The Ledger

Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.

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why aren't all 6 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable

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 Shankar Oct 11, 2024 ▶ 1:42:43 Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
Assertion Supported
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 Shankar Oct 11, 2024 ▶ 45:47 Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
Insight
Shankar: A property developer's primary function is project management
“I feel like the role of a builder is to be like a project manager. So we're just managing everything, but we subcontracting the laborers while we have architects to oversee the whole design development, you're outsourcing the actual drawings, et cetera, to oth…”
Nirupa Shankar Oct 11, 2024 ▶ 3:10:34 Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
Insight
Shankar: Escalating land prices make affordable housing development unviable
“With the way land prices are going, it's really hard to do affordable housing.”
Nirupa Shankar Oct 11, 2024 ▶ 1:10:38 Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
Assertion Partly supported
Shankar: Brigade Towers land delivered a 250x to 300x return
“When we started Brigade Towers on Brigade Road, it was 200 rupees a square foot. Today, that same area could be 55,000 rupees a square foot or even, you know, 60,000 rupees a square foot. And that's like a 250 to three, 300 X jump. You know, and if you look at…”
Nirupa Shankar Oct 11, 2024 ▶ 1:19:03 Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
Disclosure
Shankar: Brigade Group earns 60% revenue from residential, 35-40% from annuity
“60% of our top line comes from residential, and about 40, 35 to 40%, depending on where we are in the cycle, comes from the annuity income portfolio, as we like to call it.”
Nirupa Shankar Oct 11, 2024 ▶ 2:31:27 Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan · Nikhil Kamath
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