Infrastructure and Energy Sector

Haldilal

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thebakofbakchod

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The average Indian is getting scammed big big time in real estate. Average housing cost in 100 biggest cities in China is 16,244 yuan (US$2288) per square metre, so roughly 19,119 INR per sq ft. This is with much much higher average salaries and better infrastructure and services. Mumbai's new housing cost is already INR 20,047 per sq ft, while other big Indian cities are around 10k INR per sq ft. New housing is completely unaffordable to majority of new buyers. They will be forced to buy/rent a house in colonies or older societies. Building mass housing societies like Noida is the only way that will allow the newer generation of Indians to buy proper apartment housing in cities.
 

Azaad

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The average Indian is getting scammed big big time in real estate. Average housing cost in 100 biggest cities in China is 16,244 yuan (US$2288) per square metre, so roughly 19,119 INR per sq ft. This is with much much higher average salaries and better infrastructure and services. Mumbai's new housing cost is already INR 20,047 per sq ft, while other big Indian cities are around 10k INR per sq ft. New housing is completely unaffordable to majority of new buyers. They will be forced to buy/rent a house in colonies or older societies. Building mass housing societies like Noida is the only way that will allow the newer generation of Indians to buy proper apartment housing in cities.
What's the total area of Mumbai ? Have you ever considered that ? And if you're merely comparing the real estate prices without factoring that in all your analysis , it will be faulty , rest assured .

Hint - check the population density of Mumbai & show me any city in India which comes anywhere close .
 

Azaad

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Even with all its fault, Mumbai is the only city in India that feels like a megacity
Unfortunately the metric for development in the world not just in India is more steel , cement & glass translating into more similar looking high rises , more flyovers , more expressways within the city & on & on . The west especially Europe seems to have departed from this line of thinking in the past 10 yrs. Not Asians though nor the Americans.

No thought is paid to de congesting the city though DF remains the only one to think in this direction & he's not even a native Mumbaikar . He's planning a city half way between Mumbai & Pune . That's one part of it .


Then there are open spaces , green spaces - hopefully both can be combined , rainwater harvesting , renewable energy sources on these buildings to the extent possible , water recycling , STPs , Building Codes incorporating all these as mandatory , tax cuts on all the above to cut CAPEX , etc.

The list is a long one .
 

nongaddarliberal

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The average Indian is getting scammed big big time in real estate. Average housing cost in 100 biggest cities in China is 16,244 yuan (US$2288) per square metre, so roughly 19,119 INR per sq ft. This is with much much higher average salaries and better infrastructure and services. Mumbai's new housing cost is already INR 20,047 per sq ft, while other big Indian cities are around 10k INR per sq ft. New housing is completely unaffordable to majority of new buyers. They will be forced to buy/rent a house in colonies or older societies. Building mass housing societies like Noida is the only way that will allow the newer generation of Indians to buy proper apartment housing in cities.
Housing prices and school fees are two bubbles that need to burst. Otherwise this will keep expanding and become a much worse crash in the future.
 

SKC

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Housing prices and school fees are two bubbles that need to burst. Otherwise this will keep expanding and become a much worse crash in the future.
Schools and the fee structure needs to be controlled by Center across the country.

The situation was same in China and CCP had to do a crackdown on the School lobby and China and control the fees as well as the coaching sector.

They regularly review and audit all coaching institute in the country and close the one who are extracting huge money or forcing students to study for insane hours.
 

thebakofbakchod

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Schools and the fee structure needs to be controlled by Center across the country.

The situation was same in China and CCP had to do a crackdown on the School lobby and China and control the fees as well as the coaching sector.

They regularly review and audit all coaching institute in the country and close the one who are extracting huge money or forcing students to study for insane hours.
The crackdown in China works because they have excellent quality government schools in every single city/town. They have standardised construction of medium-large scale schools with excellent (for indian standards) infrastructure -> proper tables, chairs, fans, smartboards/projector systems, managable student-teacher ratios, running tracks and sports facilities, great lab equipments etc. You can just google an average high school there in any town and they will all have great facilities. This is also coupled by good trained teachers. The coaching sector was booming due to the sheer competition and typical east asian grindset (korea has the same issue).

