Category: Bombay

The sacred bull: Part 3, perverting politics

29 July, 2011 (10:23) | Bombay, Egypt, Global news, India, Mumbai, New York City, Rent control, Speculation | 1 comment

 [Continued from yesterday's Part 2 and the preceding Part 1.]    By: David A. Smith    Yesterday’s post, Part 2 of a series on Mumbai’s horrible rent control laws, cited Sulakshana Mahajan’s paper on the consequences of Mumbai rent control, which she calls, “The main culprit in slumming Mumbai.”    Rent controlled apartments in Mumbai, October, […]

The sacred bull: Part 2, strangling new production

28 July, 2011 (13:20) | Bombay, Egypt, Global news, India, Mumbai, New York City, Rent control, Speculation |

[Continued from yesterday's Part 1.]   By: David A. Smith   Yesterday’s post opened with brave words from new Urban Minister Kamal Nath, reported in India’s Economist Times as Property owners demand reform (Jun 11, 2011),  that he would move legislation to reform Mumbai’s sacred bull,   You may think you’re sacred, Nandi, but Kamal […]

The sacred bull: Part 1, outlasting the building

27 July, 2011 (11:12) | Bombay, Egypt, Global news, India, Mumbai, New York City, Rent control, Speculation |

By: David A. Smith    Doomed to die of economic starvation: La Kozy, Mumbai   Because every nation’s housing ecosystem is unique in its particulars, we tend to be oblivious to disturbing precedents around the world – yet the parallels are there, as I discovered when researching my bete noire, rent control, and delved into […]