Karan Virwani, CEO of WeWork India, highlights how Indian Global Capability Centers (GCCs) have transitioned from call centers to advanced software and R&D hubs.
Opinion
Virwani: Adam Neumann is the greatest salesman in the world
“Adam is I would say, The greatest salesman in the world, and that's what I was, you know, telling you as well, where he had it's one of those few people that you meet, I think, like, in the world where you can feel the energy, like, you know, from having a con…”
Opinion
Virwani: Real Estate Supply Cannot Outpace Demand Due to 7-Year Cycles
“It's not physically possible to even just build, you know, that type of capacity where you would, where supply would outpace the demand. So the time it takes to just put up an apartment or like get the approvals and all that is like, you know, five, seven year…”
Prediction Held up
Virwani: Indian REITs will see higher appreciation than US REITs
“India will see higher appreciation, I would say, than foreign REITs, or like, you know, the US REITs and things like that, so.”
Assertion Supported
Virwani: India is Blackstone's most profitable market outside the US
“India has been very, very successful for them. I think it's been their most profitable market outside of the US.”
Prediction Not checkable as stated
Karan Virwani: Indian family businesses will transition to professional public enterprises
“India is sort of where, and you know, my dad also says it's like where America maybe was in the eighties or seventies or eighties, where most companies were family businesses. They will slowly transition into, you know, being public. I think your world also ge…”
Opinion
Virwani: Single-Asset Fractional Real Estate Carries High Concentration Risk Compared to REITs
“I wouldn't because you're still then limited to one asset versus in a, in an actual REIT. You know, I'm distributed across geographies.”