Why Mumbai became a laggard in Information technology industry ?

I started to feel that Information Technology industry is slowly dying in Mumbai. So many Job postings are now in Gurgaon, Pune and smaller cities in India. People from small cities get as much good paying job as cities like Mumbai, post covid. Mumbai is in no way can even take on Bangalore. What has happened to once a flourishing place has now became shrunk. Andheri was hub of Tech. Now its dead horse stuck in crowd. Rise in Real estate rent, boom of large Banks, WFH, stupid short sighted politicians constant traffic and BMC digging holes it seems mumbai is losing its shine as IT hub.