Not Everyone Is Grateful as Investors Build Free Apartments in Mumbai Slums
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In India, builders who raze slums and use part of the land to build houses for the former residents are then allowed to build lucrative towers on the rest of the land.
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The city wants slum dwellers in apartments, but demolitions have left thousands homeless.
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GURGAON, India, Jan. 29 -- Three weeks ago, Mohammad Saleem, 33, agreed to work at a construction site in this bustling city near New Delhi. A house painter with an extended family of eight, he was drawn here by the promise of an extra dollar in his daily wage. After a few days of waiting in a bl...
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Business & money: Workers in poor countries exploited, say investors.
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There are signs that some high-end real estate developers are being hit by a slowdown.
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The nation's foreclosure crisis has led to a painful irony for homeless people: On any given night they are outnumbered in some cities by vacant houses, and some street people are taking advantage of the opportunity by becoming squatters.
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In the heart of Mumbai's red light district, several prostitutes sit on brown plastic chairs in a narrow room waiting to do something many have never been able to do before: deposit their savings in a bank.
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Developers are cashing in on demand for luxury housing in such spots as Russia, Bulgaria and Poland.
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Hashim Khalil Osman peeks out from the remains of his hut, partly bulldozed and then patched up with plastic sacking, to see if help has arrived to alleviate the misery of life in the slum suburbs of Khartoum.
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A troubled company in the troubled housing sector.
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MUMBAI: For survivors who lost relatives and property in the tsunami, there may not even be the compensation of an insurance claim to ease their suffering.
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NEW YORK - In a city where the average one-bedroom apartment rents for well over $2,000 a month, residents of a huge rent-stabilized complex are joining forces with some city leaders in an effort to buy their development to keep it affordable.  MetLife Inc.
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As dozens of condominium towers conceived during Floridaâs real estate boom near completion, investors who snatched up units are trying to break contracts.
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PORTLAND, Maine  - Of the more than 8,000 funds  available to investors, some are downright stinkers.  Fortunately, it's usually easy to identify the worst of them.
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HYDERABAD, India  - Two bombings within three  months that killed dozens in India's prominent IT city of  Hyderabad have set off alarm bells for many companies who worry  investor sentiment could start to sour.
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These dour CAPS investors actually see a silver lining to others' dark clouds.
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The subprime scandal has sent investors looking for new homes for their money. Silicon Valley, however, may not be it.