WHAT PRICE DEVELOPMENT?
Central Mumbai today is a hub of high end malls and residential towers. According to the prologue of Mahesh Manjrekar’s film City of Gold (Lalbaug Parel in Marathi), real estate there costs Rs 70,000 per square foot.
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A LOST CAUSE
Mumbai was once known as the Manchester of the East for its bustling textile mills located in the centre of the city and employing nearly
2.5 lakh workers. In 1982, labour leader Dr Datta Samant called for a strike to
demand pay hikes and bonuses for the workers. The strike, which lasted 18
months, crippled the textile industry and as mill-owners started moving their
units outside the city and the strike eventually collapsed, over half the
city’s textile workers lost their livelihood. Gradually mill-owners started
selling the lands on which these mills once stood for commercial exploitation
and the hopes of Girangaon’s workers for going back to work and being
compensated for their loss of livelihood started fading very quickly. Today
malls, commercial establishments and high-rise residential complexes have
replaced the city’s textile hub.
Continue reading "REVIEW: Lalbaug Parel" »
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