Dharavi defies all economics -- A shanty costs a Crore there !

Economic Times (ET) reported on 11 July, that a shanty in Dharavi (a slum in mumbai) costs over a Crore.

Who says money lies with the richest..... Look at Dharavi. Today the owner of a shanty in Dharavi is a crorepati. Have we ever thought what could be the reason? 

ET says that its the geographical accessibility to entire city that has resulted in exponential jump in "demand" for the land and hence subsequent upward spiral of real estate prices.

Well - In my view, its not the "demand" rather the "scarcity" that is responsible for such a ridiculous phenomenon. Scarcity of better place to spend life and to work/do business.

But too much of crowd , does that make the city a better place? Life has become hell in todays era.  Flash flood at kedarnath is a recent example.

Our government & Corporates needs to focus on these 5 parameters if we don't want to pay Crore to live in a slum-cluster:

Outsource offshore service sector to other geographies other than Metros :

Shifting of offshore services such as IT sector , manufacturing done for exports to other cities will stop migration to big cities and would ease the stress on civic systems.More jobs at cheaper cost, will be win-win for both employer and employee. 

Create more cities:

More cities especially along the business centres needs to be created at war level. E.g. mathura/agra/meerut near delhi needs to be ramped up at war level.

Connectivity :

Connect these new cities with major roads, metro trains and airports.

Join rivers:

Look at rajasthan. The canal irrigation projects have fetched results. It is green all along now. On same line we need to connect rivers all across india like electricity grid system. this will not only avoid floods but also save us from draught. Moreover we would have more fertile lands with us to enhance agri production. Today china is crying as all its fertile land has become a concrete jungle. 

Mechanize farming

Mechanisation in farming will allow farmer to produc more and earn more. GDP of nation would improve due to better agri productivity.The per capita would go up as 70% of us are living in farmer belt.

Our government need to act fast on these initiatives. or else there would be many more Dharavi waiting in line.