US Elections & Mumbai Realty : The Common Conundrum
Economic Power v/s Political power is a challenging task faced by these institutions and in addition they have to balance a third critical factor. -------- -------- -------- -------- -------- -------- US is the most diverse nation in the world, and Mumbai - the most diverse city in India. This diversity has led to a strange conundrum that is common to both. During the last 50 years, large cities in India have seen large migration as well as rapid changes in consumer aspirations. Resultantly, we had two faces of these cities - the old establishment or the core city ; and the new zones (Island city vs Suburban Mumbai, Delhi vs Gurgaon/Noida, Bengaluru city vs Whitefields/Devanahalli etc. ). Historically, the core city would house the powers centres - govt offices, key markets, centres Arts & Entertainment etc. making it more sought after and hence with expensive real estate. The migrant population, typically with lower budgets, moved to the newer