Multiscalar Dynamics Driving India’s Urban Megaprojects. Speculative Urbanization and the IT Corridor in Chennai

Loraine Kennedy ()
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Loraine Kennedy: CESAH - Centre d'études sud asiatiques et himalayennes - EHESS - École des hautes études en sciences sociales - CNRS - Centre National de la Recherche Scientifique

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Abstract: Megaproject development is a key component of strategies deployed by India's subnational states to leverage metropolitan spaces as growth engines. Drawing on Chennai's Information Technology Corridor, this chapter examines the multiscalar dynamics shaping urban transformations. It shows that processes of speculative urbanism are driven simultaneously by the profit motives of volatile global capital and by the aspirations of locally embedded state and private actors. In terms of outcomes, current patterns of urban development tend to increase social and spatial fragmentation by promoting the production of premium spaces intended for the upwardly mobile middle classes.

Date: 2025
Note: View the original document on HAL open archive server: https://hal.science/hal-05207213v1
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Published in Shin, Hyun Bang; Gimm, Dong-Wan. The Political Economy of Mega Projects in Asia: State Power, Land Control, Financial Flows, and Dispossession, Routledge, pp.88-110, 2025, 9781315115078

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05207213

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