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A platform for dialogue, debate and discussion.

  1. संवाद # 321: India's legendary bureaucrat explains poor quality of new expressways | RC Sinha

    9 Jun

    संवाद # 321: India's legendary bureaucrat explains poor quality of new expressways | RC Sinha

    Dr Ramesh Chandra Sinha is a 1962-batch IAS officer whose six-decade career produced some of the most consequential infrastructure projects in modern India.As Vice Chairman and Managing Director of the Maharashtra State Road Development Corporation (MSRDC) under PWD Minister Nitin Gadkari, he built India's first world-class expressway — the 95-km Mumbai-Pune Expressway — completing it in 36 months at a cost of Rs 1,600 crore, which was Rs 50 crore below the MSRDC's own estimate and roughly half of Reliance's competing bid that came with 78 concessions. He raised Rs 2,400 crore from the open market through non-convertible debentures on an equity base of just Rs 5 crore, creating a financing model that other states later sought to replicate.Alongside the Expressway, he delivered 50-plus flyovers across the Mumbai Metropolitan Region with an average construction time of around 30 months, along with numerous rail over-bridges and town bypasses.Earlier, as Vice Chairman and Managing Director of CIDCO under Chief Minister Sharad Pawar, he transformed Vashi from a settlement of 30,000 people into the foundation of Navi Mumbai — building its dam, water supply, six-lane road to Mumbai, railway connectivity (with CIDCO funding 67 percent of the capital cost), modern railway stations, and the iconic Seawoods NRI Complex which sold out worldwide in nine days.He also developed New Nashik, New Aurangabad, New Nanded and the district headquarters of Sindhudurg, and engineered the shifting of Mumbai's wholesale market to Navi Mumbai.At the Maharashtra State Road Transport Corporation, he turned a loss-making PSU profitable and launched the famed half-hourly ASIAD bus service between Mumbai and Pune in the face of organised taxi-union resistance.In Andhra Pradesh, under Chief Minister Chandrababu Naidu, he played a key role in conceptualising Cyberabad, the Visakhapatnam SEZ, the Nagarjuna Sagar water supply system for Hyderabad, the Hyderabad bypass, the biopharma zone, the Hyderabad Metro, the Krishna port and the international airport.As Vice Chairman and Managing Director of MADC, he led the MIHAN multi-modal cargo hub and airport project at Nagpur. As Aurangabad Collector during the 1992 riots, his decisiveness earned him the nickname "Simh."At All India Radio earlier in his career, he was instrumental in bringing FM radio to India in 1977. His biography, Transforming India from Within, was released in 2024.

    2h 32m
  2. संवाद # 320: संवाद # 320: Vishal Bhargava's NEW BOLD prediction on Gurgaon's real estate market

    29 May

    संवाद # 320: संवाद # 320: Vishal Bhargava's NEW BOLD prediction on Gurgaon's real estate market

    Vishal Bhargava is one of India's most independent voices on real estate — a journalist and analyst who has tracked the sector for nearly two decades from inside both finance and media. He began his career on the institutional side, with stints at CLSA India and Bank of America, before moving to financial journalism at The Economic Times and ET NOW.Today he writes regular columns on real estate, and runs BHK-Voice, his independent platform that has become required reading for serious homebuyers, builders, and policy-watchers. He is based in Mumbai and applies the discipline of an equity analyst to a sector that has historically resisted scrutiny - pricing builders the way one would price stocks, and reading projects through their lenders, their balance sheets, and their political backers.His writing and commentary are known for being unusually plain-spoken in an industry built on spin: he has called Mumbai's market "Lower Parelised," predicted Gurgaon's coming correction long before consensus, and coined the term "location deception" for one of Indian real estate's most common scams.Beyond the numbers, he is also a chronicler of Indian cities — their architecture, their infrastructure, their slow disfigurement — which makes him one of the few people in India equipped to discuss real estate not just as a market, but as a mirror of Indian state capacity and public life.

    1hr 30min

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