A review of Adani Properties' major achievements to date in Vision Dharavi

 A review of Adani Properties' major achievements to date in Vision Dharavi

Resettling varied businesses of all shapes and sizes that engage in commerce, retail, and other commercial activities is another aspect of Dharavi's rehabilitation efforts for its citizens.

Over the following seven years, the Maharashtra government plans to rehabilitate the whole cluster of slums as part of the redevelopment project.

In a government resolution (GR) dated July 13, the Housing Department of the Maharashtra government gave Adani Properties the go-ahead for the Dharavi redevelopment project earlier this year.

This happened about eight months after the business won the contract to renovate and rehabilitate the biggest slum cluster in India.

Buyers

In November 2022, the renovation project went out to bid.  Adani Realty, DLF, and Naman Group were among the major real estate conglomerates that put in bids for the rehabilitation and reconstruction of Dharavi, the biggest slum in Asia, which is situated in Central Mumbai. The biggest initial investment commitment was used to select the winning offer.

Initiative Dharavi

The 300 acres that make up the Dharavi slum cluster are populated. It serves as the center of several small-scale, unorganized enterprises that produce a wide range of items, including textiles, shoes, pharmaceuticals, and leather goods.

Over the following seven years, the Maharashtra government hopes to rehabilitate the slum cluster as part of the redevelopment initiative.

There are an estimated one million people living in the slum cluster. As a result, the reconstruction of Dharavi is among the biggest urban regeneration and resettlement initiatives in the world.

In addition, the rehabilitation of Dharavi's inhabitants involves the resettling of different enterprises of different kinds and scales that deal with commerce, retail, and other commercial activities, in addition to residential units.

The project will address the housing and rehabilitation requirements of both eligible and ineligible inhabitants, with the goal of achieving complete and holistic regeneration.

Dharavi: Chairman Adani's Vision

The head of the Adani Group, Gautam Adani, has discussed his plans for Dharavi's reconstruction and drawn comparisons to Singapore's 1960s housing crisis initiative.

"I am aware of the enormous hurdles ahead as we set out on this very unknown voyage. In an open letter on July 19, Adani had said, "Even in comparison with Singapore's groundbreaking project to resolve its housing crisis in the 1960s, Dharavi is an original venture in a league of its own."

The chairman of the Adani Group said that he plans to "support and strengthen" the small businesses and microenterprises that are now operating in Dharavi in order to provide a living for the locals.

"I intend to transform Dharavi become a modern city hub by looking at methods and techniques to support and strengthen established micro-enterprises and small industries as well as promoting new-age jobs with a special focus on youth as well as women" , Adani said in his letter.