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The latest international edition of Newsweek has a good article on Mukesh Ambani, the business half of the Ambani brothers. …”Reliance has all but secured 150 square kilometers of largely farm land east of Mumbai at prices, Anand Jain, Mukeshs’ right hand man, estimates at 1/1000th those in downtown Mumbai. The government holds some equity in the projects, but as a largely “silent” partner, and has already approved Reliance’s detailed plans for both new cities, says Ambani. “If you would have asked me five years ago if a project like this was possible I would have said no.”
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