Скачать или смотреть Crisis coming in Mumbai real estate, who will survive? | Real Deal | Vishal Bhargava | Podcast |

Raunak Group: In today's podcast we have a builder who saw his annual revenues go from ₹30 crore to ₹1200 cr. And he made that not from selling in a market like Mumbai, Bangalore or Delhi.

Meet Shyamal Modi. An aspiring investment banker who got exported to the real estate world on the instructions of his father.

He talks about his journey beginning at Thane in the 2000's when the city was very different and undeveloped. He speaks about his Thane project that is in the record books for being the longest in India.

His view is that Thane home prices will soon beat Mumbai home prices.

He highlights his journey of pricing his Kalyan township at a almost a 100% premium to competition.

Shyamal speaks about being builders being able to say 'Sorry' when things go wrong.

Timestamps

00:00 Introduction

01:30 Kicked into joining father’s biz

04:52 Thane from INR 2200/sqft to INR 25,000/sqft

10:05 The biggest differentiation in Real Estate is Price

14:44 The irrelevance of brand ambassadors and influencers

17:46 Thane will overtake prices of Mumbai

20:30 Mumbai will have one Price

24:01 The INR 30 crore to INR 1200 crore story

26:15 Why I’ll not list on the stock exchange?

33:13 Builders think they are God

36:35 Price low, Sell Fast and Take Less Debt

39:07 The Coming Crisis In Mumbai Real Estate

46:15 Different types of builders

51:20 Different types of builders

54:54 Rapid fire


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