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Dhārāvi: Developing Asia's Largest Slum (A)

Lakshmi Iyer, John Macomber and Namrata Arora

Chapter 6 in Institutions, Institutional Change and Economic Performance in Emerging Markets, 2016, pp 145-180 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Rance Hollen turned away from his screen in frustration. The Bombay Stock Exchange (BSE) Realty Index had just dropped another 200 points. As Hollen gazed out the window of Warwick Capital's 28th floor offices in London's Canary Wharf, he wondered if this was really the time for his fund to make its foray into India. Warwick Capital had a consortium of development partners counting on them to make the right call and, of course, the fund had its own equity on the line. Now Hollen had only a few days left to submit a final bid to the Government of Maharashtra to win the right to redevelop Mumbai's storied Dhārāvi slum…

Keywords: Emerging Markets; Economic Institutions; Property Rights; Economic Policy; Political Institutions; Political Economy; Economic Growth; Case Studies (search for similar items in EconPapers)
Date: 2016
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