Govt formally awards Dharavi project to Adani Group firm

18 Jul 2023 CW Team

The 259-hectare Dharavi site has been officially given by the Maharashtra government. Project of redevelopment for an Adani Group company.

The project entails rehabilitating the sprawling Dharavi slum neighborhood in central Mumbai, which is close to the BKC commercial zone, and is said to have a revenue potential of $200 million. Adani Properties got it in November of last year after fighting against other prominent real estate players including DLF and Naman Developers.

According to a government resolution (order) issued by the Housing Development department on Thursday, the state cabinet accepted the results of the bidding procedure on December 22, 2022, and the rights are now being granted as a result.

Infrastructure Transport

23 May 2025

3,827 Hectares Acquired for Industrial Corridors Along Expressways

The Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) has acquired 3,827 hectares of land across twelve districts for industrial corridors along the Ganga, Bundelkhand, Agra-Lucknow, Purvanchal, and Gorakhpur Link Expressways. This accounts for about seventy per cent of the approved land. The government has invested over Rs 55 billion in acquisition, including stamp duty and registration charges.The project aims to promote warehousing, logistics, electronics, food processing, pharmaceuticals, and information technology industries. These corridors are expected to play a crucia..

Infrastructure Urban

23 May 2025

India Emerges as Largest Market for Electric Three-Wheelers in 2024

India retained its position as the largest global market for electric three-wheelers (3Ws) in 2024, with sales rising by twenty per cent to approximately seven hundred thousand units, according to the International Energy Agency鈥檚 Global EV Outlook 2025.Despite a five per cent contraction in the overall global three-wheeler market, electric 3W sales surged over ten per cent worldwide, crossing one million units. India and China accounted for over ninety per cent of global electric 3W sales, with India leading at fifty-seven per cent electric share, up from fifty-four per cent the previous ye..

Infrastructure Urban

23 May 2025

Folks Motor Secures Rs one Billion for EV Fund Targeting Rs five Billion

Folks Motor, a leading player in India鈥檚 xEV retrofit industry, has secured Rs one billion in the first close of its 鈥淔olks Funds,鈥� an Alternative Investment Fund (AIF) Category II with a target corpus of Rs five billion. The fund aims to strengthen India鈥檚 electric vehicle (EV) supply chain and enhance local manufacturing, targeting full funding by the end of 2025.A significant portion will be invested in 鈥淭he Blue IP,鈥� India鈥檚 first xEV-focused industrial park in Sonipat, Haryana, providing warehousing and infrastructure for manufacturing and logistics. Strategic investments wi..