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Description: The man daring to go for India’s tallest building

Manan Shah, MICL

It’s a listed company on the stock exchange for several years but it caught my eye only recently when the company announced its aim for constructing India’s tallest building. A 306 meter building with 81 floors in South Mumbai where the first residence begins on the 21st floor.

In this episode of the Real Deal, Manan talks about the reason for going so tall while addressing the various challenges.

He confidently forecasts that home prices in Mumbai will certainly not rise given the massive oversupply in the market.

He predicts that the suburb of Amitabh Bachchan and Akshay Kumar - Juhu, will be the top market of Mumbai by 2030.

Manan lashes out at many of his peers on the stock exchange who are acquiring projects without financial viability - only to pander to the stock market.

Hear him out.

Time Stamps
0:00 - 02:01 Teaser
02:02 - 14:57 Why go for India’s tallest building?
14:58 - 20:14 Do builders make lot of money?
20:15 - 28:43 Builders making bigger mistake this time
28:44 - 34:27 The best and worst locations of Mumbai
34:28 - 38:14 Does a political background help in Real Estate?
38:15 - 45:37 Profit to rise 3x by 2030
45:38 - 50:48 Home Prices will certainly not rise
50:49 - 55:19 3 Signs to not buy a home
55:20 - 58:35 Are builders powerful or vulnerable?
58:36 - 59:50 Rapid Fire