Fortune India Exclusive: We will invest $4-5 billion in the first phase to develop Dharavi, says Pranav Adani

Fortune India reported that Pranav Adani said the group will invest $4-5 billion in the first phase to develop Dharavi. The outlet described this as an exclusive interview, and the figure covers only the first phase of the project, not the whole cost. The report did not give a timeline, the size of later phases, or which listed company would carry out the work. Dharavi is a densely built area in Mumbai, and a redevelopment project there means rebuilding homes and commercial space on the land. The $4-5 billion figure is in dollars, as the outlet reported it; in Indian units, $1 billion is ₹1,000 crore, so $4-5 billion is roughly ₹33,000-41,000 crore at about ₹83 to a dollar, though the outlet did not give a rupee figure or an exchange rate.

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