Dharavi redevelopment project at standstill yet again
Real Estate

Dharavi redevelopment project at standstill yet again

The Dharavi redevelopment project has finally taken off after a delay of 14 years. Unfortunately, the ambitious project has yet again stumbled upon another hurdle. The winning bidder of Dharavi redevelopment project, Dubai-based Seclink Group, has reportedly threatened to go to the court over delays in project allocation. 

Things were going well for the Rs 260-billion project after the Maharashtra Government had declared Dubai-based Seclink Group as the winning bidder, of which Adani group was the runner-up for the bidding.

The winner was announced. However, weeks later the state government did not award the contract to the winning Seclink Group. Rattled by the delay, the Dubai-based group has alleged that the government is deliberately delaying awarding the project, just to put pressure on the group and to favour the competing Adani Group.

The company is reportedly planning to move the court as the Letter of Award (LOA) for Dharavi redevelopment project, which has been delayed without assigning reasons when they have acknowledged that Seclink has complied with technical and financial closure.

Reports suggest that the state government wants the company to collaborate with Indian companies as the project is too complex and this litigation would further delay the process and confirms that they delays are due to technical reasons. 

The Dharavi redevelopment project is set to be a joint venture between the state government and private developers. While the winning bidder will set up an SPV with 80 per cent equity, the government will hold 20 per cent equity. The project had received only two bids; one from Adani and another from Seclink Group. 

The Dharavi redevelopment project has finally taken off after a delay of 14 years. Unfortunately, the ambitious project has yet again stumbled upon another hurdle. The winning bidder of Dharavi redevelopment project, Dubai-based Seclink Group, has reportedly threatened to go to the court over delays in project allocation. Things were going well for the Rs 260-billion project after the Maharashtra Government had declared Dubai-based Seclink Group as the winning bidder, of which Adani group was the runner-up for the bidding.The winner was announced. However, weeks later the state government did not award the contract to the winning Seclink Group. Rattled by the delay, the Dubai-based group has alleged that the government is deliberately delaying awarding the project, just to put pressure on the group and to favour the competing Adani Group.The company is reportedly planning to move the court as the Letter of Award (LOA) for Dharavi redevelopment project, which has been delayed without assigning reasons when they have acknowledged that Seclink has complied with technical and financial closure.Reports suggest that the state government wants the company to collaborate with Indian companies as the project is too complex and this litigation would further delay the process and confirms that they delays are due to technical reasons. The Dharavi redevelopment project is set to be a joint venture between the state government and private developers. While the winning bidder will set up an SPV with 80 per cent equity, the government will hold 20 per cent equity. The project had received only two bids; one from Adani and another from Seclink Group. 

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?