Fire Fighters and the two quick-reacting teams of National Disaster Response Force (NDRF) are at the collapse site, analyzing and searching the survivors and people trapped inside.
Narrow lanes in the Abdul Hamid Durgah area of Dongri in South Mumbai made it very hard for the official agencies to reach the spot.
The G+4 building "Kesarbai" in Dongri collapsed approximately around 11 am today.
At least three more people were killed in another wall collapse in Kalyan near Mumbai.
"We have moved five of our vehicles to the spot".
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Local residents also joined in the rescue effort and formed a human chain to help remove the debris.
Condemning the incident, AAP slammed the BMC for criminal negligence with regards to dilapidated buildings.
The cause of the collapse in the Dongri area in southern Mumbai was not clear.
In May, the BMC had identified 499 buildings as "dangerous" because they were old, rundown and violated safety rules; a year ago it was 619.
Maharashtra state's top elected official, Devendra Fadanavis, told reporters that the building was about 100 years old and that 15 families were living there at the time.
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Waris Pathan, an opposition politician, said the building was a death trap, with authorities saying they had no money to rebuild the structure. Some part of Kesarbai building was left standing after the collapse.
As a precautionary measure, the police evacuated an adjoining building. "Here we have one of Mumbai's oldest neighborhoods crumbling, people being forced to live precariously in dilapidated structures and the civic administration turns a blind eye", said Preeti Sharma Menon, Nation Executive member of AAP.
-PTI reported that ambulances could not reach the spot and had to be parked around 50 metres away.
As the incident came to light, firefighters swung into action to rescue the trapped victims out of the building.
An eyewitness said the building collapse felt like a quake.
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Some of the buildings are so old that fix is not the answer.