“Dharavi, one of Asia’s largest slums, is known for its remarkable entrepreneurial spirit and flourishing economy. Its annual turnover is estimated at anywhere between $700 million and $1 billion. For all its drawbacks, in a city where rents are among the highest in the world, Dharavi offers a roof over heads for a rent as low as $4 per month. The Dharavi Redevelopment Project was first conceived in 1995. It took the government eight years to give the go-ahead and in June last year it invited bids to execute the $2.3 billion project.
Dharavi’s residents say they are not against the redevelopment project but oppose the way it is happening and for whom it is being redeveloped. The current plan, they say, is too generous to builders and does not provide enough for the residents. The size of houses being provided to residents is far too small. Relocation of people and their businesses will also strike at the economic security of thousands of families.”
Full article: http://www.atimes.com/atimes/South_Asia/JE01Df04.html