Why GIFT City could be the next big thing?
To understand this better, let’s understand how Bandra-Kurla Complex in Bombay shaped up.
In 1977, the Maharashtra government decided that it wanted to decongest Nariman Point-Cuffe Parade area of South Bombay. Why?
It got just too crowded with offices and government sitting at the bottom end of the Bombay Peninsula.
Hence, the 370 hectares of marshy land along the Mithi river was selected.
It was equidistant from Kurla and Bandra sub-urban railway lines (3-4 KMs) and at the center point of Bombay.
But, initially it did not offer last-mile connectivity like offices in South Bombay did. Hence, people/offices were hesitant to shift to BKC. It took a lot of convincing (read: Diamond Bourses) and liberalization (read: all wanted offices in Bombay) for offices to open up in BKC.
Today, it is the most prominent business space in India. Similar was the case with Gurgaon in Delhi, where such efforts paid off in creating a parallel CBD to Connaught Place.
Still, the transportation system is poor to BKC (should improve when the metro and high-speed rail comes by).
Unlike previously, the government currently invests heavily on infrastructure. Take GIFT City.
Future development areas are already pre-notified (unlike in BKC, where people are now searching for Grade A/B offices in Parel/Thane). In addition, metro connectivity from Gandhinagar-Ahmedabad twin-cities is in works.
Government’s push to bring investments in GIFT City (NSE IE, Google) coupled with proposed liberal regulations for NRI investments in GIFT city and good infra (high-speed rail + metro + access airport) further puts it in a better position.
When liberalization came to #India in 1991, money was to be tapped available in Bombay. Now if regulations favor NRIs/foreign investors/foreign universities, GIFT city is expected to benefit similar to how BKC benefitted.
And of-course, a less congested city to live in for the working population. Pune and Bangalore are examples of how mobile talent can give a new life to a traditional city.
Government push + right infra = Helps in shifting the business districts much faster than the normal course.
It took 30 years for BKC to become what it is. Might just take lesser for GIFT City.
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Disc. Views are solely my own & not of my employer. Shashank Kamath GM Bajaj Finserv.
To understand this better, let’s understand how Bandra-Kurla Complex in Bombay shaped up.
In 1977, the Maharashtra government decided that it wanted to decongest Nariman Point-Cuffe Parade area of South Bombay. Why?
It got just too crowded with offices and government sitting at the bottom end of the Bombay Peninsula.
Hence, the 370 hectares of marshy land along the Mithi river was selected.
It was equidistant from Kurla and Bandra sub-urban railway lines (3-4 KMs) and at the center point of Bombay.
But, initially it did not offer last-mile connectivity like offices in South Bombay did. Hence, people/offices were hesitant to shift to BKC. It took a lot of convincing (read: Diamond Bourses) and liberalization (read: all wanted offices in Bombay) for offices to open up in BKC.
Today, it is the most prominent business space in India. Similar was the case with Gurgaon in Delhi, where such efforts paid off in creating a parallel CBD to Connaught Place.
Still, the transportation system is poor to BKC (should improve when the metro and high-speed rail comes by).
Unlike previously, the government currently invests heavily on infrastructure. Take GIFT City.
Future development areas are already pre-notified (unlike in BKC, where people are now searching for Grade A/B offices in Parel/Thane). In addition, metro connectivity from Gandhinagar-Ahmedabad twin-cities is in works.
Government’s push to bring investments in GIFT City (NSE IE, Google) coupled with proposed liberal regulations for NRI investments in GIFT city and good infra (high-speed rail + metro + access airport) further puts it in a better position.
When liberalization came to #India in 1991, money was to be tapped available in Bombay. Now if regulations favor NRIs/foreign investors/foreign universities, GIFT city is expected to benefit similar to how BKC benefitted.
And of-course, a less congested city to live in for the working population. Pune and Bangalore are examples of how mobile talent can give a new life to a traditional city.
Government push + right infra = Helps in shifting the business districts much faster than the normal course.
It took 30 years for BKC to become what it is. Might just take lesser for GIFT City.
-
Disc. Views are solely my own & not of my employer. Shashank Kamath GM Bajaj Finserv.
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RBI Induction Training Days, pic taken at Vrundavan Garden, Mysuru❤️And I am wearing the Same T Shirt in the Video🙏🙏
On T-shirt Pocket, it’s written as RBSC in white letters, it’s Reserve Bank Staff College.
On T-shirt Pocket, it’s written as RBSC in white letters, it’s Reserve Bank Staff College.
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If you have actually tracked your day to day expenses then you will realise that ground level inflation is appx 20-30% after Covid and RBI says it’s below 6%🤦🏻♂️
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Forwarded from ABC ABC
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Forwarded from ABC ABC
Please go though this file, it will take 30-35 Mins…very productive👍
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One should try to reach one day before…but also one can reach by night…take proper hotel or lodge have good sleep…some tea snacks in the morning and then reach exam center…every year 100-200 Stduents miss the exam due time mismanagement.
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