NEW DELHI, May 26 -- Mumbai is the city of dreams and the financial capital of India. Mumbai is the world's 6th most populated city and in a decade, Mumbai will become the 4th most populated city globally. Mumbai city contributes 37.5% of Maharashtra's GDP and 6.3% of India's GDP.
Harish Jain, Vice President, Brihanmumbai Developers Association (BDA), underlines that "Mumbai has more than 40000 Cooperative Housing Societies out of which 20000 societies need redevelopment. The city has more than 20000 dilapidated buildings, which need urgent redevelopment and 45% of Mumbai stays in slums, most of which are unhygienic with unliveable conditions. All of these need to be given priority and urgent attention by MCGM, State and Central Government...