CURRENT AFFAIRS

Detailed explanation-1: -Adani Group bags Dharavi redevelopment project with bid of Rs 5,000 crore. MUMBAI: Adani Properties Pvt. Ltd has bid Rs 5,069 crore for the estimated Rs 23,000 crore Integrated Dharavi Redevelopment Project.

Detailed explanation-2: -The Adani Group Tuesday won the bid for the much-awaited Dharavi redevelopment project, one of the largest slum clusters in Mumbai. The makeover of Asia’s biggest slum cluster will be done by Adani Realty, the real estate wing of Adani Group.

Detailed explanation-3: -The construction work for the redevelopment of Dharavi, one of the largest slum clusters in Asia, is likely to start in October 2023, said SVR Srinivas, Chief Executive Officer (CEO) of Dharavi Redevelopment Project (DRP).

Detailed explanation-4: -What is Dharavi Redevelopment Project? Mumbai’s Dharavi slum district is being renovated as part of the Dharavi Redevelopment Project. The project was first proposed in 2004, but for a variety of reasons, it was never carried out. Earlier last week, the Dharavi redevelopment plan’s winning bidder was the Adani Group.

Detailed explanation-5: -Adani Group bags Dharavi redevelopment project with a Rs 5,069 crore bid. The group has put in a Rs 5,069 crore bid for the redevelopment of one of the largest slum sprawls in the world, outbidding DLF, which had quoted Rs 2,025 crore, chief executive officer of the project S V R Srinivas said.