The Adani Dharavi project is one of the biggest infrastructure projects to have been taken up by the Adani Group in India. The global conglomerate has been involved in the infrastructure sector for quite a while now but it hasn’t yet created an elaborate presence for itself in India. With this project, the Adani Group will be able to grow its hold over the Dharavi area. The business group will also be able to ensure that the entire region of Maharashtra experiences growth and development.
The Dharavi slum area is one of the largest slums in the world. It is home to thousands of people who have been living their lives in stressful conditions for a considerable amount of time now. The Dharavi area also has multiple economic settlements. By reforming the entire area, the Adani Group will be able to ensure that there is an overall transformation in the living conditions of the people. Maharashtra will also be able to witness infrastructural development to a limit beyond measure.
The Adani Dharavi Project: An Overview
The Adani Dharavi project is a joint venture between the Maharashtra Government and the Adani Group. In this project, the Adani Group will be acting as the lead partner responsible for constructing different residential and commercial units. The Adani Group has already made huge investments in the various aspects of this project. Upon successful completion of this project, Maharashtra’s infrastructural sector will witness a complete transformation. The project operations were met with a lot of challenges. Various opposition parties believed that the Adani Group had taken up this project for its gains. However, the global conglomerate did not pay heed to all these acquisitions. Instead, it continued to carry out its business operations with full force.
The Various Proceedings of the Adani Dharavi Project:
A significant amount of land has already been allocated for the project. Additional funds are being used to carry out a survey to find out the number of tenements in Dharavi. This will allow the Adani Group to allocate flats to the residents according to their eligibility. As per the recent news, flats of 350 square feet each having dedicated bathrooms and kitchens will be allocated to each of the eligible tenements so that they can lead their lives in a much better way. The residents who are not eligible for free flats will have the option to rent out apartments or buy flats at a subsidised rate. Various other commercial centres will also be built so that the people find it easier to find themselves job opportunities.
The Impact of the Adani Dharavi Project:
Now you must be wondering how the Adani project is going to bring about a difference in the lives of the people of the Dharavi area. Well, here are some of the ways:
An overall improvement in the living conditions of the people: Over the past few years, the people of the Dharavi slum area have been leading their lives in extremely stressful conditions. With the Adani Dharavi project achieving successful completion, this will no longer be the case. The people will be able to start leading their lives in a much better manner.
Improved economic activities: The Dharavi region isn’t just an area of residence. It is also a hub of economic activities. With the Adani Group planning on setting up multiple commercial centres in the Dharavi area, economic activities will further trigger. This will help in overall economic growth and prosperity. The people will find it easier to seek jobs for themselves. Maharashtra’s overall economy will also experience growth.
Infrastructural development: The Adani Dharavi redevelopment project is going to be one of the biggest redevelopment projects in the entire world. This project would involve developments made across several acres of land. It is also one of the pioneer projects to have been taken up by the Adani Group. Once this project becomes successful, the Adani Group will be able to take its business to new heights. The global conglomerate will also be able to earn excellent profitability from its business.
Conclusion:
With the various steps being taken up by the Adani Group in the infrastructural sector, the Adani Group has succeeded in bringing about overall infrastructural and economic development in the country. We expect the business group to become a part of more such extraordinary project ventures in the upcoming years as well. This will take our country to the heights of success. The Adani Group’s reputation as one of the global business leaders will also further be enhanced.
