Remaking of Mumbai Federation

This is interesting. A builder wants to redevelop a 200 acre area filled with chawls in South Central Mumbai. The way he wants to do it is by forming a business partnership with all residents. All stakeholders will become stockholders in his company (I am not exactly sure what the legal structure will be, but the idea is good.)  He still wants the government to help, which is bad, but this is a refreshing change from the slum rehabilitation boondoggles run by the government.