“And now I'm doing some few million square feet, six million square feet plus of office and a few million square feet of Residential, which I never imagined that I could, I have to pinch myself every time to remind myself, am I really doing this?”
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More from Irfan Razack
AssertionNot checkable as stated
Razack: Every Prestige Property Buyer Has Seen 2X to 4X Returns
“I've never seen any of my buyer who has bought for X, who's not gone two X or three X or four X.”
Irfan RazackOct 11, 2024▶ 50:21Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
Insight
Razack: Tier-2 real estate takes metro-level effort without metro-level volume
“I've done work in Mangalore. Yes, it's a lovely city. Yes, it deserves some good buildings, developments, all of it. But the overall appetite market is too small for the type of effort. The effort is the same. From licensing, to execution, to delivery, to mark…”
Irfan RazackOct 11, 2024▶ 1:44:14Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
Opinion
Irfan Razack: 12.5% Long-Term Capital Gains Tax Without Indexation Is Decent
“Fem Fem has done a disservice by doing it at 12 and a half. I believe whatever she has done is done well without indexing 12 and a half percent on long-term gains is I think pretty decent.”
Irfan RazackOct 11, 2024▶ 5:29Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
PredictionNot checkable as stated
Razack: Luxury housing will consistently represent only 15% to 20% of sales
“I would say luxury will always be in that 15, 20%.
He can vouch for it.
Then, this mid-segment will be that 50%, and the balance will be below that.”
Irfan RazackOct 11, 2024▶ 1:09:34Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
Opinion
Razack: Commercial Fractional Ownership Is Very Difficult to Manage Compared to REITs
“If there was no REIT, that was the only way if anybody could participate in commercial real estate. But I would say with the REIT in place, this fractional ownership is very difficult to manage.”
Irfan RazackOct 11, 2024▶ 1:28:17Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
Opinion
Razack: TDR at 2x guideline value is a windfall for landowners
“You see, the issue TDR is the fellow who's losing land, instead of getting money, is gets a piece of paper. Which is two times the value of his property. It's now linked to guideline value. It's a windfall, according to me, the land loser, and he should take i…”
Irfan RazackOct 11, 2024▶ 1:51:02Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
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