Indian billionaire Adani's firm wins bid to develop vast Mumbai slum

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The real estate unit of Indian billionaire Gautam Adani's Adani Enterprises has won the right to redevelop India's largest slum, Mumbai's Dharavi neighbourhood, with a 50 billion rupee ($612 million) bid, a state official said on Tuesday.

A view of Dharavi, one of Asia's largest slums, during a 21-day nationwide lockdown to slow the spreading of coronavirus disease , in Mumbai, India, April 9, 2020. REUTERS/Francis Mascarenhas/File Photohas won the right to redevelop India's largest slum, Mumbai's Dharavi neighbourhood, with a 50 billion rupee bid, a state official said on Tuesday.

The redevelopment was first mooted in the 1980s as a way to develop valuable land while providing proper housing to those living there.

 

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Slumlord Billionaire... with inflation

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