Indian billionaire Gautam Adani s property unit has formed a joint venture with Mumbai s slum rehabilitation authority to redevelop the Dharavi, one of Asia s largest slums. The formation of the entity, Dharavi Redevelopment Project Pvt Ltd, is a critical step as Adani faces a legal challenge from a rival bidder, SecLink Technologies Corporation. The next step will be the submission of a master plan by the Adani group, which won the Dharavi rebuilding project in July for $610 million.
Indian billionaire Gautam Adani s property unit has formed a joint venture with Mumbai s slum rehabilitation authority to redevelop the Dharavi, a key step towards rebuilding one of Asia s biggest.
Adani Forms JV To Redevelop Dharavi Slum businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.
Indian billionaire Gautam Adani s plan to redevelop Mumbai s Dharavi slum sparks concerns over his ability to deliver amid financial setbacks and allegations of favourable treatment.