Dharavi Redevelopment: A Vision for a Smart City and Transport Hub
Dharavi will be congregation of smart city, transport hub and public spaces: HSBC
Image: The Economic Times
Dharavi, a densely populated area in Mumbai, is undergoing a significant transformation into a smart city and transport hub as part of a major redevelopment project. This initiative aims to rehabilitate 125,000 homes and create modern public spaces, enhancing living conditions for over one million residents.
- 01The Dharavi Redevelopment Project is one of Asia's largest urban redevelopment efforts, covering approximately 600 acres.
- 02The project will provide over 125,000 housing units for slum dwellers, with half built within Dharavi and the rest across six locations in the Mumbai Metropolitan Region.
- 03HSBC's report emphasizes the inclusion of a multi-modal transport hub with three metro stations and extensive infrastructure improvements.
- 04Environmental initiatives include cleaning the Mithi River and developing a Marine Drive-style promenade.
- 05The rehabilitation phase is expected to take seven to eight years, with the first building scheduled for completion in December 2026.
Advertisement
In-Article Ad
The Dharavi Redevelopment Project in Mumbai aims to transform the area into a smart city and multi-modal transport hub, as detailed in a report by HSBC. This ambitious project, which is one of the largest urban redevelopment initiatives in Asia, will rehabilitate approximately 125,000 homes for over one million residents living in Dharavi, which spans around 600 acres. The redevelopment plan includes a total of 225 million square feet of development, with 95 million square feet dedicated to rehabilitation and 130 million square feet for free-sale areas. The project, approved in 2022, is a public-private partnership between the Government of Maharashtra and the Adani Group. Key features of the redevelopment include a multi-modal transport hub with three metro stations, schools, healthcare facilities, and green spaces. Additionally, environmental initiatives are planned, such as cleaning the Mithi River and creating a promenade. The Adani Group anticipates completing the rehabilitation phase within seven to eight years, with the first building expected to be ready by December 2026.
Advertisement
In-Article Ad
The redevelopment project will significantly improve living conditions for over one million residents of Dharavi by providing modern housing and infrastructure.
Advertisement
In-Article Ad
Reader Poll
What do you think about the Dharavi redevelopment project?
Connecting to poll...
More about HSBC
HSBC maintient une perspective optimiste sur le marché des actions malgré des risques potentiels
Investing French • Jun 4, 2026
Biotech M&A Set for Record Year Amidst Patent Cliffs and Market Recovery
Cnbc • Jun 4, 2026
Recent Analyst Recommendations Impacting Major Companies
Marketscreenerc • Jun 3, 2026
Read the original article
Visit the source for the complete story.