Penthouses and poor doors: how Europe's 'biggest regeneration project' fell flat

Few places have seen such turbocharged luxury development as Nine Elms on the London riverside. So why are prices tumbling, investors melting away and promises turning to dust? Every morning, when Nadeem Iqbal wakes up and walks into his living room, he has a view of a miraculous world first. A crisp oblong of crystal clear water now hangs in the air between two apartment buildings opposite his balcony, a liquid blue block suspended against the sky with the gravity-defying quality of a Magritte