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India Developing, but still a long way to go

Mumbai Coastal Rd. Project
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Re: above, I wish to see the above and the other Mumbai Port and/or East Coast redevelopment as an excuse to conduct massive land reclamation for paid public use and recreational purposes like parking, malls, open air theaters, misc. public places like Delhi Haat style paid stalls and specially lots and lots of sports facilities for cricket, football, badminton, tennis that take up a lot of space at ground level.

BMC can plan and migrate said public spaces from within the city and even un-lock value by re-purposing existing public venues as paid for projects by conversion to malls, real-estate while 'shifting' their brand value to the reclamation. For eg. as Mahalaxmi racecourse becomes a political hot potato, it can be converted to a massive, for profit-hotel, casino cum convention center district and the money raised can go to buidling 1/2 dozen racecourses on the reclamation all along the the coast, why should SoBo have all the fun and why not others.
This may boost real-estate all along the coast and that can be factored in to the reclamation.

After all their are no slums in the ocean so not so much resistance except for the sea shore facing property holders, but they cna be co-opted by making them stake-holders in the reclamation and by keeping the reclamation below eye-level blockage of views.

Tianjin
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  1. On another topic, India's GST is bringing in $ 20 Billion/month. GST will stabilise to $ 250 Billion/yr.

    Software exports @ $108 Billion, Remittances are $ 65 Billion, Oil, Diamonds, Pharma, Textiles are each @ 25 Billion and growing. Auto and auto parts have lots of room to grow @ $10 Billion.

    All is well, the future is bright. Exports are a mix of sunrise and country advantage items like textiles, imports are likely to decline over time; specially energy imports.

  2. On yet another topic, Delhi NCR has 110 million sq./ft of office space. Interestingly, almost 100 million of that is prime, Grade - A office space filled by the likes of Google, MS, IBM, Accenture, Deloitte, Cap Gemini, SAP, Oracle, HCL, Cognizant, Infosys, Hauwei, Samsung, Global Airline, Consulting and specially Telecom offices. And of course the Govt. of India.
  • So I took 110 million / Delh NCR population 17 million = 6.8
Therefore there is a proper and Grade A office job for 1 in 6.8 Delhi NCR residents. Average family size in the area being 7, 1 in every family is employed in an office; with the vast 90 % majority in Grade-A offices. Here's a breakdown re: all the Halwais, chaiwallaah's and rickshaw guys also etc. per wiki:

" Delhi's unemployment rate decreased from 12.57% in 1999–2000 to 4.63% in 2003.[120] In December 2004, 636,000 people were registered with various employment exchange programmes in Delhi.[120] In 2001 the total workforce in national and state governments and the quasi-government sector was 620,000, and the private sector employed 219,000.[120]

  1. Key service industries are information technology, telecommunications, hotels, banking, media and tourism.[121]
  2. Construction, power, health and community services and real estate are also important to the city's economy. Delhi has one of India's largest and fastest growing retail industries.[122]
  3. Manufacturing also grew considerably as consumer goods companies established manufacturing units and headquarters in the city. In 2001, the manufacturing sector employed 1,440,000 workers and the city had 129,000 industrial units. Delhi's large consumer market and the availability of skilled labour has also attracted foreign investment.
 
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5 Indian Companies Listed in Thomson Reuters "Top 100 Global Tech Leaders" 2018

HCL
TCS
Infosys
Tech M
Wipro

and the list has only 3 Chinese companies
https://www.thomsonreuters.com/en/products-services/technology/top-100.html

^^^
Howzzat, don't know how they figure that out.
  • Accenture for eg. is registered in Ireland, and word is 1/2-1/3 of it's staff is Indian, same for Cognizant, IBM, Cap Gemini, Deloitte, SAP, Oracle more or less
How many of the Co.'s are registered in the Bahamas, Canaries, Ireland and who knows where?

Inversely, physical property like real estate is a solid asset to track. Specially Grade-A commercial office space, India is sitting at 500 million sq. ft. Worplace density is naturlly higeher then the US so I took 1/2 of America. That is, in the US each high tech Grade-A type employee works at 100 sq. ft. space so India is 1/2 at 50 sq. ft. Therefore, 500 million / 50 = 10 million jobs. I think 1/2 of US space in India, that is generous on my part. So this elite sector along with associated elite sector jobs employs 1-to-2 in 10 of India 500 million middle class

Indians Are Getting Rich Faster Than Others
 
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. . .
Mumbai's Billionaire Row, Malabar Hill
- the 4'th tallest tower, to the right and behind the twin towers is Mukesh Ambani's very tall house.
28151595_172159996747767_1180669424290496512_n.jpg

(c) https://s13.postimg.org/jbrlq9fzr/28151595_172159996747767_1180669424290496512_n.jpg

Mumbai's Middle-Class Row
- Mumbai MMR's suburban and predominantly middle class precinct
27880856_2011790809093994_407449060446830592_n.jpg

(c) https://instagram.fsin2-1.fna.fbcdn...856_2011790809093994_407449060446830592_n.jpg

Technically speaking, with proper infra. coming up re: Mumbai MMR region, the vast scope of re-development in the MMR is plain to see in the above pic.'s.

The real money is in middle class housing re-development and land reclamation however talk of slum, chawl and mill land development distracts from the core issue.

Re: land reclamation and mainland extensions, Mumbai MMR has limitless expansion options a la Dubai.
 
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I have never seen a skyline as full of cranes as this, Ozzies say it's a sign of ''Peak-ing'' re: development and real-estate issues. IMHO, that Ozzie thing is bollocks re: India, ... Mumbai.
 
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As the 2 most populous country, the economy continues to develop and is beneficial to the world.
 
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Indira Gandhi International Airport | Delhi | DL

Having processed 63.5 million passengers in 2017, Delhi IGI has surpassed Changi, Incheon and Bangkok airports in terms of passenger growth and is now the 7th busiest airport in Asia and among the top 20 busiest airport across the world.

DXnDYfXXkAEWqPG

cc: DEL, on Twitter
 
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