India

Asia’s biggest slum for makeover by the Asia’s richest man

Dharavi slum in India is known as the biggest slum area of Asia symbolizing India’s huge wealth inequality, but now it holds lucrative investment opportunity for some.

The good news for Dharavi dwellers is that Asia’s Richest man is going to give the slum known for the ‘Slumdog Millionaire’ tag, a makeover.

Housing over a million people of Mumbai city, Dharavi is the symbol of India’s huge financial inequalities. Now Gautam Adani takes pledge to change its picture.

Lately Asia’s richest tycoon, Gautam Adani  won the Dharavi development right for a makeover of the Asia’s biggest slum within Mumbai.

Adani Enterprises, the well known billionaire’s flagship firm has outbid top developers bidding at $612 million for laying claim to what has been called by Indian authorities “the largest global urban renewal plan.”

Dharavi, being one of many ambitious development projects of the country, has been taken over by Gautam Adani, as he plans to expand his financial empire exponentially. In the year 2022 Adani business has touched the sky making him the third richest man of the globe.

Now for the Dharavi denizens, the news arrives after decades of vain attempts to entirely redevelop a vast area symbolizing India’s sky high  wealth inequalities, but now this place holds immense opportuinity of lucrative investment.

Out of Mumbai’s 22 million population, more than forty percent people live in slums. Shockingly, in Dharavi, around sixty thousand cramped shanty homes are the abode for a million people. Surrounded by swanky skyscrapers, Dharavi is on a piece of land with an area of barely two-thirds the size of the Central Park of Manhattan in New York city.

Till the date, the state has been promising of resettling sixty eight thousand people in three hundred-square-feet free houses for those who have moved in the area before the year 2000. The availability of new houses was said to be at a price for the people who relocated in Dharavi after the year 2000.

 

Parijat Tripathi

Recent Posts

Three killed In Firing As Violence Breaks Out Amid Sambhal Mosque Survey In UP

The victims, Naeem, Bilal, and Noman, died after clashes broke out. Around 20 to 22…

2 hours ago

US SEC Has No jurisdiction To Summon Foreign National; Adani Notice To Go Via ‘Proper Channel’

The SEC must follow diplomatic channels to serve the summons. The summons will go through…

3 hours ago

Hemant Soren To Take Oath As Jharkhand CM For Fourth Time On Nov 28

Soren will become Jharkhand’s first leader to serve four terms as Chief Minister. He previously…

3 hours ago

IPL 2025 Auction: Rishabh Pant Sets Record With Rs 27 Crore Bid By Lucknow Super Giants

The Rs 27 crore bid surpassed Shreyas Iyer's earlier record-breaking Rs 26.75 crore purchase by…

4 hours ago

Pichchha Muslim Samaj Utthan Samiti’s Appeal Secures Backward Muslim Support For NDA In Maharashtra

Alhaji Muhammad Irfan Ahmed, head of the Samiti, congratulated Prime Minister Narendra Modi, BJP President…

5 hours ago

BGT 2024-25: Virat Kohli Hits 30th Test Hundred As India Set A Target Of 534 For Australia

Kohli’s unbeaten 100 off 143 balls, featuring eight fours and two sixes, was his seventh…

6 hours ago