Maharashtra gives its nod to Adani's Dharavi project

The Maharashtra government has approved the Adani group’s proposal to rehabilitate residents of Mumbai’s 590-acre Dharavi locality, home to over 900,000 Indians, almost eight months after the conglomerate won a tender to develop India’s largest slum.

- Anirudh Laskar

The state’s housing department said on Friday that Adani group will be the government’s partner for the Dharavi redevelopment project, which involves an investment of at least $3 billion. Mint has reviewed a copy of the letter termed a "government resolution."

The notification marks the first in a series of approvals required for the slum redevelopment project to proceed. It comes following significant political upheaval in Maharashtra, where Nationalist Congress Party (NCP) leader Ajit Pawar has joined the state government, assuming the role of the state’s deputy chief minister and finance minister, after breaking ranks with his uncle Sharad Pawar. However, Adani may get the remaining approvals for the project in another month.

The letter said: "Government’s decision: As the main partner for the implementation of Dharavi Redevelopment Project under Dharavi Notified Area, the maximum bidder is (mainly) Adani Properties Pvt. Ltd. The tender of ₹5,069 crore is being approved for the appointment."