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The model proposed by us is a small step in achieving a big pie in the long run - 'Betterment of the society by providing better urban infrastructure'.

Introduction

As John F. Kennedy said, "We neglect our cities at our peril, for in neglecting them, we neglect the nation." Urban infrastructure is fast becoming a contentious issue in the developing nations.
With the population growing exponentially, the same is not matched by the growth in urban infrastructure. This is leading to increasing strain on the existing system. Urban infrastructure development can be measured against two parameters namely benchmarking against existing world class facilities and measurement of the improvement in quality of life, both tangible and intangible. It is observed that the urban infrastructure growth miserably fails on the stated two parameters in the developing nations.

Though India is maintaining an annual growth rate of approximately 6% economic growth, the same is not getting translated to increased productive spending on improving the existing urban infrastructure. This is corroborated by few statistics pertaining to the city of Mumbai, the largest and most vibrant metro in the country (See Annexure Figure 1). The metropolis of Mumbai has seen significant shifts in its cultural landscapes in recent years with the liberalized economy of the global city showing many consequences on local cultures. The changes in the location of the formal industrial sectors have been one of the first instances of these shifts. Local productions have been terminated and newer centralities of productions have been established. The cadaver of the earlier production units including the labour has been left to decay.

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* Contributed by -
R. Rajesh, PGDBA - 1st Year,
Kiron Kumar Varma, PGDBA - 2nd Year,
K. J. Somaiya Institute of Management Studies & Research, Mumbai.