Thursday, February 02, 2006

Dharavi is now a realty gold mine

Some major developers (including one firm from California) are competing for a piece of the planned redevelopment of Mumbai's largest squatter community, Daily News & Analysis reports.

One of the reasons: the plan offers developers almost 3 times the density of normal Mumbai developments. And this in a city where the housing market is incredibly tight. Clearly there's money to be made in Dharavi.

But will this kind of speculation help poor people? The track record isn't good.

Here's another take on the plan, from the Times of India.

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