Pressure on Mumbai’s housing is soaring
The 41-story Altimus tower in Mumbai offers sweeping views of the Arabian Sea. In the wake of a boom in India’s markets, Barclays, BlackRock, KKR, Morgan Stanley and UBS Group have all taken up posts in this glittering glass building in the Worli neighborhood, a former fishing village that’s become a favored residential address for the city’s elite.Not far away, taxi driver Ramu Virmale is attempting to negotiate a real estate deal of his own. He and his neighbors in a low-income pocket of Worl...
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