Adani Infra & Dubai-based Seclink Group at forefront for Dharavi redevelopment
The Dharavi Redevelopment Project is finally set to take off. Two companies, Adani Infra and the Dubai-based Seclink Group, have been being shortlisted for the project to redevelop Asia's largest slum. Dharavi Redevelopment Project officials opened bids for the project on Wednesday. In October last year, after several failed attempts, the DRP was revived. The state government's plan to divide the sprawling slum into 12 sub-clusters and redevelop it was scrapped, and the state Cabinet approved a fresh plan. Also read http://realtyplusmag.com/hc-stays-demolition-of-bezonbagh-unauthorised-houses-2/ According to this plan, Dharavi is to be redeveloped as a whole, and not in parts. A special purpose vehicle (SPV) was set up with 80 per cent private stake, and 20 per cent government contribution, to execute the Rs 22,000-crore project. Keep watching this space for more news!
Tags : Latest News Dharavi Redevelopment Dharavi Redevelopment Project SPV Asia's largest slum sprawling slum Adani Infra Dubai-based Seclink Group