The lurking debt disaster behind India's tallest tower
Unlock the Editor’s Digest for free
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
In the past decade, some of India’s largest financial groups have made big investments in luxury property, notably an ambitious Mumbai tower that was supposed to set new standards in urban design. But the economic boom they hoped would spur demand failed to materialise. Jyotsna Singh talks to Benjamin Parkin in Mumbai about what went wrong and the resulting debt crisis that is holding back growth.
Contributors: Jyotsna Singh, Delhi reporter, and Benjamin Parkin, Mumbai correspondent. Proucers: Jyotsna Singh and Fiona Symon
For information regarding your data privacy, visit acast.com/privacy
Comments