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Old April 29th, 2010, 05:36 PM   #41
KuwarOnline
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Quote:
Originally Posted by ChennaiIndian View Post
Mumbai's success is not due to locals
bro just cant understand....why?? we cant just say that ....... we can give some credit to locals(70%of population) also....or u just say all credit goes to migrants(30% of population),.....well i understand that they(migrants) significantly help mumbai n themself too...to grow...

or need to rephrase bro....or let me to understand how,,,,30 % of population ONLY helped to grow mumbai... than 70% locals....

PS: no offence meant...

Last edited by KuwarOnline; April 29th, 2010 at 05:48 PM.
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Old May 2nd, 2010, 02:40 PM   #42
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Originally Posted by ChennaiIndian View Post
Now, here comes the contentious point...Mumbai's success is not due to locals and it is not the city of people of just one state. I know many would not like me saying this but this is what I feel is correct. Just like in Bangalore, the economy of Mumbai is mostly controlled by people who came in migrants long time ago. Its not with the locals.
That's true for every Global City. Its the migrant talent that makes megacities tick. No city can grow if it isolates itself.
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Old May 3rd, 2010, 12:36 PM   #43
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100% true....bro.... but we cant forget....locals....if not welcoming/not providing there land etc no city can be global...whether its mumbai or banglore....
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Old May 5th, 2010, 09:34 AM   #44
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Direct flights to India on the cards
May 05, 2010 Edition 2

Suren Naidoo

JUST days after the opening of King Shaka International Airport in Durban, it has emerged that Jet Airways, India's second-biggest airline, is considering introducing direct flights to Durban from Mumbai.

Naresh Goyal, the boss of privately owned Jet Airways, discussed the matter with KwaZulu-Natal Premier Zweli Mkhize on Friday. Dinesh Naidoo, marketing director of India's Serendipity Tours, also met Goyal.

Mkhize confirmed yesterday that talks were under way to secure a direct route between Mumbai and Durban. He emphasised that this was "a work in progress" and approval from aviation regulators was needed.

"Teams from the provincial government and Jet Airways will start working on this. Nothing has been finalised. We are serious about securing this route and want it to be finalised as soon as possible."

Full Story@ http://www.themercury.co.za/?fArticleId=5456915

The story was cut significantly due to space, but there will be a follow-up
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Old May 5th, 2010, 06:04 PM   #45
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List of television stations based in Mumbai

http://en.wikipedia.org/wiki/List_of...ased_in_Mumbai

correct me if i m missing some channels.
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Old May 5th, 2010, 06:14 PM   #46
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star world? star cricket? espn-star sports? or are all of these in hong kong/singapore?

neo sports (different from neo cricket). ten sports i believe is in dubai

discovery? history channel? NG? mgm? channel v? other music channels? sony?
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Old May 6th, 2010, 10:24 AM   #47
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Quote:
Originally Posted by Bombay Boy View Post
star world? star cricket? espn-star sports? or are all of these in hong kong/singapore?
yes.

Quote:
Originally Posted by Bombay Boy View Post
discovery? history channel? NG? mgm? channel v? other music channels? sony?
sony is based(HQ) in Mumbai, NG based(HQ) in delhi,,,

Well the above list contains only channels name who's HQ is based in Mumbai.
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Old May 6th, 2010, 01:59 PM   #48
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Quote:
Originally Posted by Jai View Post
Cool. Indiabulls has a reputation for building world-class buildings. From the article:
======================================================

I am not sure of the status of the NPt redev project, but this article sure puts some stress on the fact that Mumbai needs to quickly rethink abt what and how to do whatever needs to be done abt its premier CBD....If this chance is lost, Mumbai can forget abt being a financial capital of any consequence for the next 50 years atleast.

UBS, JPMorgan Quit India’s Manhattan as Buildings Rot

UBS, JPMorgan Quit India’s Manhattan as Buildings Rot (Update1)
May 06, 2010, 1:46 AM EDT

