Sanjay Dutt, the MD of Tata’s real estate arm, was speaking at a panel discussion when he quipped about how people pay more to live close to their workplace since the infrastructure of Mumbai is so bad
The Brihanmumbai Municipal Corporation (BMC) is the richest civic body in the world, with Rs 92,000 crore in FDs alone. But Mumbai still ranks 141st among global cities in terms of infrastructure, even as BMC spends Rs 1000 crore on its roads every year. Like most frustrated Mumbaikars spending hours in traffic thanks to broken roads and delayed projects, Tata Realty MD Sanjay Dutt has credited the city’s poor infrastructure for its high real estate rates.
https://www.freepressjournal.in/business/watch-tata-realty-mds-brutally-honest-take-on-mumbais-poor-infrastructure-driving-up-property-prices
Source: The Free Press Journal
