Adani forms JV to redevelop Dharavi slum
The real estate wing of Gautam Adani has formed a joint venture with Mumbai’s slum rehabilitation authority to redevelop Dharavi, Asia's biggest slum where 1 million people live. This project, which has delayed for decades, is now in progress.
SVR Srinivas, who heads the state-run Dharavi Redevelopment Authority, informed that the state will appoint the chairman of the new 80:20 Adani Properties-state government JV, while the CEO will be from Adani’s camp. The next step would be the submission of a master plan by the Adani group which will have key details including planning on infrastructure, rehabilitation and public amenities.
SVR Srinivas, who heads the state-run Dharavi Redevelopment Authority, informed that the state will appoint the chairman of the new 80:20 Adani Properties-state government JV, while the CEO will be from Adani’s camp. The next step would be the submission of a master plan by the Adani group which will have key details including planning on infrastructure, rehabilitation and public amenities.