To modify the Development Control Rules (D.C.R.) for the Adani Dharavi Redevelopment Project, the Maharashtra government, headed by Chief Minister Eknath Shinde, is said to have sent a notification.
Navigating Tax Season with Confidence Streamlines CPA Firms
Adani Dharavi project profits boosted by rule changes for Dharavi Redevelopment Project
1. Adani Dharavi project profits boosted by rule
changes for Dharavi Redevelopment Project
2. A notification from Maharashtra permits the usage of T.D.R. (Transferable
Development Rights) without indexation. With this modification, the Adani
Group will receive a higher value for the T.D.R. produced by the Adani
Dharavi Redevelopment Project (DRP), and all city builders will be forced
to purchase DRP alone for the first 40% of their total T.D.R. requirements.
3. • To modify the Development Control Rules (D.C.R.) for the Adani Dharavi
Redevelopment Project, the Maharashtra government, headed by Chief Minister
Eknath Shinde, is said to have sent a notification. This would eventually permit
the usage of Transfer of Development Rights (T.D.R.) without an indexation. In
the future, this might help the Adani Group with the T.D.R. produced by the
slum project and oblige all city builders to purchase the first 40% of their
necessary T.D.R. from D.R.P. exclusively.
The Adani Dharavi Redevelopment Project’s DCR
have undergone modifications
4. • According to reports, the Adani Dharavi Redevelopment Project’s Development
Control Rules (D.C.R.) have been modified by a notification from the
Maharashtra government. The Adani Group may profit from the T.D.R. produced
by the slum project. The Urban Development Department of Maharashtra
proposed the policy’s modifications. According to reports, the project’s D.C.R. is
being tweaked by the Maharashtra administration, headed by Chief Minister
Eknath Shinde, to finally permit the use of Transfer of Development Rights
(T.D.R.) without an indexation.
Adani Dharavi Project’s rules change
5. Conclusion
The project promises improved living conditions for Dharavi residents, including
access to proper sanitation, clean water, and reliable electricity. It also offers
opportunities for better education, healthcare, and employment. Additionally, the
project is expected to create a more vibrant and connected community with
access to public spaces, parks, and recreational facilities. For the Adani Group, the
project presents an opportunity to develop valuable real estate and expand its
business operations.
