Wednesday, March 7, 2012

Slumdog shacks worth £100,000: Soaring property prices in the Mumbai slum made famous by film

Shacks in the Mumbai shanty town made famous in the hit film Slumdog Millionaire are selling for more than £100,000 each as developers cash in on India's growing economy.

Nearly 500 families lived in the Bandra slum in tiny corrugated iron shacks back when Danny Boyle's rags-to-riches movie was filmed.

But now the number has dwindled to just 250 after many residents were bought out by property developers who offered them sums in the region of 8,000,000 rupees - about £102,000 - to move off the land.
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New Water Budget for Earth

Investigating the history of water on Earth is critical to understanding the planet's climate. One central question is whether Earth has always had the same amount of water on and surrounding it, the same so-called "water budget." Has Earth gained or lost water from comets and meteorites? Has water been lost into space? New research into Earth's primordial oceans conducted by researchers at the Natural History Museum of Denmark at the University of Copenhagen and Stanford University revisits Earth's historical water budget.