Adani imbroglio: MVA, locals worry over fate of mega Dharavi revamp project

Mumbai: As the Adani Group battles its current crisis on multiple fronts, the Maharashtra Congress, Shiv Sena (UBT) and residents of Dharavi on Thursday raised questions over the fate of the ambitious redevelopment project for Asia’s biggest slum.
In end-November 2022, the state government had finalised Adani Properties Ltd.’s bid to invest Rs 5,069 crore in the Dharavi redevelopment mega project.
At that time, the Metropolitan Commissioner of Mumbai Metropolitan Region Development Authority (MMRDA), S.V.R. Srinivas, had said that the proposal would be sent for the state government’s approval, a special purpose vehicle would be formed, and if all goes well, “the project shall kick-start by February 2023”.
When his reactions were sought again on Thursday, Srinivas said that he would not like to comment on the matter right now, “maybe after 2-3 days”.
However, state Congress General Secretary Sachin Sawant feels that all is not well considering the nosediving of Adani Group shares and its probable cascading effect on the Indian economy.
“The Maharashtra government must clarify its stand on the Dharavi redevelopment project. Will it allow the fate of lakhs of people to be connected to a company whose fate itself seems to be in jeopardy,” Sawant asked.