Jump to content
House Price Crash Forum
interestrateripoff

The Mumbai Shacks Being Transformed Into Luxury Homes Thanks To India's Booming Economy

Recommended Posts

http://www.dailymail.co.uk/news/article-2040409/Five-star-slumdogs-Once-poor-families-transforming-Mumbai-shacks-luxury-homes-thanks-Indias-booming-economy.html

From the outside it looks like any other run-down shack in the slums of Mumbai.

But behind the stained doors and dirty walls, the Shaikh family home is kitted out with a range of mod-cons - air conditioning, computers and swa_nky kitchen appliances.

They are one of the many once-poor families now living in five-star 'slum luxury', thanks to a booming Indian economy.

......

Slum dwellers are suddenly becoming respected middle class families - educated and employed, yet trapped in these crowded communities by soaring property prices in Mumbai.

Welcome to HPI India.

Edit for Swa_nky which the swear filter isn't intelligent enough to recognise as a non swear word.

Edited by interestrateripoff

Share this post


Link to post
Share on other sites

The side effect of the surging property prices is that unscrupulous developers are paying bribes to politicians to get slum areas cleared, so that they can build 'luxury apartments' on the land. Hundreds of thousands of people who have lived for generations on the land are being kicked out on a whim.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 333 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.