By Pooja Thakur
May 6 (Bloomberg) -- UBS AG and JPMorgan Chase & Co. are leading an exodus of finance companies from Mumbai’s Nariman Point financial district as they balk at paying double midtown- Manhattan rents for crumbling four-decade-old buildings.
UBS, Switzerland’s biggest bank, moved to a new complex on the site of a drive-in cinema about nine miles north. JPMorgan, the second-biggest U.S. lender, shifted to an adjacent suburb, while private-equity firm KKR & Co. went about three miles north of Nariman Point. Local lender Axis Bank Ltd. and broker Motilal Oswal Financial Services Ltd. are moving in the next year.
They are departing a district reclaimed from the Arabian Sea in 1940 that is marred by traffic jams and poor sanitation, and constrained by a 46-year-old law that limits building height. The city’s shortcomings and fragmentation may hinder Mumbai, with the fourth-most-expensive office space in the world, from establishing a financial center to rival Shanghai and Dubai.
“Transforming Mumbai into a world class financial center is very distant,” said Sunil Saberwal, chief executive officer of Bombay First, an organization modeled on London First to work towards the regeneration of Mumbai. “We are at least 15 to 20 years away from something like that. Even then, Mumbai will not be as beautiful as Dubai, but it will be functional.”
If Mumbai doesn’t get its act together by 2030 by improving transportation, housing and water systems, and reducing costs, the city may lose out to places such as Dubai as Western companies seek a base in the time zone, Saberwal said.
Dubai Showcase
Pritzker Prize winners Norman Foster and Zaha Hadid have helped turn Dubai into an architectural showcase as much as a financial hub. The Dubai International Financial Centre, an 110- acre, tax-free business park that opened in 2004, is home to the regional offices of Goldman Sachs Group Inc., Citigroup Inc. and HSBC Holdings Plc. The 200-story Burj Khalifa, the world’s tallest tower, opened in Dubai in January.
Mumbai, which contributes to a third of the nation’s tax collections, was ranked 49 in the Global Financial Centre Index, according to a survey by consultants Z/Yen Group Ltd. and published by the City of London. The index uses external sources to determine property and occupancy costs to judge competitiveness, and an online questionnaire from 1,455 respondents. Dubai is ranked 23rd and Shanghai 35th.
Formerly, bankers at Nariman Point were within walking distance of each other; today, no single location represents the business district which now stretches in clusters over 20 miles. Today, a Blackstone Group LP banker, still based in Nariman Point, would spend at least 45 minutes in a taxi to attend a meeting at JPMorgan’s or UBS’s new office.
“As long as connectivity is sub-optimal, you will find clusters developing,” said Pranay Vakil, India chairman of Knight Frank LLP. “The day the government does something about connectivity, the need to develop clusters will decline.”
Banks Expand
Banks, brokerages and financial service companies are expanding in India, the world’s second-fastest growing major economy after China. The benchmark Sensitive Index has risen 41 percent in the past year, bolstering overseas investors’ appetites for the nation’s stocks, and investment banking fees are set to rise in 2010 as the government sells a record 400 billion rupees ($9 billion) of assets and takeovers accelerate.
Investment banks’ increasing reliance on computer systems has forced them to upgrade data centers in India and seek buildings that have efficient cooling systems and plenty of access to electricity, said Anusha Bhagat, chief executive officer at UBS’s Indian unit.
“Buildings in Nariman Point were incapable of providing this kind of infrastructure,” she said. “Nariman Point was never planned for the world we live in today.”
Lower Costs
Zurich-based UBS a year ago moved its 115 employees into 50,000 square feet (4,645 square meters), more than four times the space it had in Nariman Point, in Bandra Kurla, a planned commercial complex that was created to decongest south Mumbai. The complex, spread over 370 hectares, is built on low-lying marshy land on either side of the Mithi River. Its occupants include India’s largest bourse, the National Stock Exchange of India Ltd., and the stock market regulator.
Lower costs along with synergies in having all employees in the same building were considered in the move, Bhagat said.
New York-based JPMorgan cited the same reasons behind its decision to move in September 500 employees to an eight-story building in North Mumbai with twice the space it occupied before.
“Location and ease of access for employees was a critical factor in selecting new headquarters for the firm in Mumbai,” said Mahesh Aras, JPMorgan’s chief operating officer for India. “We are able to provide employees with ample parking, spacious dining facilities. A gymnasium is also being planned on the premises.”
‘Swanky, Clean’
North Mumbai developed as rising real estate prices in the south extended the city’s reach north. Today, the suburbs boast sprawling residential colonies, high-tech corporate parks, hip nightclubs and restaurants, multiplexes, malls and world-class hotels, and the domestic and international airports.
“Here we are in swanky, clean buildings,” said UBS’s Bhagat. The old business district was plagued with problems ranging from the quality of the building, the condition of elevators, attitude of the owners and lack of professional management, she said.
New York-based KKR moved into the Peninsular Corporate Park in midtown in March. The complex of five buildings includes a restaurant, library, siesta lounge, convenience store and fitness facilities, as well as a spa.
Geographic Challenge
Mumbai, a city of 18 million people, is the fourth-most- expensive office location in the world with an average rent of $125.76 per square foot, according to a survey by Los Angeles- based commercial property broker CB Richard Ellis Group Inc. Rents in New York’s office district rank 26th at $64.51 per square foot.
Nariman Point is located on the tip of Mumbai Island. That in itself is providing a challenge for the improvement of the area as a law passed in 1991 restricts development on land affected by the tide, prohibiting construction within 500 meters of the coast.
Mumbai’s Floor Space Index regulations that stipulate the maximum building space for every square meter on a plot of land were introduced in 1964 and set at 4.5 times. The standard in cities with limited land is to raise the permitted FSI over time to accommodate urban growth, as in Manhattan, Singapore, Hong Kong and China, according to a World Bank report last year.
Instead, The Municipal Corporation of Greater Mumbai went the other way, lowering the permitted FSI to 1.33 in 1991. The result: almost all Mumbai’s buildings with an FSI exceeding 4.5 were built before 1964, and space consumption in the city averages 4 times, a third the 12 times in Shanghai.
New Infrastructure
Mumbai’s transformation into a “world class city” would require radical changes to transport, housing and sanitation, as well as a reduction in the slum population, consulting firm McKinsey & Co. said in a 2003 report. Mumbai occupies an area of 440 square kilometers (167 square miles).
An eight-lane sea-bridge connecting the northern suburbs with midtown was opened in July, a decade after the project was initiated with the costs overshooting more than five times the original budget. The 4.7-kilometer (2.9-mile) structure, more than twice as long as San Francisco’s Golden Gate Bridge, is intended to cut travel time by a sixth for commuters heading toward India’s financial hub.
The Mumbai Metropolitan Region Development Authority, which is responsible for the development of the city, has bought 700 buses, built five flyovers, installed modern traffic signals at 77 junctions, and added pedestrian bridges and underpasses at important junctions among initiatives, according to its Web site.
‘War Room’
“India has no choice but to make Mumbai into a global financial hub,” Ratnakar Gaikwad, metropolitan commissioner at the authority, said. “It has huge advantages over a Dubai or a Singapore as it has a robust securities and stock market and huge human capital. All we need is good infrastructure.”
The authority will complete a 146 kilometer metro rail project and build a 100 kilometer monorail in the city by 2014, Gaikwad said.
The development authority has set up a “war room” where it meets with other agencies including the Bombay Municipal Corp. to coordinate infrastructure projects and garner government support to clear up hurdles they encounter in their plans, Gaikwad said.
“There is a silver lining and light at the end of the tunnel,” said Knight Frank’s Vakil. “Things happen, only there is no sense of time here.”

