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Ramesh said the last act of Fadnavis before handing over the housing department was to formally approve the suspicious takeover of the project by the Adani Group. (File: ANI)
The Dharavi project, which is said to have a potential revenue of up to Rs 20,000 crore, involves rebuilding the Dharavi slum in central Mumbai.
Congress on Saturday attacked Prime Minister Narendra Modi over the Maharashtra government’s formal award of the Dharavi redevelopment project to the Adani Group, alleging BJP state governments had been turned into “ATMs for his friends”.
A resolution released Thursday by the Maharashtra government’s Housing Development Department said the outcome of the bidding process was approved by the Cabinet on December 22, 2022, after which the rights were awarded. Adani Properties will be the main partner in the project in which the special purpose vehicle will be formed.
Reacting to the development, Congress General Secretary Jairam Ramesh said the last act of Devendra Fadnavis before handing over the housing department on Friday was to formally approve the Adani Group’s “shady takeover” of the Rs 5,069 crore Dharavi redevelopment project, which includes 600 acres of housing. Main. Mumbai land.
He said the project was originally awarded to a different bidder. “After the original bid was canceled due to a dispute, the Shinde-Fadnavis government performed spectacular acrobatics to change the terms of the bid to ensure that PM Modi’s closest friend is the only possible winner.
“This involved raising the minimum net worth needed to win the bid from Rs 10,000 crore to Rs 20,000 crore to disqualify the previous winner and allow payment in installments that smoothed the path for the cash-strapped Adani group,” Ramesh said.
He also claimed that, despite objections raised by Urban Development Department officers, the government decision notifying TDRs (Transfer of Development Rights) permits to be sold without indexing on prices, in addition to a mandatory 50 percent purchase of TDR. From the Special Purpose Vehicle Dharavi, it will secure ‘unwind’ financing for Adani saving the cash-strapped group from investing any capital in the project.
“This is yet another example of how Prime Minister Modi has turned his state governments into ATMs for his cronies. Even the land and livelihoods of the Mumbai slum dwellers will not be spared from Mudani’s massive scam,” the Congress general secretary said.
The Dharavi project, which is said to have a potential revenue of up to Rs 20,000 crore, involves rebuilding the Dharavi slum in central Mumbai, near the BKC business district.
The project was awarded to Adani Properties in November last year through a competitive bid which also saw major competition from real estate business DLF and Naman Developers. The project, which is expected to bring a windfall to the winning bidder in the sale of square feet residential and commercial space in central Mumbai, has been in limbo for many years. Eight bidders, including entities from South Korea and the United Arab Emirates, attended the pre-bid meeting last October and three of them have already submitted bids for the project.
The state government has sought a minimum consolidated net worth of Rs. 20,000 crore as the qualifying criterion for bidders. The winning bidder shall take care of the rehabilitation, renovation, utilities and infrastructure components.
(This story was not edited by the News18 staff and was published from a syndicated news agency feed – PTI)
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