Located in Central Mumbai, the sprawling slum is home to 1 million people and a hub for several small-scale, unorganised industries that manufacture medicines, leather, footwear and clothes. After several abortive attempts in the past, Dharavi, spread over 300 acres, is now set for redevelopment
Three companies, Adani Realty, DLF and Naman Group, have submitted bids for the over Rs 20,000 crore Dharavi redevelopment and rehabilitation project, which may finally take off after several failed attempts over the last 15 years or so. Dharavi, in Mumbai, is one of Asia’s biggest slum clusters. Governments in Maharashtra have made at least four abortive attempts to get the project up and running in the last decade and a half, floating bids for the redevelopment.
https://www.moneycontrol.com/news/business/real-estate/mc-explainer-how-dharavi-one-of-asias-largest-slum-clusters-will-get-a-makeover-9572611.html
Source: Money Control
