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

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