate Adani Group on Monday signed memorandums of understanding for investment of over Rs 42,700 crore at the Tamil Nadu Global Investors Meet 2024. According to an official press release, “The biggest investment of Rs 24,500 crore will be made by Adani Green Energy Ltd in three pump storage projects in the next 5-7 years.” “Adani Connex will invest …

Int’l planners, designers to prepare master plan for Dharavi project
1 year, 2 months ago

Int’l planners, designers to prepare master plan for Dharavi project

Hindustan Times  

Mumbai: Dharavi Redevelopment Project Private Limited a special purpose vehicle formed by Adani group for the redevelopment of Dharavi in the next important step has decided to appoint internationally renowned planners and designers to prepare the master plan for the project, which is considered as one of the largest slum areas in Asia. HT Image DRPPL is in the process …

Mumbai firm bags ₹22 crore contract to digitally map Adani's Dharavi project
1 year, 3 months ago

Mumbai firm bags ₹22 crore contract to digitally map Adani's Dharavi project

Hindustan Times  

Mumbai-based digital mapping firm Genesys International has bagged the contract to deploy its digital twin mapping technology for the Dharavi redevelopment project. Adani's Dharavi redevelopment project has run into trouble with the opposition parties alleging that the business conglomerate received favours from the Eknath Shinde government. In a statement issued last week, the Adani Group had claimed that the tender …

‘Dharavi project tender conditions finalised during MVA rule in Maharashtra’, says Adani Group
1 year, 3 months ago

‘Dharavi project tender conditions finalised during MVA rule in Maharashtra’, says Adani Group

Hindustan Times  

The Adani Group on Saturday said it was awarded the Dharavi slum redevelopment project by the previous Maha Vikas Aghadi government in Maharashtra through a fair and open international bidding. The Adani Group's Dharavi Redevelopment Project Pvt Ltd issued a statement on the day former chief minister Uddhav Thackeray led a protest march from Dharavi to Adani's office in Mumbai. …

‘Remove Adani, Save Dharavi’ | Protesters stage massive march against redevelopment project
1 year, 3 months ago

‘Remove Adani, Save Dharavi’ | Protesters stage massive march against redevelopment project

The Hindu  

Opposition-led protesters, numbering in the thousands, marched towards billionaire Gautam Adani’s Mumbai offices on December 16 to express their dissent against the ₹23,000 crore Dharavi Redevelopment Project. Dharavi is one of Asia’s largest slum clusters and the Adani Properties secured the 259-hectare redevelopment project in November last year through competitive bidding. Wielding flags and banners bearing slogans like “Remove Adani, …

Dharavi TDR: Developers seek higher FSI, relaxation in premiums
1 year, 3 months ago

Dharavi TDR: Developers seek higher FSI, relaxation in premiums

Hindustan Times  

MUMBAI HT Image CREDAI-MCHI, leading developers’ body representing 1,800 developers in MMR, has sought higher FSI and relaxation in premiums if developers are compelled to buy Transferable Development Rights generated from Dharavi Redevelopment Project, which is being implemented by the Adani Group. CREDAI-MCHI made the demands while responding to the suggestions and objections invited from stakeholders by the Urban Development …

Congress accuses BJP govt. of relaxing norms of Dharavi redevelopment project to suit Adani group
1 year, 4 months ago

Congress accuses BJP govt. of relaxing norms of Dharavi redevelopment project to suit Adani group

The Hindu  

The Congress on November 17 accused the BJP of relaxing norms for the Dharavi redevelopment project in Mumbai to benefit the Adani group. In a statement, Congress general secretary Jairam Ramesh alleged that the Maharashtra Urban Development Department had been “compelled” to change rules. “It is now reported that the Maharashtra Urban Development Department — which had originally expressed its …

Adani Group to begin Dharavi redevelopment project, say reports
1 year, 4 months ago

Adani Group to begin Dharavi redevelopment project, say reports

India TV News  

Maharashtra: The Adani Group may begin the Dharavi redevelopment project in Mumbai and is likely to invest Rs 12,500 crore, according to a report by Mint. The Adani Group, led by industrialist Gautam Adani, had emerged as the highest bidder for the 259-hectare Dharavi Redevelopment Project and bagged it with its Rs 5,069-crore bid in the 2022 tender process. The …

Adani forms SPV for Dharavi redevelopment project
1 year, 6 months ago

Adani forms SPV for Dharavi redevelopment project

Hindustan Times  

Mumbai: In another important development in the Dharavi Redevelopment Project, Adani Properties moved a step forward and formed a Special Purpose Vehicle called the Dharavi Redevelopment Project Pvt Ltd days before the government-mandated deadline of September 16. After the state cabinet approved Adani Properties’ bid in December 2022, the project saw a six-and-a-half-month deadlock. As an equity partner of the …

New tender process for Dharavi slum redevelopment transparent; no undue favour to Adani Group: Maharashtra government to Bombay High Court
1 year, 7 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 …

Dharavi Redevelopment Project: State issues Letter of Award to Adani Group
1 year, 8 months ago

Dharavi Redevelopment Project: State issues Letter of Award to Adani Group

Hindustan Times  

Mumbai: Within a week after issuing the first order approving Adani Group’s bid for the Dharavi Redevelopment Project, the state government has given the Letter of Award to Adani Properties to execute the project and form a Special Purpose Vehicle. HT Image As per the bid conditions and LOA, Adani Properties will have to complete the signing of a Memorandum …

Maharashtra government ‘gifted’ Dharavi project to Adani firm: Congress
1 year, 8 months ago

Maharashtra government ‘gifted’ Dharavi project to Adani firm: Congress

The Hindu  

The Congress on Saturday accused the Maharashtra government of awarding the Dharavi Redevelopment Project to an Adani Group firm as a ‘gift’. Watch | All about the Dharavi Redevelopment Project ‘Shady takeover’ Congress general secretary Jairam Ramesh criticised Deputy Chief Minister and BJP leader Devendra Fadnavis, stating that his final action before leaving the housing department was to formally approve …

Adani final go-ahead for Dharavi project held up after UD concerns
1 year, 10 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
2 years, 3 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, 3 months 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 …

Mint Explainer: Dharavi, the big test for Adani and Mumbai
2 years, 4 months ago

Mint Explainer: Dharavi, the big test for Adani and Mumbai

Live Mint  

In the heart of Mumbai lies Dharavi, Asia's largest slum hosting thousands of small businesses and hundreds of thousands of people over more than 600 acres. Dharavi’s small businesses will stay Many slums have almost become a permanent feature of Mumbai’s landscape, spawning mini business ecosystems. Dharavi: The big test for Gautam Adani With a net worth of over $150 …

Adani Group bags Dharavi redevelopment project with Rs 5,069 crore bid
2 years, 4 months ago

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

India TV News  

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 …

Adani Group bags Dharavi redevelop project with a ₹5,069 cr bid
2 years, 4 months 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, 4 months 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, 4 months 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, 4 months 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 …

Adani, DLF, Naman Group in the race for Dharavi redevelopment
2 years, 4 months ago

Adani, DLF, Naman Group in the race for Dharavi redevelopment

Hindustan Times  

Mumbai: Some of the leading real estate companies led by Adani Group, Delhi-based DLF Group, and city-based Naman Group have submitted bids for the ₹20,000-crore Dharavi redevelopment project, rekindling hopes that Asia’s largest slum cluster could finally get a makeover. In Mumbai, Adani Realty collaborated with Marathon Group in Monte South project, three 64-storey towers on 12-acre Khatau textile mills …

DLF, Adani, Naman Group bid for Dharavi redevelopment project
2 years, 4 months 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 …

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