Mumbai HC has earlier upheld Adani Group's tender for Dharavi redevelopment, ruling no 'arbitrariness, unreasonableness, or perversity' in the decision.
As the two-decade-old Dharavi redevelopment project stumbles to take off, it has once again become a key bone of contention between Mahayuti & MVA ahead of Maharashtra's assembly polls.
Adani Group plans to convert 240 hectare slum into a modern city hub. Only those who lived in Dharavi before the year 2000 will get free homes in the redevelopment.
Considering politics around the much-delayed project, with Maha assembly polls being around the corner, there’s a chance of the project going back to the drawing board.
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.
Termed as Asia's largest slum, Dharavi is three-quarters the size of New York's Central Park, featured in Danny Boyle's Oscar-winning 2008 movie 'Slumdog Millionaire'.
From Modi's pet project, the Mumbai-Ahmedabad bullet train sanctioned in 2015 to the Dharavi Redevelopment plan stuck for over 15 years, several big projects saw a good push in 2022.
The Eknath Shinde-led govt decided to revive the Dharavi project in September this year, hoping to take it off the drawing board 19 years after it was first conceived.
With Shinde govt initiating revamp effort, potential bidders expressed concerns at meeting earlier this month. Redevelopment authority says project requires ‘out of the box thinking’.
When he was asked why he was so loud in his criticisms of Indian industry when his purpose could be better served by a shrewder approach, he said, “Because I am a Punjabi, not a Marwari”.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
The new engine, set to be developed over the next 10 years, will power the second tranche of Advanced Medium Combat Aircraft. First set will be equipped with GE 414 engines.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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