“I'll tell you, highest return is, if you ask me, you take that 10 crores, invest in land, do some plotted development, develop it yourself and sell it. I think you'll get the highest return.”
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More from Nirupa Shankar
Opinion
Shankar: Land will never decline in value over the long term
“So if you look at it over a long period of time, I don't think land will ever decline in value.”
Nirupa ShankarOct 11, 2024▶ 1:19:53Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
Insight
Shankar: Indian Real Estate Expansion Is Capped at Six or Seven Cities
“We look at real estate as a very regional game because I feel like the further away you move away from home base, more leakages, harder to sort of monitor, harder to sort of oversee. And also each state in India is like a different country. The rules are diffe…”
Nirupa ShankarOct 11, 2024▶ 1:42:43Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
AssertionPartly supported
Shankar: Almost 60% of smaller Indian developers closed post-COVID
“So I don't think it's, it can be like monopol, monopolistic or duopolistic just because of how the scale of where things are. But there has been a huge consolidation in the market, especially post COVID. We saw almost 60% of smaller guys Like shut shop.”
Nirupa ShankarOct 11, 2024▶ 2:52:49Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
Insight
Shankar: Passion cannot be your job
“Passion cannot be your job.”
Nirupa ShankarOct 11, 2024▶ 27:43Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
AssertionSupported
Shankar: India Urban Population to Reach 600M by 2030 Amid Supply Deficit
“Right now, urban cities are at 35% urbanized. Like, 35% of the population lives in urban cities, which is about four hundred and eighty million people. This is expected to go up to 40% by some 20, 30 or so, which is 600, which is, sorry, yeah, about six hundre…”
Nirupa ShankarOct 11, 2024▶ 45:47Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
PredictionHeld up
Shankar: India office leasing will probably hit 70M sq ft in 2024
“India is going to have its probably most successful year of office leasing. I think just in the first half of this year, some thirty four million square feet of office space has been transacted. And that's half the year. Second half of the year is usually more…”
Nirupa ShankarOct 11, 2024▶ 2:59:15Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
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