Last edited by parthochoudhury; May 11th, 2010 at 05:09 PM.
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Old May 7th, 2010, 09:10 PM   #49
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'Ive been thinking for years that Nariman Point needed a major revamp and more taller buildings added by demolishing the old and building new.

The buildings need a major make over inside and out.

How is the Nariman Point make-over going? Wouldn't that help with revamping the area as well?
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Old May 8th, 2010, 04:28 AM   #50
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Sh*t's happening at NP
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Old May 8th, 2010, 10:54 PM   #51
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LOL
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Old May 10th, 2010, 06:43 PM   #52
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lets hope that GIFT and Dholera are made and Mumbai is left to rot like Kolkata....because authorities here are doning absolutely nothing....China's GDP in 1998 was equal to our in 2010....and they had Pudong with Jin Mao and Oriental pearl and Shenzhen alongwith Guangzhou....India is nowhere near it....shame
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Old May 10th, 2010, 07:06 PM   #53
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lol!
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Old May 11th, 2010, 09:34 AM   #54
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Pudong 1990...when China's GDP was less than ours...







In a period of 8 years and GDP equal to ours of 2010 thats is 12 years ahead of us in mere 8 years....Pudong 1998 with freshly built Jin Mao Tower...







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Old May 11th, 2010, 09:37 AM   #55
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1990 Pudong was nowwhere near Nariman point...but now its a century ahead....
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Old May 11th, 2010, 09:40 AM   #56
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And it will take Nariman Point a century to catch up with Pudong. We can let Parel be our Pudong, it's already closer (With quiet a few glass commercial buildings)
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Old May 11th, 2010, 11:01 AM   #57
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Quote:
Originally Posted by yashchauhan View Post
1990 Pudong was nowwhere near Nariman point...but now its a century ahead....
its the same for all of india innit? china's cities are way ahead of all indian cities, its hardly a surprise

dont expect nariman point to become pudong. its privately owned and india is not china. it will happen in fits and starts as and when its financially viable
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Old May 11th, 2010, 01:24 PM   #58
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Here is the list of software companies in Mumbai

http://en.wikipedia.org/wiki/List_of...nies_in_Mumbai

let me know if i missed something
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Old May 11th, 2010, 01:58 PM   #59
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@yashchoudhury - building skyscraper-cities is national policy in China. Not so in India. In India skyscrapers are evil symbols of greedy capitalists.
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Old May 11th, 2010, 02:52 PM   #60
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Quote:
Originally Posted by India101 View Post
And it will take Nariman Point a century to catch up with Pudong. We can let Parel be our Pudong, it's already closer (With quiet a few glass commercial buildings)
nariman point just does not have the area.

What catch up? Unless you reclaim huge chunks of land there will be no expansion.

Its BKC all the way.

secondly yash, this is NOT THE FREAKING THREAD TO POST ALL THIS.

Post it in the mumbai discussions thread.
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