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.
read here

No comments: