MUMBAI — 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 setbacks and allegations that Prime Minister Narendra Modi's allies afforded him favourable treatment. The Dharavi slum, about three-quarters the size of New York's Central Park, featured in Danny...
MUMBAI — 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 setbacks and allegations that Prime Minister Narendra Modi's allies afforded him favourable treatment.
Only those who already lived in Dharavi before 2000, mostly ground-floor residents, will get free homes within the redevelopment. About 700,000 inhabitants of mezzanine and upper floors are considered ineligible by the government and will be offered units up to 10 kilometres away, which they say could require them to pay upfront costs or higher rents.
The current state government, ruled by Modi's Bharatiya Janata Party and its allies, is contesting the case. Last month, a Mumbai court allowed SecLink to add Adani to its lawsuit, forcing the conglomerate to defend its position before judges. Maharashtra said in a submission that SecLink's claims were "baseless" and that officials had followed "proper process" in cancelling the earlier tender, according to a Reuters review of non-public filings related to the case. It said it restarted the process because it added another land parcel to the project after the 2018 tender had closed.
Hindenburg's report and ensuing regulatory scrutiny of Adani have sowed mistrust among some in Dharavi, according to representatives of thousands of local families, and 25 other residents and business owners interviewed by Reuters.
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