Adani Aims to Transform Famous Mumbai Slum Into Glitzy Hub
- State government recently gave approval to Adani to redevelop
- Slum is close to upmarket district of offices, malls, airport
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Gautam Adani, the Indian tycoon who controls the port-to-power conglomerate, intends to turn Dharavi, one of Asia’s largest slums that sits in the heart of Mumbai, into a modern city hub after his real estate unit received the government’s approval to start redevelopment.
Adani said he intends to “transform Dharavi into a modern city hub,” by supporting small industries and promoting new jobs focused on young people and women, he wrote in a LinkedIn post Thursday. Last week his group won the right to redevelop the area, after posting a bid for 50.7 billion rupees ($618 million) late last year.