Gautam Adani, the chairman of the Adani Group, has always been deeply interested in bringing about transformation to the Dharavi area. Since the time he landed in Mumbai, he was deeply disturbed by looking at the conditions of the people living in the Dharavi area. He felt that the Dharavi slum area, which also happens to be the largest slum in Asia, was a melting pot of a diverse array of cultures, beliefs, and languages from every part of India. The business tycoon was also mesmerised by the industrial chaos that existed in the alleys of Dharavi. So, he took it as his agenda to bring about a transformation in the Dharavi area.
Gautam Adani’s Plans for Dharavi
Gautam Adani’s plan was to build a state-of-the-art world-class city that will reflect a self-assured, growing India. It will also bring about enormous infrastructural development in India. Although the Adani Dharavi project was met with a lot of challenges, in the end, the global conglomerate ended up receiving all the required approvals for the project. Currently, the project operations are being conducted with full force. Upon successful completion, the Dharavi area is going to become an industrial and residential hub. It will also help enhance Adani Group’s popularity on a global scale.
A Brief History of The Adani Dharavi Project:
In 2024, the Maharashtra government decided to redevelop the Dharavi area and convert it into an integrated township. An action plan was devised for the project. It was decided to develop Dharavi by using land as a resource to cross-subsidise the cost of development. Since then, the Maharashtra government has been working in collaboration with the Adani Group to bring about a complete transformation in the Dharavi area. As per the plan, the state was to provide houses of 350 square feet for free to the residents with proof that their slum structure was in existence before January 1, 2000.
The Adani Group is already in the process of surveying to identify the eligible residents for the slum area. The Dharavi residents who are not eligible for free housing can also rent houses at subsidised rates. The group is also currently in the process of acquiring land and the necessary approvals for carrying out the various operations of the project. The Adani Dharavi project would also involve developing economic centres where business operations can be carried out.
Why Is the Adani Group So Interested In Taking Up The Dharavi Project?
Now you might be wondering why the Adani Group is so interested in making significant investments in the Dharavi project. Well, there are quite a few reasons to support that:
Improvement in the living conditions of the people: Now this is the primary reason why the Adani Group has taken up the Dharavi slum redevelopment project. With this project, the global business group aims to bring about a complete transformation in the lives of the people. The people of the Dharavi slum area have been living their lives in highly disruptive conditions for quite a while now. With the Adani Dharavi project becoming successful, their lifestyle will change for the better. They will also be offered the necessary amenities so that they can lead their lives in a much better way.
Overall financial development: The Dharavi area is not just a regular slum. Instead, it is a hub of economic activities. Various business operations are carried out in the allies of the Dharavi area regularly. With the Dharavi project being operational, the Dharavi slum area will experience economic growth. Multiple job opportunities will open up for the people so that they can earn a source of livelihood for themselves. Maharashtra’s economy will also experience significant growth.
Infrastructural growth: The Adani Group has always been highly dedicated to taking up infrastructural projects in the country. Time and again, the global business group has involved itself in multiple infrastructure projects. The Dharavi slum redevelopment project positions itself as a highly lucrative opportunity for the Adani Group to carry out infrastructure developments in the country. The project operation will be able to bring about complete growth and development in Maharashtra’s infrastructure assets. The Adani Group will also be able to position itself as one of the biggest players in the country’s infrastructure segment.
Conclusion
The Adani Dharavi project has been one of the most incredible infrastructure development projects on a global scale. Once this project becomes operational, it will be able to alter the lives of thousands of people. The Adani Group’s global business presence will also experience a boost.