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Mumbai property woes and Ambani House

The huge 570 feet tower in upmarket Altamount Road looks no less than a palace. The boxlike apartment block with wrought-iron gates and high whitewashed walls reportedly boasts of a ballroom, a cinema, three helipads, swimming pools, three helipads and six floors of parking. It is soon to be the home of Mukesh Ambani, the wealthiest Indian and the fourth richest man in the world. The luxurious residence starkly contrasts the housing problem in Mumbai. Half of about 18 million Mumbaikars live in sprawling slums, in unhygienic conditions and with little or no water supply and electricity. Just a short distance away from Altamount R...

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