‘Mischievous ploy’: Adani group rejects allegation of favouritism in Maharashtra govt's Dharavi-TDR notification

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₹5,000-crore Dharavi Redevelopment Project (DRP), has denied the allegations of favouritism over the Maharashtra government's latest notification on Transfer of Development Rights (TDR). A section of the state's opposition has accused the government of tweaking the TDR norms to allow the Adani group to maximise its profit. The company, in response to the accusation, called it a “mischievous ploy" at the “behest of certain vested interests".

“The baseless and malicious allegations of 'tweaking' and amendments to suit selected bidders’ do not do justice to the regulatory transparency of the process. Alleging favouritism of any kind is a mischievous ploy to muddy the waters and divert attention from our goal of transformational urban management," a spokesperson of the DRP stated. Also Read: Dharavi: Adani aims to transform Mumbai slum into modern city hub The allegation was levelled a day earlier by Congress' MLA from Dharavi, Varsha Gaikwad.

She claimed that the government has revised the norms to allow the use of TDR without indexation, and has inserted a rule that 40 percent of the TDR is required to be bought from the DRP, which has been awarded to the Adani group. At present, only 10 percent of TDR generated in a project is allowed to be used in plush real estate markets of South Mumbai. The government has now removed the indexation, which allows an equal quantum of TDR to be used in other projects, The Hindustan Times reported on November 17.

“This corrupt government just gave PM Modi’s closest friend Gautam Adani a Diwali gift. The Shinde government has gifted Mumbai’s real estate market to Adani’s conglomerate. The notification proposes mandatory for all real estate constructions in Mumbai (where TDR is admissible)