Word: mumbai
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...property developer in one of the hottest markets in the world. India's economy has grown more than 8% a year for the past four years, boosting demand for houses, offices, megamalls and hotels. Land prices in some areas have tripled in value since 2004, while office rents in Mumbai (formerly Bombay) and New Delhi are now more expensive than those in Paris, Hong Kong or midtown Manhattan. Yet the boom may still have room. Merrill Lynch forecasts India's property industry will grow to $90 billion by 2015, up from $12 billion in 2005. "You will need 100 DLFs...
...want to get a sense of the potential of India's car industry, count the country's motorbikes. Buzzing along Mumbai's crowded highways, standing outside modest homes in rural villages or packed into the parking lots of Bangalore software firms, motorbikes and scooters currently outsell passenger cars by more than six to one. As the country's booming economy pulls millions of people into the middle class, the first vehicle most people buy has two wheels, not four...
...Mumbai wedding planner Parthip Thyagarajan says it is not unheard of for families to spend as much as $500,000 on a wedding. "There's only a small percentage of people who spend such crazy amounts on weddings - probably just 10% of the wealthy Indians," he says, "but they are highly visible. Think Sant Singh Chatwal...
...Sometimes it is easier to put things in perspective from the other side of the world. "It is not the best feeling in the world to know that I'm taking away someone's job," said Sheelan Chawathe, who answers the phone for Delta Air Lines in Mumbai. He offered some advice: "Stop trading in your car every year and a half, and cut down going to Applebee's seven days a week to once a week. If you cut back, you can keep a pretty high standard of living...
...weeks after moving into an apartment in Mumbai, Veena Gowda found herself summoned to a meeting of the building committee to answer for her "indecent behavior." It turned out that her neighbors had been scandalized by the fact that the twentysomething woman was living not with a husband, but with a roommate. Not only that, she would often come home later - sometimes close to midnight! - and was known to have attended the occasional jazz concert. "Someone or other's always watching," says Gowda, now 35, a women's rights lawyer, and still single. "The neighbors don't really give...