The Dharavi slum in Mumbai.
Photographer: Dhiraj Singh/BloombergAdani's Next Big Test Is Pulling Off a $3 Billion Slum Revamp
The embattled Indian tycoon wants to modernize Mumbai’s famous Dharavi slum. But how will he resettle a million people?
After a short seller in New York accused Gautam Adani of widespread fraud across his infrastructure empire, the Indian billionaire has spent much of this year assuaging foreign investors.
Now, Adani must also prove how he remains irreplaceable to Prime Minister Narendra Modi’s development agenda by pulling off a very different task: resettling a million Indians who populate Dharavi, the famed Mumbai slum, and turning the land into some of the world’s most expensive urban real estate.