This paper examines how government regulations affect the urban upgradation efforts of the poor in the city of Mumbai. The case of the Rajiv Indira/Suryodaya/Ganga Cooperative Housing Societies (RISG), three societies comprising slum-dwellers residing in Dharavi, is presented. To situate this case-study within the remit of this book, it is important to note that Dharavi has the dubious distinction of being Asia’s largest slum and thus constitutes a prime candidate for, and challenge to, urban upgrading. Further, Mumbai is a city where more than half its 12 million population resides in informal and inadequate housing and thus constitutes the most stringent litmus test for regulatory frameworks concerned with urban upgradation.