AGL 40.02 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 127.99 Increased By ▲ 0.29 (0.23%)
BOP 6.66 Increased By ▲ 0.05 (0.76%)
CNERGY 4.44 Decreased By ▼ -0.16 (-3.48%)
DCL 8.75 Decreased By ▼ -0.04 (-0.46%)
DFML 41.24 Decreased By ▼ -0.34 (-0.82%)
DGKC 86.18 Increased By ▲ 0.39 (0.45%)
FCCL 32.40 Decreased By ▼ -0.09 (-0.28%)
FFBL 64.89 Increased By ▲ 0.86 (1.34%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.51 Increased By ▲ 1.74 (1.57%)
HUMNL 14.75 Decreased By ▼ -0.32 (-2.12%)
KEL 5.08 Increased By ▲ 0.20 (4.1%)
KOSM 7.38 Decreased By ▼ -0.07 (-0.94%)
MLCF 40.44 Decreased By ▼ -0.08 (-0.2%)
NBP 61.00 Decreased By ▼ -0.05 (-0.08%)
OGDC 193.60 Decreased By ▼ -1.27 (-0.65%)
PAEL 26.88 Decreased By ▼ -0.63 (-2.29%)
PIBTL 7.31 Decreased By ▼ -0.50 (-6.4%)
PPL 152.25 Decreased By ▼ -0.28 (-0.18%)
PRL 26.20 Decreased By ▼ -0.38 (-1.43%)
PTC 16.11 Decreased By ▼ -0.15 (-0.92%)
SEARL 85.50 Increased By ▲ 1.36 (1.62%)
TELE 7.70 Decreased By ▼ -0.26 (-3.27%)
TOMCL 36.95 Increased By ▲ 0.35 (0.96%)
TPLP 8.77 Increased By ▲ 0.11 (1.27%)
TREET 16.80 Decreased By ▼ -0.86 (-4.87%)
TRG 62.20 Increased By ▲ 3.58 (6.11%)
UNITY 28.07 Increased By ▲ 1.21 (4.5%)
WTL 1.32 Decreased By ▼ -0.06 (-4.35%)
BR100 10,081 Increased By 80.6 (0.81%)
BR30 31,142 Increased By 139.8 (0.45%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

NEW DELHI: Indian billionaire Gautam Adani’s joint venture with Mumbai’s slum rehabilitation authority has hired a global team to redevelop Dharavi, a key step in rebuilding one of Asia’s biggest slums amid growing opposition to the project.

Dharavi, about three quarters the size of New York’s Central Park, is a crowded area that houses thousands of poor families in cramped quarters in the centre of India’s financial capital. Many residents have no access to running water or clean toilets.

Rebuilding it is a mammoth task, which was first mooted in the 1980s.

The state government of Maharashtra in July approved Adani’s $619 million bid to redevelop the area that covers 625 acres (253 hectares), and has been described by officials as “the world’s largest urban renewal scheme”.

The joint venture, Dharavi Redevelopment Project (DRPPL), said on Monday it was partnering with architect Hafeez Contractor who has done many social housing projects, US design firm Sasaki, and consultancy firm Buro Happold from the UK for the redevelopment.

India’s opposition parties protest against Adani’s Mumbai slum overhaul plan

DRPPL was set up in July and hiring of the team assumes significance as it comes amid allegations from a rival bidder that Prime Minister Narendra Modi’s allies afforded Adani favourable treatment while residents worry about his capacity to deliver amid high-profile financial setbacks.

The Adani group has said the Dharavi project was awarded through a fair, open and internationally competitive bidding process.

The state government has denied any wrongdoing.

Thousands of protests marched toward Adani’s offices in Mumbai last month to voice their opposition to his conglomerate’s redevelopment plans.

Comments

Comments are closed.

Rebirth Jan 02, 2024 04:51am
While we try to transform Karachi, something that didn’t sit too well with the so-called international community, they decided to launch a two-pronged attack from their stations in Mumbai and Lahore with the one in Islamabad not exactly sure if they should side with the good guys or rely on that cult of demonic filth. In either case, our own projects in Karachi have come to a complete halt, whether it’s the transportation projects involving the intracity water ways, roads, light rails, subways or clean water supply. They successfully manipulated the jealousy in the Punjabis, even though Karachi built whatever smog-infested cities they have, directly through investment in real estate or indirectly through sales and income taxes. What’s even worse is that for 40 years, the Indians didn’t even know they had slums in Mumbai till we decided to do something about ours in Karachi. Many of us still remember that we introduced REITs in 2016, while the US introduced them in the Sensex in 2019.
thumb_up Recommended (0)