India's slum renovation plan hits roadblock
2024-08-26
한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina
Bai Yuan
India's Mint reported on the 25th that the Dharavi slum renovation project in Mumbai has been blocked. The report quoted the head of the Dharavi Development Authority as saying that only those who have lived in Dharavi before 2000 can get free housing, so about 750,000 people do not meet the conditions and about 240 hectares of land need to be acquired to accommodate them. However, land acquisition in Mumbai is very difficult. Without land, the project cannot be started, so land acquisition is a key factor in whether the project can be completed on time.
According to reports, in July 2023, the Maharashtra government announced that the Adani Group won the bid for the Dharavi slum renovation project at a price of US$614 million. The feasibility study of this project began in March this year and is scheduled to be completed within 7 years. According to reports, people who lived in Dharavi before January 1, 2000 can get free housing; people who came to Dharavi between January 1, 2000 and January 1, 2011 can get houses or government rental houses in the Mumbai metropolitan area outside Dharavi for a symbolic price of 250,000 rupees (about 21,000 yuan); those who entered after January 1, 2011 will have to arrange accommodation according to the state government's future rental policy.
According to Business Today, India, the Dharavi renovation project was completed by a real estate company under the Adani Group in cooperation with the Maharashtra government. Adani Real Estate is only responsible for construction and development, and the houses will be handed over to the corresponding state government departments for distribution after they are completed. The report said that despite the challenges, Indian billionaire Adani is still optimistic about the prospects of the project. Mint believes that the Adani Group's stock price has plummeted due to accusations of stock manipulation by Hindenburg, a US short-selling agency, so this renovation project is particularly important for its image transformation.
In addition to the difficulty in land acquisition, the Dharavi renovation project has also been boycotted by the opposition. The Times of India recently reported that Uddhav Thackeray, head of the Shiv Sena Party, a major political party in Maharashtra, declared that once the party came to power in the state government, the Dharavi renovation project would be abolished and Mumbai would never be allowed to become "Adani City." Thackeray said that the Maharashtra government's move was only to promote the development of the Adani Group rather than to protect the interests of local residents. ▲#Deep Good Articles Project#
