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Indian billionaire Gautam Adani's plan to redevelop Mumbai's Dharavi slum sparks concerns over his ability to deliver amid financial setbacks and allegations of favourable treatment.
Court battle between Dubai consortium, Adani adds new twist
Adani Group aims to demolish what it describes in legal documents as an area of "unhygienic, deplorable" conditions and build new towers on state-owned land to accommodate residents and their businesses. Consultancy Liases Foras estimates Adani may invest up to $12 billion on remaking Dharavi and in return get development rights that could yield revenue of up to $24 billion.
Indian billionaire Gautam Adani's plan to rehouse a million people living in one of Asia's biggest slums is fuelling worries among residents about his capacity to deliver amid high-profile financial...
MUMBAI: Indian billionaire Gautam Adani’s plan to rehouse a million people living in one of Asia’s biggest slums is...