A four-story residential building collapsed in India's financial capital of Mumbai overnight, killing at least 14 people and injuring 13 others, with more feared trapped under the rubble, officials said on Tuesday.

Part of the building, located in a crowded suburb of Kurla, in the central part of the city, crumbled to the ground around midnight on Monday, the city's civic body Brihanmumbai Municipal Corporation (BMC) said.

Rescue workers were working to pull out debris and rubble late on Tuesday, with work hampered by heavy rain.

According to local media, residents of the building had been repeatedly warned about the condition, but they insisted on staying there. 

Building collapses are common in Mumbai during monsoon season, mostly due to poor construction.

(With input from Reuters)