Mr Adani won the project with a bid of 50.7 billion rupees (S$816 million) late last year. Read more at straitstimes.com.
A representative of the Mumbai Metropolitan Region Development Authority, which oversees the project, on Saturday confirmed it was given the go ahead by the Maharashtra state government. A spokesperson for Adani Group declined to comment.The slum is spread over roughly 250ha of potentially prime real estate in the financial capital, which is home to more than 20 million people.
Mumbai’s administrators have struggled for decades to modernise the neighborhood, because of the difficulty of acquiring large tracts of land, attracting investors to a place without stable utilities, and resettling an estimated 1 million people. His involvement has been met with protests from local inhabitants, who are concerned that homes and businesses will be relocated far from the city centre. Others fear they will be shunted into tiny apartments with poor amenities.
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