The state’s housing department said on Friday that Adani group will be the government’s partner for the Dharavi redevelopment project, which involves an investment of at least $3 billion. Mint has reviewed a copy of the letter termed a "government resolution."
The notification marks the first in a series of approvals required for the slum redevelopment project to proceed. It comes following significant political upheaval in Maharashtra, where Nationalist Congress Party (NCP) leader Ajit Pawar has joined the state government, assuming the role of the state’s deputy chief minister and finance minister, after breaking ranks with his uncle Sharad Pawar. However, Adani may get the remaining approvals for the project in another month.
The letter said: "Government’s decision: As the main partner for the implementation of Dharavi Redevelopment Project under Dharavi Notified Area, the maximum bidder is (mainly) Adani Properties Pvt. Ltd. The tender of ₹5,069 crore is being approved for the appointment."
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