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The one thing that killed Mumbai's real estate which nobody will ever admit

Updated : January 06, 2020 06:38 AM IST

Up to 35,67,12,299 square feet – that’s the extent of encroachment by slums in Mumbai, according to the Slum Rehabilitation Authority’s (SRA) slum cluster list of 2015.
Simply put, a homebuyer in the new tower is expected to subsidise the free housing for the slum dweller.
Effectively, homebuyers are getting smaller homes at high prices while slum dwellers are getting bigger homes for free.
The one thing that killed Mumbai's real estate which nobody will ever admit
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