New Delhi, March 12 -- Mumbai: Sordid tales of dream homes turning into nightmares have been legion in India, but this one takes the cake simply because of the scale.

the most of any residential building in India-with apartments ranging between 4,800 sq. ft and 45,000 sq. ft, located in the tony Worli area of India's financial capital Mumbai, and with amenities rivalling five-star hotels, Palais Royale had everything needed to live up to its name, including a buyer list that featured the super-rich.

But the building, and the dreams of its buyers, are still work in progress 15 years after the ground was first broken. Mired in delays and embroiled in court cases with several buyers even today, the project missed yet another completion dea...