What is the Megacity? - Mukesh Ambani's $75 Billion Project

[Surya 1]

What is the Megacity? - Mukesh Ambani's $75 Billion Project

Aug 11, 2021—4 min read

The popularity of Jio isn’t something hidden! We are well-familiar with the immense success of Mukesh Ambani’s Reliance Jio. After establishing its strong position in networking, Mukesh Ambani now aims for building an extremely advanced city near Mumbai, the Megacity. The city is expected to have great features and be entirely modern.
Currently, Mukesh Ambani, and the team are working on the blueprint of the company. This megacity is set with an approx. investment of $75 billion in the upcoming decade.
This project has been approved by Reliance Industries (RIL) which is acting as the special planning authority. Reliance Industries will be managing this project and also, supervise the administration of the city. This project will be cutting out the red tape, transaction time, and cost of the project.
This megacity includes the territory owned by Navi Mumbai Special Economic Zone (NMSEZ), which is around 4,300 acres. This specific land connects with the Jawaharlal Nehru Port Trust and to the construction of the new airport project.

The popularity of Jio isn’t something hidden! We are well-familiar with the immense success of Mukesh Ambani’s Reliance Jio. After establishing its strong position in networking, Mukesh Ambani now aims for building an extremely advanced city near Mumbai, the Megacity. The city is expected to have great features and be entirely modern.
Currently, Mukesh Ambani, and the team are working on the blueprint of the company. This megacity is set with an approx. investment of $75 billion in the upcoming decade.
This project has been approved by Reliance Industries (RIL) which is acting as the special planning authority. Reliance Industries will be managing this project and also, supervise the administration of the city. This project will be cutting out the red tape, transaction time, and cost of the project.
This megacity includes the territory owned by Navi Mumbai Special Economic Zone (NMSEZ), which is around 4,300 acres. This specific land connects with the Jawaharlal Nehru Port Trust and to the construction of the new airport project.
By March 2021, Reliance Industries signed a mutual memorandum understanding with the NMSEZ on the land lease contract and also, the development rights with the preliminary payment of Rs. 2,180 crores.
The project, Megacity, is set up to achieve the immense goals of uplifting the urban infrastructure as being established by a private sector player for the first time in modern India.
Reliance Industries signed the official memorandum of understanding with the Maharashtra Government in order to formulate an economic center at a global level. This would further include the world's top-notch integrated digital along with the services industrial areas in the form of a global alliance.

What is RIL's Megacity? - Mukesh Ambani's $75 Billion Project

The Indian billionaire businessman Mukesh Ambani is planning to build a megacity near Mumbai with an approx. investment of $75 billion.

startuptalky.com

 

[Surya 1]

Adani and Godrdj has built beautiful cities.

 

[Arulmozhi Varman]

So called megacities would only be an failure. It's the government that have to do it. Private sector can seldom invest and be successful.

In another universe, Tata had built and developed Jamshedpur and it's a wonderful city compared to others in India, but politicos want control of that town. And that would be the end result if some wants to emulate. China had built lots of empty township which had been unoccupied for years. Hope Ambani can spend money for better development.

 

[Black Tornado]

So called megacities would only be an failure. It's the government that have to do it. Private sector can seldom invest and be successful.

In another universe, Tata had built and developed Jamshedpur and it's a wonderful city compared to others in India, but politicos want control of that town. And that would be the end result if some wants to emulate. China had built lots of empty township which had been unoccupied for years. Hope Ambani can spend money for better development.

The title is misleading, RIL expects $75 billion investments in the city in next 10 years, and the city will be a big industry led city. Jamshedpur indeed is a great liveable city but we need more such private projects.

 

[Tshering22]

So called megacities would only be an failure. It's the government that have to do it. Private sector can seldom invest and be successful.

In another universe, Tata had built and developed Jamshedpur and it's a wonderful city compared to others in India, but politicos want control of that town. And that would be the end result if some wants to emulate. China had built lots of empty township which had been unoccupied for years. Hope Ambani can spend money for better development.

Not really. Gurugram in Haryana is an entirely private city. The only thing that the Haryana government did was to lay a red carpet on DLF and a few other construction giants. Everything including the rapid metro there is private. This is going to be the model of smart cities in the future as governments will be asked to become the means to approve stuff and private corporations will become the implementation organizations. At least in a chaotic democracy like ours, it is simply not possible to have the private sector's efficiency by the government, unless we switch tracks and decide to become like China - a single-party power state.

 

[jk007]

Adani and Godrdj has built beautiful cities.

Please specify which cities?

 

[Arulmozhi Varman]

Not really. Gurugram in Haryana is an entirely private city. The only thing that the Haryana government did was to lay a red carpet on DLF and a few other construction giants. Everything including the rapid metro there is private. This is going to be the model of smart cities in the future as governments will be asked to become the means to approve stuff and private corporations will become the implementation organizations. At least in a chaotic democracy like ours, it is simply not possible to have the private sector's efficiency by the government, unless we switch tracks and decide to become like China - a single-party power state.

Gurugram has both extremes. To this day, the local government machinery in Gurugram is zilch. The city still doesn't have underground sewage. DLF operates trucks to collect them and dispose them in 'you-know-what' Rivers. There is no municipal water connection. Everything is bore water. All they have is high rises and trains. Except for luxury areas, roads are poor even in middle class areas. If you don't own a car or 2 wheeler mobility is still poor.

Private cities can be successful only if government does their part in providing basic amenities. Not to mention they completely ignore poor people. In a city, all sectors of a people needs to live. So they can get work. Their place is untouched.
Now Lavasa was exclusively for rich people. Jamshedpur was for Tata employees initially. A reason why I hold Jamshedpur as an ideal city where some sort of livability exists for all sections of population.

 

[Tshering22]

Gurugram has both extremes. To this day, the local government machinery in Gurugram is zilch. The city still doesn't have underground sewage. DLF operates trucks to collect them and dispose them in 'you-know-what' Rivers. There is no municipal water connection. Everything is bore water. All they have is high rises and trains. Except for luxury areas, roads are poor even in middle class areas. If you don't own a car or 2 wheeler mobility is still poor.

Private cities can be successful only if government does their part in providing basic amenities. Not to mention they completely ignore poor people. In a city, all sectors of a people needs to live. So they can get work. Their place is untouched.
Now Lavasa was exclusively for rich people. Jamshedpur was for Tata employees initially. A reason why I hold Jamshedpur as an ideal city where some sort of livability exists for all sections of population.

I agree. Gurugram functions more like a company rather than a city. What I am saying is that the future will see more private participation in city development and beyond the role of just creating buildings. There is no denying this reality. Since the government machinery is so inefficient, until there are major reforms in the government sector, private contractors will take charge.