Mumbai Discussions

[Cov Boy]

Marine Drive needs its Art Deco buildings to be renovated like in Miami.

Mumbai can build skycrapers like Shanghai if it had the space!

There is height restrictions in BKC and close to the airport so not feasible. You will also need permission from AAI for clearance for skycrapers at BKC so you will have a tussle between Delhi and Mumbai. Developers can build to a height of 12 stories and thats it.

Anyway BKC has some nice buildings like IL&FS, ICICI, SEBI, The Capital (u/c), Oberoi Hotel, Workhardt, National Stock Exchange, Windsor as examples so skycrapers aren't everything therefore making BKC unique.

[niknak]

Originally Posted by Cov Boy

Marine Drive needs its Art Deco buildings to be renovated like in Miami.

Mumbai can build skycrapers like Shanghai if it had the space!

There is height restrictions in BKC and close to the airport so not feasible. You will also need permission from AAI for clearance for skycrapers at BKC so you will have a tussle between Delhi and Mumbai. Developers can build to a height of 12 stories and thats it.

Anyway BKC has some nice buildings like IL&FS, ICICI, SEBI, The Capital (u/c), Oberoi Hotel, Workhardt, National Stock Exchange, Windsor as examples so skycrapers aren't everything therefore making BKC unique.

BKC is NOT in the flight path, so it should be able to build tall buildings!!

[dhim100]

Is the height restriction determined by real experts or the so called "expert"? BKC is at least 2 kms from the runway and definitely not in the flight path. Now compare that to Las Vegas, the entire strip with 40-50 storey casinos is just a few kms from the airport. Especially Mandalay Bay (two 40+ storey towers) and Tropicana (two 20+ storey towers) are hardly 500m from the runway (check it out in google map). Are those "experts" being paranoid for no reason?

[patentneer]

Ok! Airport is wot?

2-3 strips runway and adjacent land.
Now recently Mumbai airport was renovated for over $ Billion, I say most of the $'s was spent on extras, ... modular, movable stuff like software, avionics gear, displays, lounges, lighting ... LAND NOT BOUGHT!

So what's the problem moving the airport to Navi Mumbai? Everyone does it. No big deal. And consider the payback ... maybe build 3 new airports for the price. And yeah I agree that no tall towers near airport is too bogus ,
... Hong Kong airport anyone ... smells fishy ... like BIG 'hafta/baksheesh' opportunity for neta-corporator-mafia nexus no?

That ghetto bang opposite Bandra-Kurla is looking like it's dying to go boom-VERTICAL ... manhattan-Pudong style. BKC has set the stage ...

... hehe ... Pu-DONG ... now ... hehe ... what's in a name you say ... consider ... pu-DONG any guesses wotis sorrounding area called ... Pu**y ... ... is it just me ... or r the Commies ever politically incorrect or ... wot ...

[niknak]

Originally Posted by patentneer

Ok! Airport is wot?

2-3 strips runway and adjacent land.
Now recently Mumbai airport was renovated for over $ Billion, I say most of the $'s was spent on extras, ... modular, movable stuff like software, avionics gear, displays, lounges, lighting ... LAND NOT BOUGHT!

So what's the problem moving the airport to Navi Mumbai? Everyone does it. No big deal. And consider the payback ... maybe build 3 new airports for the price. And yeah I agree that no tall towers near airport is too bogus ,

You don't make ANY sense!!

1- Mumbai airport spent billions of dollars building 2 world class terminals....you can't just move that to Navi Mumbai!

2-What's the problem moving the airport to Navi Mumbai-- right now the problem is environmental damage and land acquisition. It IS a big deal. You can't just do anything "because everyone does it"!!

[KuwarOnline]

The country’s financial hub, Mumbai, and the National Capital New Delhi are among the world’s 10 most expensive cities for expatriates to live in, says a survey by global HR consultancy Mercer.

According to the survey on housing costs and practices for employees sent on overseas assignments,Mumbai has emerged even more expensive than New York City in the United States China’s capital Beijing.


Mumbai has been ranked as the world’s fourth most expensive city in terms of rental property for expatriates, while New Delhi is eighth, the survey for February 2009 said.

Mumbai has moved up by one notch from its fifth position in the September 2008 survey, while New Delhi has fallen two places from its sixth place in the previous ranking.

Russia’s Moscow has topped the list of world’s most expensive cities and is followed by Tokyo (second), Hong Kong (3rd), Mumbai (4th) and New York City (5th) as the five most expensive cities across the globe for expats to live in.

The survey highlighted that Asian cities have dominated the list of the world’s costliest locations for expats living there, with as many as six locations from the region being among the world’s top 10.

Moscow is the world’s most expensive city to live in.
In second place - in terms of most expensive city to live in - is Tokyo.
Hong Kong is in the third place.
Mumbai, as stated earlier, is the world’s 4th most expensive city to live in.
New York City is fifth most expensive.
In sixth place is Beijing.
Geneva is the world’s seventh most expensive city to live in.
New Delhi is the 8th most expensive city to live in.
London is the ninth most expensive city to live in.
Singapore is the 10th most expensive city to live in.
Shanghai is the 11th most expensive city to live in.

http://www.hobugobu.com/2009/04/worl...tliest-cities/

[ChennaiIndian]

Unfortunately, the infrastructure of Mumbai and Delhi are not worth to be so expensive compared to the other global cities. It is just the high population per square km that is making these places expensive compared to its Western counterparts.

