MOST GLOB­ALISED EMERG­ING CITIES*

HT Estates - - HTESTATES -

they ex­pand their oper­a­tions in South and South-east Asia, be­cause of low costs and huge con­sumer mar­ket op­por­tu­ni­ties; how­ever they face con­sid­er­able ur­ban in­fra­struc­ture short­ages.

For th­ese types of cities to cap­i­talise on their po­ten­tial, their first pri­or­i­ties re­main lead­er­ship, gov­er­nance and co­or­di­na­tion – all pre-req­ui­sites to qual­ity of life and eco­nomic am­bi­tions. They need to re­duce the com­plex­ity of preparing, assem­bling and ex­e­cut­ing projects, which pre­vents cap­i­tal in­vest­ment bud­gets from be­ing fully de­ployed on a year-by-year ba­sis.

They also rely on na­tional pol­icy to de­vise more ef­fec­tive plans for the na­tional ‘sys­tem of cities’, and for­mal recog­ni­tion from the na­tional level of the unique bur­den of be­ing a large glob­al­is­ing met­ro­pol­i­tan area.

T his was al s o t he c ase in Mum­bai un­til l ast year. How­ever, there has been sub­stan­tial im­prove­ment from then on. Steps have been taken to im­prove trans­parency, strengthen gov­er­nance, and re­duce red­tapism as also the com­plex­ity in ex­e­cu­tion of projects. For ex­am­ple, Mum­bai civic cor­po­ra­tion will cut build­ing per­mis­sions from 150 to 70 and re­duce the time taken to give build­ing per­mis­sions within 90 days.

Ma­ha­rash­tra state gov­ern­ment is also work­ing on a plan to dig­i­talise the per­mis­sions re­quired by de­vel­op­ers to bring trans­parency and is likely to fi­nalise a part of the state hous­ing pol­icy by Novem­ber-end.

Ben­galuru fig­ures among ag­ile higher-qual­ity emerg­ing cities: Ag­ile higher qual­ity emerg­ing cities such as Ben­galuru, War­saw, San­ti­ago, Shen­zhen, Guangzhou, Colombo and Chengdu have at­trac­tive busi­ness en­vi­ron­ments, ex­ten­sive de­vel­op­ment op­por­tu­ni­ties and com­par­a­tively well-ed­u­cated pop­u­la­tions that are al­low­ing them to find niches in global sup­ply chains.

Many have ef­fec­tively lever­aged property taxes, lo­cal user fees, and the mon­eti­sa­tion of pub­lic land to in­vest in pub­lic ser­vices. Th­ese medium-sized emerg­ing cities have some low­in­come hous­ing and trans­port chal­lenges, but fewer of the sprawl­ing slum prob­lems of other larger emerg­ing cen­tres. Typ­i­cally, they are ac­tively build­ing in­ter­na­tional func­tions within the wider knowl­edge econ­omy.

Dubai oc­cu­pies a unique niche on the world stage. The Emi­rate com­bines many char­ac­ter­is­tics of both es­tab­lished and emerg­ing cities, thanks to its me­te­oric and un­prece­dented rise. Over­all, how­ever, the city’s

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18 at­trac­tive busi­ness en­vi­ron­ment and in­ter­na­tional pro­file, along­side its fi­nance and knowl­edge­based strengths, mark it out as an ag­ile higher qual­ity emerg­ing city.

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