I'm now recommending Suketu Mehta's account of Bombay, "Maximum City". Thanks to the blog I have a record here of what I thought when I read it myself three years ago.
The post also reminds me that in February 2005 the BBC was reporting on Bombay slums being forcefully cleared. In 2008 The Times reports:
A flagrant style of luxury living is springing up above Bombay’s densely populated slums for a select few prosperous enough to spend up to £5 million on a designer apartment.Bombay is the seventh most expensive place in the world to buy an apartment, according to the Global Property Guide, despite half the 18 million population living in slums without a lavatory or running water.
I propose a new HTML tag to be used a follows:
That's <irony> progress </irony> I suppose.