Well I guess he beat PG to founding a town[1]. It certainly makes sense to do it in India where his money will go so much further than in the US. What's crazy is that he's trying to re-create Silicon Valley. If that's a goal it seems like he could do a better job by just investing all that money into a bunch of new startups.
"We have three major goals for the Nano City: To re-create the Silicon Valley, create state-of-the-art infrastructure, and do all this in a fashion that is self-sustainable and exhausts natural resources to the bare minimum," said Bhatia[2].
Hmm. I would have started smaller. I doubt Sabeer has enough to pay for all this himself. That means he's going to be at the mercy of a bunch of investors.
"We have three major goals for the Nano City: To re-create the Silicon Valley, create state-of-the-art infrastructure, and do all this in a fashion that is self-sustainable and exhausts natural resources to the bare minimum," said Bhatia[2].
1. http://news.ycombinator.com/item?id=49006
2. http://timesofindia.indiatimes.com/articleshow/263937.cms