Buy Property in Mumbai




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Tuesday, July 24, 2007
The City! Mumbai

Metropolitan India have expanded speedily as growing numbers migrate to towns and cities in search of economic opportunity. Slums now account for 1/4 of all urban housing. In Mumbai, more than half the population lives in slums, many of which are situated near employment centers in the heart of town, unlike in most other cities in developing countries. The condition is inferior in Mumbai. The government is announcing housing polices to make housing available and affordable for all, in particular for the lower and middle-income groups. It plans to promote rental housing and new construction, redevelopment of slums and old buildings and boosting foreign investment in the housing sector. It also promotes township schemes just outside the municipal limits of Mumbai so that people working in the city can find homes to suit their budgets. But the reality on ground is alot different then it looks.

Posted at 02:49 pm by Daniel Marshel

 

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