A residential building collapsed in India's financial capital of Mumbai early Friday, killing at least three people and sending rescuers racing to reach dozens of people feared trapped in the rubble. At least 25 people were rescued by late afternoon. Hundreds of onlookers cheered and chanted "baby, baby" as rescuers pulled a small girl alive from the rubble 11 hours after the collapse. It was the third deadly building collapse in six months in Mumbai, in a country where shoddy construction and lax inspections make such disasters all too common. Relatives of the missing wailed and clung to one another, as heavy machinery lifted the largest slabs of concrete away. Dozens of rescue workers hacked away with crowbars at the flattened remains of what was once a five-story building. At least three people were killed, said Alok Awasthi, local commander of the National Disaster Response Force. "Approximately 80 to 90 people are believed to be left behind in the building and trapped," Awasthi said, indicating the death toll could soar higher in the coming hours and days. The building collapsed just after 6 a.m. near Dockyard Road in the city's southeast. Awasthi said that it was owned by the Brihanmumbai Municipal Corp., the city's municipal government, and that most of the people who lived in its 22 apartments were city employees. Mumbai has already seen two similar disasters this year. At least 72 people died in April when an illegally constructed building fell down, and in June, at least 10 people, including five children, died when a three-story building collapsed. Across India, buildings falling down have become relatively common. Massive demand for housing around India's fast-growing cities combined with pervasive corruption often result in contractors cutting corners by using substandard materials or adding unauthorized floors.