Latest news with #DharaviRedevelopmentProject
Time of India
4 days ago
- Business
- Time of India
Our most transformative project is unfolding in Dharavi, says Gautam Adani, ET Infra
Advt Advt Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. Get updates on your preferred social platform Follow us for the latest news, insider access to events and more. As the Adani Group attempts to build on the existing characteristics of Dharavi, create a world-class district for Dharavikars and reimagine a new heart for Mumbai, Group Chairman Gautam Adani said on Tuesday that their most transformative project is unfolding in Dharavi Redevelopment Project (DRP) is a unique opportunity to transform the lives and 'live-work' conditions of Dharavikars, aiming for a higher quality of life with great infrastructure and public amenities."Asia's largest slum is now being reimagined as India's most ambitious urban rehabilitation project ," said Gautam Adani while addressing the 33rd Annual General Meeting (AGM) of Adani Enterprises Ltd (AEL)."Our Dharavi Social Mission is uplifting youth through skilling, healthcare and employment programs. And over one million people will move from narrow lanes to a township that will feature spacious layouts, dual toilets, open spaces, schools, hospitals, transit hubs and parks," he Dharavi Master Plan is built on the foundation of three guiding principles: driving economic change through redevelopment, building resilient ecology and infrastructure, and fostering an equitable an interconnected network of green and public spaces -- ranging from large city parks to smaller community playgrounds -- will ensure that every resident has access to vibrant, walkable open areas. This network will strengthen ecological resilience and enhance everyday quality of life in Dharavi.A large active public open space is planned in the centre of Dharavi that will not only serve the recreation needs of the residents but also of Mumbai city at large, where Dharavi and Mumbai residents can come together for celebrations and will be transformed into a highly transit-oriented development with seamless multi-modal connectivity, including a new metro corridor through its core. Bus feeder systems, dedicated infrastructure for non-motorised transport, and a fine-grain street network will enhance last-mile connectivity and promote walkability across all the heart of Dharavi, a Multi-Modal Transit Hub ( MMTH ) is planned around the fact that it would have the first-ever facility where inter-city, intra-city, suburban, Metro, High-Speed, and Airport express trains could be accessed besides city bus and other city transport -- all at one location.
Time of India
4 days ago
- Business
- Time of India
First list of Dharavi eligible slum households released
Mumbai: The first list of slum households (annexure-II) eligible for housing has been released by the Dharavi Redevelopment Project (DRP). The list for 505 structures of Meghwadi and Ganesh Nagar, slums on the railway land at Mahim, was uploaded on the agency's website on Monday. Tired of too many ads? go ad free now Those eligible for free housing in Dharavi will get a 350sq ft tenement, and those post-2000 will get a 300sq ft tenement outside Dharavi, either on the salt pan lands in the eastern suburbs, the Kurla Dairy land, or at Aksa in Malad. DRP, a govt agency, is part of the Navbharat Mega Developers Pvt Ltd (NMDPL), the special purpose vehicle executing the Dharavi slum redevelopment project. Its CEO is the chairman of NMDPL. The DRP/SRA, which is in charge of the survey of slum structures and determining eligibility, has numbered over one lakh structures, and over 80,000 slum households have submitted documents for verification. Sources said the two slums are in sector 6 of the Dharavi Notified Area, and it is the first draft annexure-II that has been released by DRP. The occupants are eligible for housing in various categories. Out of the 505 tenements surveyed here, 101 are pre-2000 structures, and the occupants are eligible for in-situ rehabilitation with free housing. Another 56 tenements will be deemed eligible for in-situ rehabilitation after they pay Rs 40,000 as a transfer fee for ownership. These occupants purchased the pre-2000 slum structure from the previous occupants. Occupants of 13 tenements settled in Dharavi post-January 1, 2000, and prior to January 1, 2011. They will be eligible for subsidised housing outside Dharavi on payment of Rs 2.5 lakh. Another 59 tenements are eligible for the affordable rental housing scheme outside Dharavi. Tired of too many ads? go ad free now These include the upper floor tenements constructed up to November 15, 2022, and ground floor tenements built between January 1, 2011, and November 15, 2022. Besides these, occupants of 238 tenements have not submitted all the requisite documents to establish their eligibility for housing under the various schemes. Sources said if the households failed to make the submission by July 5, they would not make it to the final annexure-II list. Activist Raju Korde, founder-member of Dharavi Bachao Andolan, said that from the list it is clear that nearly 75% of the residents will be relocated outside Dharavi. "The govt's agenda to throw Dharavikars out of Dharavi is exposed with this list," he said. S V R Srinivas, CEO of DRP and chairman of NMDPL, said the agency is trying to speed up the process, though verification from different agencies is pending.
