Dharavi, home to about a million people and Asia’s largest informal settlement, is world-famous for its thriving entrepreneurial economy and community spirit. Although sometimes described as a model for future development, Dharavi has all of the usual problems of slums, including unsanitary living conditions, unsafe workplaces and a high prevalence of disease.
Waters Economics was a key member of a short-listed consortium in a master plan competition for Dharavi. Responsible for economic, financial and governance aspects, the team recommended a range of economic and financial mechanisms, for a phased formalisation of business and dwelling purchase, whilst recognising the importance of maintaining livelihood and affordability.
The strategy recommended recognising Dharavi as a community economic zone and the setting up of a special management body responsible for implementation.
Main image by MM
Governance Arrangements | Funding Mechanism | Policy Formulation