Source: https://www.bloomberg.com/news/features/2026-04-17/mumbai-s-skyline-rises-as-residents-and-bankers-jostle-for-space
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The 41‑story Altimus tower in Mumbai gives you a panoramic view of the Arabian Sea. With the market boom, big names like Barclays, BlackRock, KKR, Morgan Stanley and UBS have set up offices in this shiny glass building in Worli – once a fishing village, now a hot residential spot for the city's elite.
Not far away, taxi driver Ramu Virmale is trying to strike his own real‑estate deal. He and his neighbours in a low‑income corner of Worli hope to get modest but modern apartments by letting a developer clear their makeshift shanties and replace them with offices or luxury towers. It's a story playing out all over Mumbai, a crowded island city where almost a quarter of the 21 million people live in sprawling slums.
As foreign banks and asset managers scramble for space to expand, billions of dollars in property deals are tied to the hopes of cleaners, drivers, labourers and other service workers who want to keep a foothold in the buzzing financial capital. Rich or poor, we should all live together, says Virmale. We too want clean, good‑quality, sea‑facing flats. That can't be just for the rich.
Demand for Mumbai property is set to rise "exponentially beyond imagination," predicts billionaire developer Niranjan Hiranandani of the Hiranandani Group. But he adds, "We're talking about 5 million people who will need to be rehoused."
https://www.bloomberg.com/news/features/2026-04-17/mumbai-s-skyline-rises-as-residents-and-bankers-jostle-for-space?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc3NjQyMDg2MywiZXhwIjoxNzc3MDI1NjYzLCJhcnRpY2xlSWQiOiJURE1HSzhLR0lGUlEwMCIsImJjb25uZWN0SWQiOiJEMzU0MUJFQjhBQUY0QkUwQkFBOUQzNkI7QjlCRjI4OCJ9.muw962D6-lCPWz-zR29ZjCyqNqEw-Pzn0hemMN-EKio