Sridhar Vembu highlights corruption as the key driver behind Chennai and Bengaluru's land prices rivaling New York, despite India's significantly lower per capita income.
Zoho's Vembu attributes NYC-tier Bengaluru land prices to corruption, not demand—10x India's GDP per capita. Tech hiring in India faces wage arbitrage erosion; regulatory instability now pricing into talent retention models.
Vembu highlighted corruption's impact on various sectors
Jun 28, 2026
11:02 am
What's the storySridhar Vembu, the Founder and Chief Scientist of Zoho Corporation, has blamed rampant corruption for the skyrocketing land prices in Indian cities like Chennai and Bengaluru.
He drew a stark comparison between these cities and New York City, despite India's much lower per capita income.
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