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The Economic Times

Economy / The Economic Times

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Mumbais skyline is soaring. So is the pressure on housing

Mumbai's booming real estate market sees global financial giants occupying luxury towers while low-income residents like taxi driver Ramu Virmale negotiate for modern housing. Developers are redeveloping slums, promising new apartments but raising concerns about displacement and the loss of community. This transformation is reshaping the city's skyline and its social fabric.

17 Apr 2026 11:13 am