Mumbai: Adani Navbharat Developers Pvt Ltd (ANDPL) formally launched the construction of rehab towers under Dharavi Redevelopment Project on Monday. ANDPL is the special purpose vehicle set up to execute Dharavi Redevelopment Project. While Adani Realty is the main developer, Dharavi Redevelopment Project and Slum Rehabilitation Authority are a part of the SPV with 20% equity.Adani Enterprises Limited (AEL) director Pranav Adani performed the bhoomipoojan at the 22-acre Matunga railway site.An Adani Group press release stated the development at Matunga will feature 10 towers comprising 10,432 rehabilitation apartments alongside 1,379 commercial and industrial units. CM Devendra Fadnavis has announced that 10,000 rehab flats will be ready by January 2029.“Eligible residents will receive a 350 sq ft carpet flat under the in-situ rehabilitation scheme,” said Adani.While earlier residents had been promised a key to key rehabilitation to be moved from the slum straight into the rehab flat, slum dwellers are now being shifted into temporary tenements or evicted and being provided rent for temporary accommodation outside the slum. The rehabilitation component is to be completed in seven years.
