Mumbai, June 4 -- Dharavi, one of the most densely populated urban settlements in Mumbai, is set to be transformed into a congregation of a smart city, multi-modal transport hub and public spaces under the ongoing redevelopment project, according to a report by HSBC.

The report highlighted key discussions from the session "Transforming Dharavi: A Model for Inclusive Urban Renewal" held at the Adani Annual Conference 2026, where Pranav Adani and Anil Sardana, CEO of Navbharat Mega Developers, outlined the vision and progress of the project.

According to HSBC, the Dharavi Redevelopment Project is among the largest urban redevelopment projects in Asia and involves the rehabilitation of around 125,000 homes.

It stated, "Dharavi project off...