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Business Standard
5 days ago
- Business
- Business Standard
Adani Group logs 7% FY25 growth, sets $20 bn capex target for 5 years
Adani Group Chairman Gautam Adani on Tuesday announced robust financials and landmark achievements across verticals during the group's Annual General Meeting for FY25. He reported a 7 per cent rise in consolidated revenues to ₹2,71,664 crore and an 8.2 per cent increase in adjusted Ebitda to ₹89,806 crore, with a healthy net debt-to-Ebitda ratio of 2.6x. 'Even in a year of turbulence, we saw record-breaking revenue, unprecedented growth, and historic profitability,' said Adani, addressing shareholders. 'Across all our sectors, we did more than just scale. We created impact, inspired change, and, most importantly, deepened our national commitment.' Powering growth across sectors Adani Power crossed the milestone of generating over 100 billion units of electricity — a feat unmatched by any private sector company in India. The company is on track to achieve 31 GW of capacity by 2030. Adani Green Energy, meanwhile, is building the world's largest renewable energy park in Khavda, Gujarat, visible even from space. 'From Khavda to the world, our target of 50 GW by 2030 is proof that scale and sustainability can coexist,' Adani said. By combining thermal, renewable, and pumped hydro capacities, Adani Green aims for 100 GW by the end of the decade. Adani Energy Solutions has secured ₹44,000 crore worth of transmission orders, while Adani New Industries is expanding solar module production to establish a 10 GW integrated facility by next year. Adani Ports handled a record 450 million metric tonnes (MMT) of cargo in FY25, with Adani calling it 'the beating heart of India's trade.' ALSO READ | Push for cement, greenfield airport Adani Airports served a record 94 million passengers in FY25 and conducted a successful test flight at the upcoming Navi Mumbai Airport, expected to open later this year. Once fully operational, the airport will handle 90 million passengers annually, boosting Adani's share in India's airport traffic to 35 per cent. In defence, Adani's drones were deployed in Operation Sindoor, while its anti-drone systems helped protect citizens and security forces. Adani Total Gas expanded its reach to one million PNG customers and installed 3,400 EV charging stations across 22 states. Mumbai's Dharavi transformation Calling it the group's most transformative venture, Adani spoke at length about the Dharavi Redevelopment Project, aimed at revamping Asia's largest slum. 'Over one million people will move from narrow lanes to a township that features spacious layouts, dual toilets, open spaces, schools, hospitals, transit hubs, and parks,' he said. The project is part of the group's broader social mission. 'Exactly three years ago, on my 60th birthday, my family pledged ₹60,000 crore to redefine healthcare, education, and skill development in India,' he said. This includes setting up Adani Healthcare Temples — 1,000-bed world-class medical campuses in Ahmedabad and Mumbai, in partnership with Mayo Clinic. The group is also building a ₹2,000 crore world-class skill university in Mundra, in collaboration with global partners like ITE Education Services Singapore and Indo German Chamber of Commerce. Standing strong amid scrutiny Gautam Adani also addressed the controversies surrounding Adani Green Energy, noting that despite investigations by the US Department of Justice and SEC, 'no one from the Adani Group has been charged with violating the FCPA or conspiring to obstruct justice.' 'We live in a world where negativity often echoes louder than the truth,' he said. 'But our governance is of global standards, and our compliance frameworks are non-negotiable.' He reiterated the group's resilience: 'True leadership is not built in sunshine. It is constructed in the fire of crisis.' India at the centre of global change Reflecting on the broader geopolitical and economic landscape, Adani said, 'Over 60 nations went to polls. Borders were redrawn, alliances tested, economies shaken. Yet India stood apart, growing faster than any major nation.' He further credited the Indian government at both central and state levels for laying the foundation for what he called 'a truly historic transformation.' Adani's next five year plan Charting the road ahead, Adani revealed a bold capital expenditure plan of $15–20 billion annually over the next five years. 'These are not just investments in our group, but investments in the possibilities for doing our part to build India's infrastructure,' he said. Closing his address with a personal note, Adani recalled his mother's words: 'History does not remember sailors who sailed in still waters – it remembers those who fought the wildest storms and yet returned home.' 'And my dear shareholders, that is exactly what we have done,' he said.
