MUMBAI: Worker Joginder Kumar lives in his father-in-law’s cramped home, positioned in a slum on the outskirts of India’s most populous metropolis.
He earns lower than $200 a month – a meager wage that his spouse and son should additionally assist. He can also’t afford to hire a home for them, not to mention purchase one.
“I’ve medical and different bills to deal with. Groceries have gotten costlier by the day. How can we handle? Everything I earn is used for our fundamental wants,” he informed CNA.
Mumbai, the place Kumar lives, has turn out to be the costliest metropolis within the nation by way of housing. Indians have lengthy flocked to the mall in quest of job alternatives, resulting in a booming inhabitants of greater than 21 million folks.
Buying a house has now turn out to be out of attain for a lot of residents who earn a mean of $650 a month.
According to actual property agency Square Yards, common dwelling costs in Mumbai elevated 10% year-on-year within the second quarter of 2024, reaching about $112,000.
Analysts say this has pressured tens of millions of residents like Kumar to dwell in squalid slums.
