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Where Shanghai differs from Mumbai

April 3, 2008
This seems to be a smart move considering that these run-down spaces entail low renovation costs and the low rents allow young entrepreneurs to give it a go without investing huge amounts of capital.

We visited one such cluster, the Anken Warehouse, and found the brightly coloured, open-plan warehouse humming with activity.

According to Giel Groothuis, director of FAR, an architectural information hub and Anken tenant, "There is not much by way of the decorative element and the quality can sometimes be relatively low. I think from a real-estate point of view, it is a bestseller concept."

Image: Models perform a live show to promote fashion accessories at a shopping mall in Shanghai | Photograph: Liu Jin/AFP/Getty Images

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