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Adani already has a realty arm in the country, which has executed or is in the process of executing projects in the financial capital including one in suburban Ghatkopar and another in central Mumbai's Byculla.
A senior state official, privy to the plans, said that the state government is contemplating to redevelop such areas and free up the swathes of slum land. This will create additional housing stock in Mumbai.
The project will entail the rehabilitation of 6.5 lakh residents of Dharavi, considered to be among the world’s largest slums.