- More than 50% of Mumbai residents live in slums because real estate has one of the 10 highest costs of living globally.
- Real estate costs upward of 30,000 USD per square meter in Mumbai.
- One and a half million people live in the Mumbai's slums, which spreads across 135 square acres of land. The slums are homem to 15,000 micro-industries, and those that live there aren't exactly destitute by Indian standards.
- Why are apartment buildings so dilapidated in Mumbai? Because of renter protection laws, which state that a landlord cannot kick out a tenant, even if he/she only pays a nominal portion of a rent payment. Seeing as many tenants cannot (or do not) make a full rent payment, and are protected by the law, the landlord compensates by not putting money into the building's upkeep or general safety.
- Mumbai generates 300 tons of garbage each day.
- Although this is not the case in Mumbai, there are some states with a law that makes it illegal to neglect your parents.
- Mumbai is the financial capital of India and supplies 25% of the government's tax revenue.
Saturday, February 20, 2010
Mumbai.2
In between stops on our whirlwind tour of Mumbai, our tour guide gave us little facts about Mumbai. I have them here:
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