In India the problem is reverse. Government schools are genuinely dogshit even in urban India, especially in the bimaru land, and they all miss many of the things I listed above. These coaching institutes genuinely provide a good venue for imparting knowledge. The centers on average have great facilities for students (even ACs, smartboards etc) and from people I know who went to Allen etc, they do teach well. Cracking down on these centers without first building proper quality government schools will have disastrous consequences, both electorally and societally.

Honestly India really needs massive school infra investment and a complete reset. We are by far the worst in the world amongst the G20. Even the hyper capitalist USA has complete control over their school system and the number of students going to private schools is a very small minority.
 

SKC

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The crackdown in China works because they have excellent quality government schools in every single city/town. They have standardised construction of medium-large scale schools with excellent (for indian standards) infrastructure -> proper tables, chairs, fans, smartboards/projector systems, managable student-teacher ratios, running tracks and sports facilities, great lab equipments etc. You can just google an average high school there in any town and they will all have great facilities. This is also coupled by good trained teachers. The coaching sector was booming due to the sheer competition and typical east asian grindset (korea has the same issue).

In India the problem is reverse. Government schools are genuinely dogshit even in urban India, especially in the bimaru land, and they all miss many of the things I listed above. These coaching institutes genuinely provide a good venue for imparting knowledge. The centers on average have great facilities for students (even ACs, smartboards etc) and from people I know who went to Allen etc, they do teach well. Cracking down on these centers without first building proper quality government schools will have disastrous consequences, both electorally and societally.

Honestly India really needs massive school infra investment and a complete reset. We are by far the worst in the world amongst the G20. Even the hyper capitalist USA has complete control over their school system and the number of students going to private schools is a very small minority.
I have seen it first hand with my own eyes. Most schools are just fine. Few are big scale one complete copy of US suburban schools.
 

FalconSlayers

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The crackdown in China works because they have excellent quality government schools in every single city/town. They have standardised construction of medium-large scale schools with excellent (for indian standards) infrastructure -> proper tables, chairs, fans, smartboards/projector systems, managable student-teacher ratios, running tracks and sports facilities, great lab equipments etc. You can just google an average high school there in any town and they will all have great facilities. This is also coupled by good trained teachers. The coaching sector was booming due to the sheer competition and typical east asian grindset (korea has the same issue).

In India the problem is reverse. Government schools are genuinely dogshit even in urban India, especially in the bimaru land, and they all miss many of the things I listed above. These coaching institutes genuinely provide a good venue for imparting knowledge. The centers on average have great facilities for students (even ACs, smartboards etc) and from people I know who went to Allen etc, they do teach well. Cracking down on these centers without first building proper quality government schools will have disastrous consequences, both electorally and societally.

Honestly India really needs massive school infra investment and a complete reset. We are by far the worst in the world amongst the G20. Even the hyper capitalist USA has complete control over their school system and the number of students going to private schools is a very small minority.
Just look at a Delhi school that is run by government, it is simply ignored completely. I think a capex of $10 bn every year would be enough to fix our schools in a decade.
 

Haldilal

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Crazywithmath

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Nibbiar, Mumbai was to get a football specific (i.e. without a running track) 30k+ seater stadium. What came out of that proposal? Also, Mumbai City FC deserves a better home ground - for a club that has been so successful in the domestic competitions their ground looks pathetic!
 

Haldilal

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Nibbiar, Mumbai was to get a football specific (i.e. without a running track) 30k+ seater stadium. What came out of that proposal? Also, Mumbai City FC deserves a better home ground - for a club that has been so successful in the domestic competitions their ground looks pathetic!
Ya'll Nibbiars

 

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