New Delhi: The results of the Maharashtra Assembly elections were declared on Saturday, in which the Mahayuti alliance has registered a spectacular victory. The return of the Shinde faction to power will have a strong impact on the stock market on Monday, while the Adani Group has got a big relief regarding the $3 billion Dharavi redevelopment project. In fact, with the formation of a BJP-supported government in Maharashtra, the plan to transform Mumbai's Dharavi area into a modern and world-class city can now get full support. Let us tell you that Dharavi is Asia's largest slum area.

Uddhav faction had promised to take back the land

After the formation of the BJP-Shiv Sena coalition government in Maharashtra, the concerns about the future of this project have reduced. The opposition party, especially the Uddhav Thackeray-led Shiv Sena (UBT), had promised that if their government was formed in the state, all the land given to the Adani Group would be taken back and this project would be canceled. But now after this victory, there is news of relief for Adani.

Flats will be given to 7 lakh people

The redevelopment of Dharavi is considered very important for the Adani Group. It is part of the plan to convert 620 acres of land into an urban center. More than seven lakh people will be given 350 square feet of flats for free in this area located near Mumbai's International Airport. These flats will be very important for those who are still facing problems like open sewers and shared toilets in dilapidated slums.

The opposition had raised questions.

Let us tell you that opposition parties have raised questions on this project and alleged that Adani Group has got unfair advantage in government contracts. Congress leader Rahul Gandhi raised this issue and said that the Bharatiya Janata Party and Prime Minister Modi are benefiting their close friend Adani. However, the leaders of the ruling party say that this project is going to become a global model of slum redevelopment. About 10 lakh people live in Dharavi, but under this project, 7 lakh people will be given priority. The rest of the people will be rehabilitated in other parts of the city. Some local people are also opposing this plan, because they believe that this may affect their land and business.