One Man's Plan to Build Singapore in India Sends Land Soaring

  • New state capital would be India's most ambitious city project
  • Banana growers watch land prices jump 15-fold in a year

One Man's Plan to Build Singapore in India

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A short man with frayed clothes and hands made rough from long years of farming, K. Subba Rao stands under the sun in his village in southern India, as the creases on his weathered face break into a sly grin. "I’m going to be a rich man," he says.

Amid banana plantations and cotton patches in Uddandarayunipalem, it seems like everyone’s convinced they’ve hit the jackpot. Other farmers chime in with shouts of "Shopping Malls!", "Apartments!", "Jobs!"