No billionaire does anything for free

Nobody is claiming it's free. It's a real estate development company winning a bid to develop an area. Read the article.

Nothing about the people currently living there..

They will be given a headstart from the wrecking ball.

Amusingly ambiguous title depending on how one interprets "develop"

World's largest urban renewal scheme

Does this really mean…

Billionaire wins right to throw thousands of poor people out of their homes and make money from it.

I couldn't immediately find a single source that had all the information, but after reading a couple of articles, I've gathered the following.

Part of the development is the resettlement of 58,000 eligible families, who currently live in the slum, into newly developed tenements. Those housing units will be rent-free and built on neighboring land, to avoid having to move inhabitants of the slum into temporary housing during construction.

There are apparently another 58,000 ineligible families, who will be resettled in a different neighborhood of Mumbai, but I couldn't find an explanation for why some families are and some families aren't eligible.

Sources:

https://timesofindia.indiatimes.com/city/mumbai/mumbai-adani-second-time-lucky-bags-dharavi-revamp-project-with-rs-5069-crore-bid/articleshow/95867814.cms

https://www.hindustantimes.com/cities/mumbai-news/adanis-with-5-069-crore-bid-set-to-redevelop-dharavi-101669748408988.html

https://www.hindustantimes.com/cities/mumbai-news/longstalled-dharavi-redevelopment-to-get-a-fresh-push-101663784977124.html

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Thanks for this. You make reddit a less dark place.

You didn't read it.

Slumdog billionaire

[deleted]

The person that has manipulated the system to that extent to become a billionaire in India is probably the most responsible to equitably deal with the poor that inhabit the slum area. /s

Well that's not going to end in a fuck tone of human suffering.

Only problem is its estimated 700,000-1,000,000 live there.

Resettlement affects about 120,000 families, not individuals. These families often live together with 3 or even 4 generations, so 700,000 to 1,000,000 makes sense.