Moneycontrol PRO
HomeNewsBusinessReal EstateDharavi redevelopment: Allegations of wrongdoing are baseless and malicious: Adani Group

Dharavi redevelopment: Allegations of wrongdoing are baseless and malicious: Adani Group

Congress, on November 17, had accused the BJP of relaxing norms for the Dharavi Redevelopment Project to benefit the Adani group

November 18, 2023 / 15:37 IST
Dharavi

Amid allegations of wrongdoing in the Dharavi Redevelopment Project (DRP), Dharavi Redevelopment Project Private Limited (DRPPL), in which Adani Group has a stake, said on November 18 that the allegations are baseless and malicious.

The company said the allegations of 'tweaking' and amendments to suit selected bidders do not do justice to the regulatory transparency of the process.

Alleging favouritism of any kind is a mischievous ploy to muddy the waters and divert attention from our goal of transformational urban management, DRPPL said in the statement.

It is unfortunate that some people are attempting to manufacture a controversy around Transferrable Development Rights (TDR) generation from the Dharavi Redevelopment Project," the statement reads.

"We believe this is being done at the deliberate behest of certain vested interests who hope to derail or, at least delay, the long-cherished dreams of Dharavi’s people for a better future," the statement added.

On November 17, the Congress party accused the BJP of relaxing norms for the DRP in Mumbai to benefit the Adani group.

However, DRPPL has said that the notification of TDR sales generated from the Dharavi redevelopment was done prior to the issuance of the 2022 tender, which was won through open and fair competition.

"In the present, all that the government is doing is currently notifying this as a due process. In fact, the GR issued before the onset of the 2018 tendering process had a provision for the sale of TDR generated from the DRP across Mumbai," the statement added.

Moneycontrol News
first published: Nov 18, 2023 03:37 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
CloseOutskill Genai