Skip to content
Search

Latest Stories

Adani hires global team for Dharavi redevelopment

It is a key step in rebuilding one of Asia’s biggest slums amid growing opposition to the project

Adani hires global team for Dharavi redevelopment

INDIAN billionaire Gautam Adani's joint venture with Mumbai's slum rehabilitation authority has hired a global team to redevelop Dharavi, a key step in rebuilding one of Asia's biggest slums amid growing opposition to the project.

Dharavi, about three quarters the size of New York's Central Park, is a crowded area that houses thousands of poor families in cramped quarters in the centre of India's financial capital. Many residents have no access to running water or clean toilets.


Rebuilding it is a mammoth task, which was first mooted in the 1980s.

The state government of Maharashtra in July approved Adani's $619 million (£486m) bid to redevelop the area that covers 625 acres (253 hectares), and has been described by officials as "the world's largest urban renewal scheme".

The joint venture, Dharavi Redevelopment Project (DRPPL), said on Monday (1) it was partnering with architect Hafeez Contractor who has done many social housing projects, US design firm Sasaki, and consultancy firm Buro Happold from the UK for the redevelopment.

DRPPL was set up in July and hiring of the team assumes significance as it comes amid allegations from a rival bidder that prime minister Narendra Modi's allies afforded Adani favourable treatment while residents worry about his capacity to deliver amid high-profile financial setbacks.

The Adani group has said the Dharavi project was awarded through a fair, open and internationally competitive bidding process. The state government has denied any wrongdoing.

Thousands of protests marched toward Adani's offices in Mumbai last month to voice their opposition to his conglomerate's redevelopment plans.

(Reuters)

More For You

Indian and Nigerian investors drive surge in foreign-owned UK rental firms

Properties lined up for sale and rent in a suburban neighbourhood.

iStock image.

Indian and Nigerian investors drive surge in foreign-owned UK rental firms

Highlights

  • One in five new buy-to-let companies in 2025 owned by non-UK nationals, up from 13% in 2016.
  • Indian and Nigerian investors lead foreign ownership, targeting regions outside London for higher returns.
  • Young British landlords (18–24) are expanding portfolios despite older investors exiting the market.
  • Regional rent growth diverges: London sees declines, while East & West Midlands and North West report strong rises.

Foreign investors leading

Britain’s buy-to-let sector is undergoing a notable transformation as foreign investors and young Britons reshape the landscape. One in five new buy-to-let companies created in 2025 are owned by non-UK nationals, up from just 13 per cent in 2016. This shift shows that foreign investment in British rental property is growing fast and reshaping who controls the market.

A new report on New Investors in Buy-to-Let reveals that this transformation is driven by a combination of younger British landlords and experienced international operators seeking better returns outside London’s saturated market.

Keep ReadingShow less