The Adani group is considering infusing at least 12,000 crore of funds to start the redevelopment work at Mumbai's Dharavi, Asia's largest slum, two people directly aware of the development said.
On July 14, the Maharashtra government approved the Adani group to redevelop the crowded Dharavi slum-a complex 590acre cluster of irregular structures, rickety tenements and decrepit buildings sheltering over 900,000 citizens and hundreds of small commercial setups.
A special purpose vehicle (SPV), 80% owned by the Adani group and the rest by the Maharashtra government, was formed in September, following which discussions internally and with the state authorities, including the Mumbai Metropolitan Region Development Authority (MMRDA), have been initiated for the $1.5 billion (nearly 12,500 crore) investment, according to the people cited above.
This story is from the November 07, 2023 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 07, 2023 edition of Hindustan Times.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The King and his kingdom
The Norwegian has been the biggest force in the chess world for over a decade; though Gukesh could run him close in the future, he remains the player to beat
Yale is set to offer a course on Beyoncé and her legacy
Get in formation, Beyoncé fans! Queen Bey is heading to Yale University—well, sort of. Next year, the Ivy League school is launching a course that dives deep into the cultural legacy of pop icon Beyoncé, the most Grammy-nominated artist ever with 99 nods.
Cutting production costs a collective responsibility: Aanand L Rai
Filmmaker Aanand L Rai, in a career spanning close to two decades, has directed films such as Zero (2018) and Atrangi Re (2021), which featured big names like Shah Rukh Khan and Akshay Kumar, respectively.
RAIMA SEN DREAMS OF REMAKING GRANDMUM'S DEEP JWELE JAAI
The actor tells us about Bengali cinema's growth and wanting to remake Suchitra Sen's film
Aitraaz 2 is in the making: Subhash Ghai confirms
On Tuesday, Aitraaz, starring Akshay Kumar, Priyanka Chopra and Kareena Kapoor Khan, clocked in 20 years. On reaching out to Subhash Ghai to talk about the milestone, the filmmaker gives us an exclusive big update —
Avneet Kaur's Mission Possible! Meets Tom Cruise on MI sets
Actor Avneet Kaur left everyone surprised after she met Hollywood actor Tom Cruise on the sets of his upcoming film Mission: Impossible – The Final Reckoning.
Jurel lifts bleak batting mood ahead of Oz Tests
The 'keeper's fine fifties for India A at the MCG puts him in contention with many specialist batters struggling
Jurel lifts bleak batting mood ahead of Oz Tests
The keeper’s fine fifties for India A at the MCG puts him in contention with many specialist batters struggling
PCB SEEKS ICC’S CLARIFICATION ON INDIA’S REFUSAL TO TRAVEL TO PAK FOR CT 2025
Responding to a letter from the International Cricket Council (ICC) on India's refusal to travel to Pakistan for the 2025 ODI Champions Trophy, the Pakistan Cricket Board (PCB) has written back seeking more clarification on the matter.
Rupali sends defamation notice to stepdaughter Esha
In the latest twist in the controversy between actor Rupali Ganguly and her stepdaughter Esha Verma, we have learnt that Rupali has sent a defamation notice to Esha.
