Amid the luxury towers and expansive villas of Mumbai’s most exclusive postcode, a crumbling apartment block exemplifies the price some middle-class employees are willing to pay for a home in one of the world’s most expensive property markets
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Children play outside their units along corridors with rusted, broken railings held together with rags and the steel bars reinforcing the structure are visible from where the cement has fallen off the floors and ceilings. Prices for prime property, such as that in Worli, saw the sixth fastest year-on-year growth globally in the first quarter of this year, a survey by international property consultants Knight Frank shows, just behind global financial hub Singapore and ahead of China’s financial capital Shanghai.
“It’s dangerous, especially with parents and children,” added resident Sumit Shinde. “But it’s not possible for me, or any middle class family, to purchase a new home in Mumbai. It’s very expensive.” A state government official, who declined to be named because they were not authorised to speak to the media, said the bloc’s residents had not been served an eviction notice, but the state has offered them alternative accommodation in the suburbs.
Mayank, Rahul Makwana’s nephew, helps his family move from a unit on the fourth to the first floor, at the Worli dairy quarters building in Mumbai, India, March 30, 2023. REUTERS/Francis Mascarenhas Anil Aiwale’s children Atharva, 12, and Akshara, 6, do their homework at home at the Worli dairy building in Mumbai, India, June 25, 2023. REUTERS/Francis Mascarenhas
A man prays in a corridor at the Worli dairy quarters building in Mumbai, India, March 30, 2023. REUTERS/Francis Mascarenhas Children play cricket in the corridors outside their homes at the Worli dairy quarters building in Mumbai, India, March 30, 2023. REUTERS/Francis Mascarenhas Sheikh Moulana Mehmood’s grandchildren watch television inside the Worli Dairy quarters building in Mumbai, India, October 5, 2022. REUTERS/Francis Mascarenhas
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