Ironically, even though Dharavi is situated right in the heart of Mumbai, the most banked city in the country, and adjoins the Bandra-Kurla  2  BIS Review 87/2010  Complex, Mumbai’s financial district, it did not have a commercial bank branch for a long time, notwithstanding its celebrated entrepreneurial spirit and export performance. The first commercial bank branch was opened in February 2007.
But when we look more broadly, just under 6 per cent of employment is closely related to the residential construction sector (Table 1).