[IchimaruGin1]

Originally Posted by ChennaiIndian

Unfortunately, the infrastructure of Mumbai and Delhi are not worth to be so expensive compared to the other global cities. It is just the high population per square km that is making these places expensive compared to its Western counterparts.

no

thats just a wrong analysis.

Its the Indian rupee which is getting stronger with respect to the USD.

If China floats its currency Beijing/shanghai will be more expensive than Mumbai or Delhi.

Also the fall of the pound and Euro also makes them cheaper.

[Bombay Boy]

chennai's analysis is more true

[IchimaruGin1]

Originally Posted by Bombay Boy

chennai's analysis is more true

its not for this argument.

Nowhere did i say Mumbai or Delhi have the infra to warrant such expensive office rates.

However if you noticed the Mercer expensive index when the rupee fell Mumbai was the 68th most expensive place in the world.

Then the rupee rose it became the 38th most expensive in the world.

So it largely depends fluctuation of the rupee v the Dollar.

[KuwarOnline]

i would say both ichi n chennai analysis are correct.

[myspacebardontwork]

Kinda off topic, however, someone was telling me that the small but long garden between Taj President and old Cuffe Parade (Seawind etc) was a parking lot a coupla years back.

Anyone have any pics of it back then? Been going there for years, but don't ever remember seeing a parking lot there.

[Bombay Boy]

Originally Posted by IchimaruGin1

its not for this argument.

Nowhere did i say Mumbai or Delhi have the infra to warrant such expensive office rates.

However if you noticed the Mercer expensive index when the rupee fell Mumbai was the 68th most expensive place in the world.

Then the rupee rose it became the 38th most expensive in the world.

So it largely depends fluctuation of the rupee v the Dollar.

the exchange rate may explain some movements within the rankings. but the basic rates charged for property in india, whether in rupees or dollars, is too much

and mercer rankings are not related to land prices alone, so hardly relevant

[KuwarOnline]

Originally Posted by Bombay Boy

mercer rankings are not related to land prices alone, so hardly relevant

but it does say that property rental...

[ChennaiIndian]

http://www.thehindubusinessline.com/...2653540100.htm

Lodha Group bids Rs 4,053 cr for MMRDA plot; plans residential complex.

The plan

According to the Lodhas, the total floor space index of the property is 4,95,000 sqm. The expected saleable area is about 75 lakh sqft and could fetch Rs 14,000 a sqft onwards.

S. Shanker

Mumbai, May 25

The Mumbai-based real estate developer Lodha Group has bid Rs 4,053 crore or Rs 81,818 a sq metre for a 25,000 sqm plot in an auction conducted by the Mumbai Metropolitan Region Development Authority.

The Authority had invited bids for developing an iconic structure at Wadala on design, build, own, operate and transfer basis. The Lodhas' quote is more than double the reserve price of Rs 40,000 a sq metre set by the Government agency.

Four bids were received by the MMRDA for its property. Sunteck India bid Rs 3,465 crore, Indiabulls Real Estate Rs 3,327.50 crore and Gaurhari Estate Rs 2,251.99 crore. MMRDA has permitted payment to be spread over five years.

According to the Lodhas, the total floor space index of the property is 4,95,000 sqm. The expected saleable area is about 75 lakh sqft and could fetch Rs 14,000 a sqft onwards.

The Lodhas plan to construct residential space on the land.

‘Iconic development'

Mr Abhisheck Lodha, Managing Director, Lodha Group, said: “We are pleased to associate with MMRDA to build this iconic development. MMRDA has done a tremendous job with the development of BKC (Bandra Kurla Complex) and we are sure that they will do an equally good job in this area at Wadala.

...

[ChennaiIndian]

One more reason for Delhi and Mumbai to be over expensive is the land mafia which controls every single inch of land in those places. They have made sure that only the rich can afford all these and the poor is being kicked around. They are very powerful, something that is very common in a corrupt society like India.

[ChennaiIndian]

I wanna add one more thing...unlike Western cities which are nicely planned and have demarcated business (downtown) and residential districts (uptown, suburbs etc.), Indian cities have a mix of these. Unfortunately, for people living in the business districts (downtown), everything is costly.

[IchimaruGin1]

Originally Posted by ChennaiIndian

I wanna add one more thing...unlike Western cities which are nicely planned and have demarcated business (downtown) and residential districts (uptown, suburbs etc.), Indian cities have a mix of these. Unfortunately, for people living in the business districts (downtown), everything is costly.

BKC is fully demarcated.....

this auction took place in BKC so while I agree that there is a land mafia in Mumbai. This particular sale has nothing to do with that practise....

[ChennaiIndian]

As I said, the mix of business and residential districts is more in Indian cities than their Western counterparts.

[IchimaruGin1]

Originally Posted by ChennaiIndian

As I said, the mix of business and residential districts is more in Indian cities than their Western counterparts.

hmm thats really not true.

I have been to Canarf Wharf in London and its the same as Mumbai and BKC. Google map it.

The downtown concept is a north American one. With Europe is a mixture of Residential and Commerical business in many cities.

BKC is a specially created Central Business District from land reclaimed from swamps.