Hindustan Times
5 days ago
- Business
- Hindustan Times
Only 16% tenements of first Dharavi survey eligible for new houses
MUMBAI: Nearly a month after chief minister Devendra Fadnavis approved the master plan for Dharavi's redevelopment, the first list of residents eligible for new homes was revealed to Dharavikars residing in Meghwadi recently. Residents of only 16% tenements are eligible. Only 16% tenements of first Dharavi survey eligible for new houses To be sure, Meghwadi is only a small part of Dharavi. Residents of 505 ground-plus-one- or two-storeyed tin-roofed houses, from this small pocket, have made it to the list of eligible and ineligible for new houses once the slum gets a face-lift. The list, first of many to come, was declared by the Dharavi Redevelopment Project (DRP), in-charge of redeveloping the area, and the Slum Rehabilitation Authority (SRA), which is assisting DRP. The eligible will get 350 square feet homes, complete with amenities, in their own neighbourhood. In a bid to accelerate in-situ rehabilitation, the government is finalising land at the Deonar dumping ground, Aksa, Mulund and salt pans in Bhandup and Kanjurmarg, and the Kurla dairy land, to house the ineligible residents. The residents from Meghwadi, who are small business owners, consented to the surveys in May 2024, as a part of the ₹ 95,790-crore DRP. Out of 505 tenements, only those residing in 81 were found to be eligible. Those categorised as ineligible need to justify their eligibility by furnishing legitimate documents by July 5. When HT questioned an officer at DRP to explain the classification of the categories, he said, 'We are looking at multiple documents before deciding who belongs to what category'. 'The slightest question of eligibility translates into a chunk of people being pushed out of Dharavi,' said Bipin Padya, a retired small business owner. 'In our first meetings we were told that the residents will get a place on the Railway land in Matunga and Mahim where construction is underway. And now, those like us, who have lived here for three generations, are ineligible.' Padaya and other similarly affected residents of Meghwadi met officers from the deputy collector's office on Monday seeking their intervention and their wish to understand the rationale behind the categories. Residents were earlier asked to furnish copies of their BEST electricity connection, Aadhaar card, property documents etc to establish their rights as homeowners. Many were unable to furnish sufficient documents, an officer who is in the know, told HT. Karunanidhi, another resident, said, 'A majority of us will be ousted from Dharavi.' 'We will talk to other residents and decide on our future course of action tomorrow (June 24),' said another resident. A senior DRP official told HT that surveys of just over 1.01 lakh tenements have been completed of which around 87,000 have submitted their documents, which are in the process of being checked. Officials said, Dharavi has around 1.25 lakh tenements. According to the master plan 58,532 are expected to be rehabilitated in Dharavi.
Indian Express
5 days ago
- Business
- Indian Express
BMC extends tender deadline second time in a month to clear Deonar dumpsite
For the second time this month, the Brihanmumbai Municipal Corporation (BMC) has extended the deadline of its ambitious Rs 2,368 crore tender which was floated for appointing a contractor to remove solid waste that are currently lying untreated at the Deonar dumpsite through the scientific method of bio-remediation within three years. The Deonar dumpsite is one of the sites that have been selected by the state government for constructing housing tenements for the Dharavi Redevelopment Project (DRP)–a venture steered by the Adani group and Maharashtra government's Slum Rehabilitation Authority (SRA). The tender was floated on May 14, and the initial deadline was set up at June 3, which was later revised to June 23. Meanwhile, the new deadline stands at July 1. A total of 21 bidders have shown interest in the project. However, till date BMC officials said that no formal bid was submitted by any of the 21 interested parties that had evinced interest in the project. Civic officials said that the primary reason behind the extension is mainly due to the queries that are being submitted by bidders. 'Just because 21 firms have shown interest doesn't mean that all of them will submit their bids and unless we get an adequate number of bidders to submit their bids the deadline will be extended because we want to have competitive pricing,' the official added. At present, the Deonar dumpsite houses 1.85 crore metric tonnes (MT) of legacy waste which are stacked on piles forming large mounds rising upto a height of 40 metres. In its tender document, the BMC has maintained that a total 271-acre portion of the larger 311-acre dumpsite will be cleared. 'The queries raised by officials were mainly related to logistical challenges. A large number of them shared their concern about how such a large pile of legacy waste could be cleared within a three-year period especially because in Mumbai monsoon is there for four months. So, the contractor will lose 12-months within the total 36-month contract since this process can't be executed during the rainy season. So technically, the appointed contractor will get a 24-month window to complete the work,' a civic official told the Indian Express. The officials said that all the contractors who have submitted queries are Indian firms associated with solid waste management (SWM). Some of these firms are based out of Telangana, Tamil Nadu, Madhya Pradesh and Maharashtra. The BMC's move of floating a tender to clear the dumpsite also came seven months after the state government in October last year earmarked 124-acre of the Deonar dumpsite for constructing housing tenements for the DRP which is being executed by a special purpose vehicle–Navbharat Mega Developers Private Limited (NMDPL)–where the Adani Properties Private Limited (APPL) holds 80% of the stake, while the remaining 20% is with SRA.
