Mumbai, June 7 -- The Dharavi Redevelopment Project, one of the world's largest urban regeneration initiatives, presents a "massive execution challenge" for the Adani Group as it seeks to rehabilitate more than one million residents and construct over 125,000 housing units over the next seven to eight years, according to an HSBC Global Investment Research report.

In a report titled "One of the world's largest urban regeneration projects", HSBC said the scale and complexity of the redevelopment make it one of India's most ambitious real estate undertakings.

Calling it "a massive execution challenge," the report said Adani aims to execute the rehabilitation portion of the project "over the next seven to eight years," while simultaneously ...