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Reuters/Danish Siddiqui
Too close for comfort.
IN PICTURES

From dingy slums to swank condos, this is where Mumbai lives—and how much it pays

By Shelly Walia

From a dingy single room in crumbling slums to some of the most expensive residences in world, Mumbai’s real-estate market has it all.

And, income willing, the Indian financial capital’s 21 million inhabitants can take their pick, with monthly rents ranging between Rs300 ($5) and Rs1.2 lakh ($2,000).

Since last year, Reuters photographer Danish Siddiqui has been chronicling what Mumbai’s houses look from the outside—alongside estimating how much rent their residents typically pay.

Cheek by jowl in a megacity that just doesn’t stop growing, this is how Mumbai lives.

India-mumbai-rent
Reuters/Danish Siddiqui
Windows of various shanties in Dharavi, one of Asia’s largest slums, are seen in Mumbai. The rent for a 100 square feet shanty in Dharavi ranges from Rs2.5 ($0.04) per square feet to Rs3.5 ($ 0.06) per square feet.
India-mumbai-rent
Reuters/Danish Siddiqui
Windows of various apartments of a residential building are seen in Dharavi, one of Asia’s largest slums, in Mumbai. The cost for buying a 270 square feet one-bedroom apartment in this building is around Rs11,850 ($190) per square feet. The rent for an apartment in the same building is around Rs12,000 ($190) per month.
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Reuters/Danish Siddiqui
A high-rise residential tower is seen next to shanties in Dharavi, one of Asia’s largest slums, in Mumbai.
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Reuters/Danish Siddiqui
High-rise residential towers are seen behind shanties in Dharavi, one of Asia’s largest slums, in Mumbai.
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Reuters/Danish Siddiqui
Windows of various apartments of a high-rise residential building are seen in the western suburb of Mumbai. The cost for buying a 269 square feet one-bedroom apartment in this building is around Rs9,293 ($150) per square feet or 25 lakh ($40,000). The rent for an apartment in the same building is around Rs10,000 ($160) per month.
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Reuters/Danish Siddiqui
Windows of a high-rise residential building are pictured in south Mumbai. The cost for buying a 900 square feet (83.5 square meters) two-bedroom apartment in the seen building is around Rs70,000 ($1,119) per square feet or Rs 6.3 crore ($1.07 million). The rent for an apartment in the same building is around Rs1.1 lakh ($1,760) per month.
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Reuters/Danish Siddiqui
A man stands next to a window of a residential building in central Mumbai on Jan. 28. The cost for buying a residential apartment in Mumbai close to the city centre ranges from Rs12,000 ($200) per square feet to Rs112,552 ($1800) per square feet.
India-mumbai-rent
Reuters/Danish Siddiqui
Windows and doors of an old residential building are pictured in central Mumbai. The cost for buying a residential apartment in Mumbai close to the city centre ranges from Rs12,000 ($200) per square feet to Rs1.12 lakh ($1800) per square feet.
India-mumbai-rent
Reuters/Danish Siddiqui
Windows of a high-rise residential building are pictured in south Mumbai. The cost for buying a 900 square feet two-bedroom apartment in the seen building is around Rs70,000 ($1,119) per square feet or Rs6.3 crore ($1.07 million). The rent for an apartment in the same building is around Rs1.1 lakh ($1,760) per month.
India-mumbai-rent
Reuters/Danish Siddiqui
Workers take a lift at an under construction high-rise residential tower in Mumbai’s central financial district. The cost for buying a 2,500 square feet three-bedroom apartment in this tower is around Rs70,000 per square feet ($ 1,119) or Rs 17.5 crore ($2,798,682).
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Reuters/Danish Siddiqui
Windows of high-rise residential buildings, which are under construction, are seen surrounding a residential tower (right) in central Mumbai. The cost for buying a 2,400 square feet three-bedroom apartment in the completed residential tower is around Rs36,400 ($580) per square feet or Rs8.74 crore ($1.40 million). The rent for an apartment in the same building is around Rs1.5 lakh ($2,400) per month.