Adani Group’s Mumbai slum redevelopment plan to go ahead, after BJP-led alliance wins state elections

Turning INDIA’S LARGEST SLUM

Owner of a leather goods business, Raju Bhoite, worries about the future of his company and fears losing his employment as programs to redevelop Dharavi continue.

” If we are removed from here and moved to some other spot, I’ll lose my ancient property”, he said. &nbsp,

” Individuals know us here. Moving to a different location may require complete reconstruction. It will be very hard”.

Until recently, it was questionable if the Adani Group’s reconstruction ideas may continue. &nbsp,

The state government of Maharashtra approved the American multinational conglomerate’s$ 619 million investment in transforming Dharavi slum into a contemporary urban hub last year.

Opposition social events had threatened to oust programs if they gained power, claiming favoritism because of the close ties between the organization’s leader, Gautam Adani, and Indian Prime Minister Narendra Modi.

But trust for the job revived when the BJP-led Mahayuti social alliance secured a landslide victory in November’s Maharashtra council elections, winning 235 out of 288 tickets.

Adding to the ambitious policy’s ambiguity is Adani’s legitimate difficulties. He is contesting allegations that he agreed to pay American authorities more than US$ 250 million in gifts for renewable energy deals in a lawsuit brought against him in the United States.

However, experts do not believe the group’s latest lawful challenges to hold back restoration plans. &nbsp,

” If they didn’t do the Dharavi restoration, then anyone else can”, said Gulam Zia, senior producer at real estate firm Knight Frank India.

” I’m convinced that whatever is going on, despite those minor difficulties, will result in a positive summary of the Dharavi redevelopment.”