Who would have thought that Asia's largest slum – Dharavi- would become a prized property in Mumbai? Today, every inch of land in Dharavi is sought after. The civic agencies have called in private property and infrastructure developers to revamp the locality.

Real estate developers are striving to get hold of this redevelopment project since Dharavi's development plan will free 535 acres of urban land in Mumbai. The Maharashtra government has embarked on a Rs 9,260 crore plan to redevelop Dharavi. Big real estate developers like DLF, Emaar MGF and Akruti Nirman have expressed their interest in rebuilding Dharavi. The Maharashtra government claims that many global property builders have also bid for this project but the details have not been disclosed. The government has received expressions of interest from 26 consortia - with three partners each. Of the 78 companies that have shown interest, 25 are international ones;

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