who lived in the area before 2000 are slated for resettlement. Concerns have also been raised by residents who fear that some of their small businesses in the "informal" sector may not be relocated under the redevelopment plan. Due to this opposition, a trust has been proposed called the Dharavi Community Land Trust that will be made up of community members, landowners and neighborhood associations. In 2008 German students Jens Kaercher and Lucas Schwind won a Next Generation prize for their innovative redevelopment strategy designed to protect the current residents from needing to relocate. Other redevelopment schemes include the "Dharavi Masterplan" devised by British architectural and engineering firm Foster + Partners, that proposes "double-height spaces that create an intricate vertical landscape and reflect the community's way of life" built-in phases that the firm says would "eliminate the need for transit camps," instead catalyzing the rehabilitation of Dharavi "from within." A Dubai-based firm, SecLink Group, has planned to redevelop the slum into a completely new area. On setting up of the SPV, the private firm will have to bring in the equity of Rs 400 crore, while the state government will invest another Rs 100 crore. The company planning to do it is also building infrastructure and affordable housing projects in Singapore and Dubai. Following the empowered committee's nod, the senior state officials said that an MoU will soon be executed between the state government, and the Dharavi Redevelopment Project Authority (DRPA) and the company. With an almost estimated cost of over Rs 26,000 crore, the Dharavi makeover project is the biggest brownfield redevelopment project in India. To make the redevelopment more economically viable, the state government's plan is involving transforming the region into a hub for commercial and business activity. Dharavi is close to the Bandra Kurla Complex, which is India's richest business district and one of the richest in Asia. Demographics The total current population of Dharavi slum is unknown because of floating population of migrant workers, albeit voter turnout of 2019 state legislative assembly election was 119,092 (Average 60% turnout). Some sources suggest it is 300,000 to about a million. With Dharavi spread over , it is also estimated to have a population density of 869,565 people per square mile. With a literacy rate of 69%, Dharavi is the most literate slum in India. Dharavi has a sizable population of Tamilians, mainly from the southern districts of Tamil