Mumbai (previously known as Bombay) is the capital city of Maharashtra located on the West coast of

India, which is also the home to the well-known, Bollywood. Bollywood, which has become a thriving
multi-million-dollar industry producing more movies than anywhere else in the world, including
Hollywood. Along with a thriving film industry, Mumbai is also a leading commercial, financial and
industrial Megacity. It has the highest GDP (Gross Domestic Product) in the South, West, and Central
Asian regions. It is also the wealthiest city in India which is due to Mumbai being the home to multiple,
high-income financial institutions, increasing the poor living standards of Mumbai inhabitants by offering
higher-paying jobs.

Some of the reasons for housing problem in Mumbai

1. Megacity
2. Finance capital
3. Bollywood
4. Dharavi slum
5. Tourism

1. Megacity

A megacity is a city that has a population of 10 million or more inhabitants. Some examples of these
cities are New York, Tokyo, Beijing, Sao Paulo, and many other cities, mostly located in Asia. Some
megacities combine to create mega regions. They are linked by transportation routes; this makes it easy
for citizens to move from each city.

2. Finance Capital

Mumbai is one of the most rapidly developing regions in India. The capital city of the Indian state of
Maharashtra, Mumbai is spread out over 603 square kilometres of archipelagic land mass. Mumbai
stands tall as it is the hub of economic development, contributing to as much as 5% of India’s total GDP
and it finds its name amongst the top 10 commercial centres across the world. Being the most populous
city of India, as it attracts people from across the nation with its never-ending avenues of employment in
all fields ranging from the financial services and information technology to multi-million-dollar
Bollywood film industry.

3. Bollywood

Mumbai, India’s entertainment capital and home to Bollywood, is one of the most prolific centres of
film production in the world. Still there are so many misconceptions about the industry even the
cinephiles, before describing what Bollywood is, it becomes an imperative to describe what not
Bollywood is. Films are made in various other languages in India, and each language’s industry
carries its own name like (“Tollywood” and “Ollywood”).The Indian film industry is the biggest in the
 world, with the American counterpart placing third behind Nollywood, Nigeria’s equivalent.
According to India’s censor board, more than 1600 films were produced in the country in 2012.

4. Dharavi Slum

Dharavi Slum is the largest slum in Asia and is home to more than a million inhabitants. This is due to
rent being as low as $4 a month, in some areas, compared to house rents in the city being among the
highest rent in the world. Many buy cheap shelters to earn their living at first but there are some second
or third-generation residents living there today. Located in the centre of the city, the Dharavi Slum used
to be inhabited by fishermen who moved away after the site became too overcrowded with pollution.
Soon after, rural migrants began to inhabit the slums, as it was cheap and available.

5. Tourism

The Gateway of India is one of the main tourist sites in Mumbai, Maharashtra. It is over 90 years old,
since its first opening, and took 13 years to build. Some other tourist sites include Chowpatty Beach,
Siddhivinayak Temple, Sanjay Gandhi National Park, the Elephant Caves, and Island, and Essel World.