Adani Properties has outbid competitors to secure Mumbai's prestigious Rs 36,000 crore Motilal Nagar redevelopment project spanning 143 acres in Goregaon. This marks the conglomerate's second major Mumbai urban renewal venture after the Dharavi project.

The $3 billion Dharavi redevelopment project, led by the Adani Group, kicks off with Phase 1 construction on a 6.4-acre railway land parcel, aiming to transform Asia's largest slum into a modern urban hub.

The state cabinet accepted the transfer of 140 acres of Malwani and Aksa property from the suburban collector for the ambitious Dharavi Redevelopment Project. Land will be utilised for rental homes for slum inhabitants ineligible for free housing under the project.

IAS officials, including Dharavi Redevelopment Project (DRP) CEO SVR Srinivas, Cidco president Vijay Singhal, and BMC associate municipal commissioner Abhijit Bangar, discussed city initiatives during the Maharashtra Infrastructure Conclave.

The state government is granting developers Floor Space Index to overcome legal issues regarding salt pan land availability in Dharavi's redevelopment. In return for building rental accommodation for ineligible Dharavi inhabitants, the saleable components of the project will get an FSI of 1.33.

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.

Recent TDR regulation amendments in Mumbai could jeopardise the city's growing real estate industry. With developers being forced to get a percentage of their TDR from the Dharavi redevelopment project at higher rates, home prices may rise.

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.

A special purpose vehicle set up by the government with Adani Realty as the lead developer, the Dharavi Redevelopment Project Pvt Ltd (DRPPL), and the Slum Rehabilitation Authority have sought 1,255 acres from various government agencies.

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.

The Dharavi Redevelopment Project Pvt Ltd (DRPPL), led by Adani Realty, seeks 334 tenements from government agencies like SPPL and Mhada to relocate residents and continue redevelopment. Negotiations are ongoing, with Mhada demanding Rs 641 crore in construction costs and interest.

At Kamla Raman Nagar in Mumbai's Dharavi slum, counting houses and people began on Monday to determine who receives a free house. Big plans are in the works for Dharavi Redevelopment Project Pvt Ltd (DRPPL), directed by S VR Srinivas.