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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28 июл 2024
