Canon PowerShot S90
ƒ/4
6 mm
1/40
80

These abandoned textile mills have become prime real estate in redevelopment.

According to a McKinsey urbanization study, Mumbai’s economic output will grow from $20B today to $260B in 2030, greater than the GDP of Malaysia.

They also estimate that 25 million people live in the city, but 60% of them are in slums or on the streets.

9 responses to “Mumbai Blooming”

  1. and looking to the right

    Textile Mill

  2. Nows the time to buy property then! 🙂

  3. Beautiful photo–the young man looks poised to go places if given some opportunity, despite the bleak context. However, I take exception with the kind of projections people make so many years into the future–they assume the best for the target countries and keep the incumbents on the steady declining paths. A big challenge for the up and coming, I think, is how to institutionally frame their development.

  4. Real estate, in the right location…
    Always the best investment !

  5. Location, Location, Location!!!
    Lot’s of great real estate available right here:
    http://www.google.com/images?hl=en&sugexp=ldymls&xhr=t&a...
    We used to build our cars here!

  6. scary statistics, sorry about these people and the buildings look like a demolition project, not real- real estate development:)

  7. Why not look for some developed country like Estonia, where you may still be able to buy real estate (as in 3y back) under the cost that was spent to build it? Not so bad.

  8. I thought that was Florida…

  9. You’re in India! Sensory overload yet? I hope you have a few more posts from there, Steve!

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