From Coffee Plantations to Real Estate: A Family's Journey

There seems to be a preconceived bias about the real estate ecosystem in India. With this episode, we aim to dive into the nuances that explain the complexities of the business.

And who better to explain it than Irfan Razack from Prestige Group, Nirupa Shankar from Brigade Group, and Karan Virwani from WeWork & Embassy. We deep dive into family businesses, passion versus wealth, new-age real estate, and much more.

For those who know me, I’m not the biggest fan of real estate (as an asset class), but I may also not know enough. This episode will give you insight into what really happens in the world’s biggest asset class.

#NikhilKamath Co-founder of Zerodha, True Beacon and Gruhas

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#IrfanRazack Chairman & MD of Prestige Group

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LinkedIn: https://www.linkedin.com/in/irfan-razack-844a78114/?

#NirupaShankar Executive Director at Brigade Group

Instagram: https://www.instagram.com/nirupa.shankar/?hl=en

LinkedIn: https://www.linkedin.com/in/nirupa-shankar-1309371/?

#KaranVirwani CEO of WeWork India

Twitter: https://x.com/karan_virwani10

Instagram: https://www.instagram.com/karanvirwani/?hl=en

LinkedIn: https://www.linkedin.com/in/karanvirwani/?

Timestamps -

00:00:00 Intro

00:01:02 Irfan Razack's Intro

00:03:38 Why did Irfan start a real estate company

00:06:15 What defines the Value of Land : FSI, Laws and more

00:09:35 What is Joint Development

00:11:10 Guidance for Growth in Real Estate

00:17:09 Managing a Family Business

00:22:58 What's the Minority Rule

00:25:01 Is passion overrated ?

00:34:25 Building Wework

00:38:31 What's happening in Indian Real Estate

00:47:39 Is Real Estate Pricey now?

00:53:26 How to get into Real Estate Now

00:57:57 Careers in Real Estate

00:58:38 Step by Step guide to start a Career in Real Estate

01:04:31 How to get the highest return on real estate

01:07:40 LiteStore and their unique concept

01:09:01 Affordable or Luxury Housing

01:12:12 Renting,Buying,Flipping Houses

01:16:31 Land Prices Then vs Now

01:21:51 What is a REIT ?

01:25:12 Benefits if REITs

01:27:39 India's 4 Listed REITs

01:31:19 What's Strata

01:33:12 Commercial Real Estate Experience

01:35:54 Selling an Experience

01:40:20 World Trade Center | The Office Experience

01:43:26 Real Estate is a Regional Game | Cluster Cities

01:46:30 What is Redevelopment?

01:50:49 Two Real Estate rules that can be changed in Karnataka

01:53:02 Innovation in Real Estate

01:58:49 Real Estate Perspectives | Working with Adam Neuman

02:03:58 Nirupa and her Sister

02:05:04 Gender roles in Real Estate | Balancing Personal Life

02:07:29 Nirupa and Sports

02:10:52 Nirupa's Dreams and Ambitions

02:14:04 Essentials of a Mall: Financials, Creativity & more

02:22:54 What made Brigade Group build a Mall

02:24:30 Food Break

02:24:59 Nirupa Shankar's Intro

02:32:04 Karan Virwani's Intro

02:37:06 Karan: We Work & Embassy in India

02:44:03 How to start a Co Working Space

02:48:09 What's the ROI on Commercial Properties

02:49:44 How Important is Building Relationships in Real Estate?

02:52:05 Is Building Relationships with Politicians Important?

02:52:34 Will Real Estate Be a Monopoly in the Future?

02:54:59 Future of the Commercial Real Estate Culture

02:59:48 Pre Fabricated Real Estate | Black Money in Real Estate

03:02:28 Opportunity in Senior Living

03:04:07 Jobs Opportunities in Real Estate

03:07:23 AI in Real Estate

03:10:16 Services that Real Estate Companies Outsource

03:11:19 Outro

03:11:37 What Kind of Marketing helps in Selling Real Estate

03:13:46 What are GCC's

#nikhilkamath #WTFiswithNikhilKamath