Winning the tender to redevelop the sprawling slum three-and-a-half years after losing to a consortium puts his group on course to becoming a top real estate player in Mumbai.
Dharavi, a 2.5 sq. km area in Mumbai that houses 80,000-90,000 families and countless small scale units, is back in the headlines. The sprawling slum, which has captured the imagination of filmgoers over the years as the underbelly of India’s financial capital whose residents alternate between hope and despair, could soon be razed to the ground.
The reason: The Ahmedabad-based Adani group, which has grown by leaps and bounds in the last six years in terms of expanding into highly regulated industries such as airports and ports, has won the very tender it lost three-and-a-half years ago.
The tender to …
Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.
Executive Editor
surendar@mailtmc.com
Mumbai
Advait is a financial journalist and a former writer at The Morning Context. Here, he wrote on India’s banks, the wider financial services industry and the fintech ecosystem. He has previously worked with the Economic and Political Weekly, Business Standard, BloombergQuint and MediaNama, where he covered everything from the Reserve Bank of India to fintech policy.
Writer
advait@mailtmc.com
Mumbai