Published: Thursday, 31 May, 2007, 07:32 AM Doha Time

MUMBAI: One of Asia’s most notorious slums went up for sale yesterday in
a $2.3bn project to raze thousands of ramshackle homes and create one of
the world’s hottest building sites. The filthy and cramped 535-acre
Dharavi slum stands on prime building land in Mumbai, parts of which
have some of the world’s most expensive real estate, and has long been
an embarrassment to promoting India’s economic capital as a global
financial centre.

Newspaper advertisements were published in 20 countries yesterday
offering “the opportunity of the millennium” for five major developers
to take part in the long-delayed and controversial project in one of
Asia’s largest slums.

“Redesign the township. Rehabilitate the families. It’s a challenge. But
rewards outweigh the Herculean task,” said the bid by the Slum
Rehabilitation Authority.