Adani Realty, the real estate arm of the ports-to-power conglomerate Adani Group. has won the bid for the ambitious Dharavi redevelopment project that seeks to transform Asia’s second-largest slum cluster.

“The Adani group has quoted Rs 5,069 crore for this project followed by Rs 2,025 crore quoted by the DLF group. There were three bidders in total, however, only Adani and DLF were qualified in the final bidding since the other bidder, Naman Group didn’t qualify,” said SVR Srinivas, Chief Executive Officer of the Dharavi Redevelopment Project.

Adani Realty will get seven years to see the work through, including rehabilitating more than 56,000 families.

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