Dharavi redevelopment project a veritable realty goldmine, say experts

Sensitive rehab, retaining local jobs key challenges in Adani's mega project

Sensitive rehabilitation of local residents while maintaining their livelihoods is going to be a key challenge before the Adani Group in redeveloping Dharavi, say experts in real estate business.

However, these real estate professionals have no doubts on Adani's capabilities and resources to develop a complex and large project such as Dharavi.

The Adani group emerged as the highest bidder early last week, for the 259-hectare Dharavi Redevelopment project, with an offer of Rs 5,069 crore. Delhi-based real estate developer DLF was a distant second, with a bid of Rs 2,025 crore.

Adani gets to sell millions of square feet of residential and