Gautam Adani, chairman of the Adani Group, said the Dharavi rehabilitation project is more than urban regeneration; it will change the lives of nearly one million people in one of the world's greatest slums. Adani said at Mumbai's Jai Hind College that the project would restore Dharavi's dignity.

The long-anticipated Dharavi Redevelopment Project, covering nearly 600 acres in Mumbai’s core, is expected to commence construction within the next 6-8 months, according to SVR Srinivas, CEO of the Dharavi Redevelopment Project (DRP) and the Slum Rehabilitation Authority of Maharashtra.

The largest slum in India, Dharavi, is undergoing a tremendous change. Adani Group and state government joint venture Dharavi Redevelopment Project Ltd. (DRPPL) has chosen 540 acres of suburban property to move 'ineligible' inhabitants for free homes.

According to insiders, the Adani Group is considering buying Penna Cement, Saurashtra Cement, Jaiprakash Associates' cement business, and ABG Shipyard-owned Vadraj Cement.

In Mumbai, where 40% live in slums, finding a house is difficult. Despite government pledges, many slum redevelopment programmes are unfinished or controversial. Example: Hari Nagar-Shivaji Nagar SRA Housing Society.

The Blackstone Group is close to buying Adani Realty's Inspire BKC, a high-profile commercial real estate project on Mumbai's Bandra-Kurla Complex (BKC) fringes. The 800,000-square-foot office skyscraper is expected to cost the US private equity behemoth between Rs 1,800 crore and Rs 2,000 crore.

Terravista Developers, an Adani Group affiliate, bought a 25-acre land in Haveli, Pune, to expand its data centre infrastructure. Leasehold rights from Finolex Industries enabled this Rs 471 crore ($56.6 million) investment.

The Adani Group is investigating the possibility of monetising portions of its real estate holdings that have been identified as non-core to its operations, according to two individuals with direct knowledge of the situation

Piramal Group increased its initial bid for Dewan Housing Finance Corporation by around INR 2,000 crore more while the United States headquartered asset management company Oaktree Capital upped its initial offer by INR1700 crore more.