This only shows the rise-and-rise of political power and patronage in our country instead of business/ commercial power. Mr.Ninan, this is a shame for the country, not something to rejoice.
Delhi gets unlimited, yes unlimited amounts of Central Funds, while Mumbai has to beg continuously, take a look at what Laloo Yadav has given to Mumbai. Nothing! The politicial power is such that every small local infrastrucutre project needs approval from the babus of Delhi. They are slowly strangulating Mumbai.
RE:Delhi coming to no.1 is a NATIONAL SHAME!
by milind sabnis on Jul 12, 2008 05:41 PM Permalink
Mr. Ninan, your example of DLF and Unitech. Goes without saying how much the success of a realty project is dependent on political and regulatory approval. Mumbai cos are not able to manage this aspect and hence realty cos from Delhi. These realty cos are nowhere high tech, they are just adept in getting approvals for buying lands. Remember the land baron in "Khosla ka Ghosla" movie. These are the same people.
