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Dhārāvi: Developing Asia's Largest Slum (A)

In: INSTITUTIONS, INSTITUTIONAL CHANGE AND ECONOMIC PERFORMANCE IN EMERGING MARKETS

Author

Listed:
  • Lakshmi Iyer
  • John Macomber
  • Namrata Arora

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…

Suggested Citation

  • Lakshmi Iyer & John Macomber & Namrata Arora, 2016. "Dhārāvi: Developing Asia's Largest Slum (A)," World Scientific Book Chapters, in: INSTITUTIONS, INSTITUTIONAL CHANGE AND ECONOMIC PERFORMANCE IN EMERGING MARKETS, chapter 6, pages 145-180, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814719766_0006
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    Keywords

    Emerging Markets; Economic Institutions; Property Rights; Economic Policy; Political Institutions; Political Economy; Economic Growth; Case Studies;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • F0 - International Economics - - General

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