Adanis Stick With Slum Revamp Plan Even as Dharavi Project Becomes Political Hot Potato
- Mumbai’s famous Dharavi slums are home to about 1 million
- Opposition party wants to scrap the project if voted to power
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The Adani Group is confident of meeting the seven-year deadline to revamp one of Asia’s biggest slums despite a threat from the main opposition party to halt the project if they win in the state elections this year.
The media-to-mining conglomerate won the controversial project to redevelop Mumbai’s famous Dharavi slum cluster in end of 2022 — weeks before it was shaken by a scathing report by the short seller Hindenburg Research. But Gautam Adani’s $3 billion plan to convert 620 acres (251 hectares) of prime land filled with rickety shanties into a glitzy urban hub has become a political hot potato.