In the minds of Mumbai residents, whether they sleep on streets or silk sheets, property developers loom large. In films and novels, skyscraper-erecting baddies bring wealth and renewal—and often misery and violence. Yet in reality, buildings do not loom as large as you might think in Mumbai. Take the view from one of the towers clustered in midtown, owned by Abhisheck Lodha, a razor-sharp American-educated tycoon making billion-dollar bets on transforming the city.