Can container based housing solve Mumbai's housing woes ?

Could this be a solution to counter the growing scarcity of living space, not only in Dharavi, Mumbai - the world's largest slum, but in other places as well ?

http://www.gizmag.com/shipping-container-skyscrapers-crg-architects/39017/

 Structural stability, effective drainage, waste recycling and the need for cooling in summer are major hurdles.

But man's innovation has no limits ! Very soon an effective cheap solution will surface ..

George