WTF is with Nikhil Kamath

Ep. #20 | WTF are Indian Real Estate Giants Up To? Nikhil ft. Irfan, Nirupa, & Karan

48 snips
Oct 12, 2024
Guest
Karan Virwani
Guest
Nirupa Shankar
Guest
Irfan Razack
In this insightful discussion, Irfan Razack, chairman of Prestige Group, Nirupa Shankar, executive director at Brigade Group, and Karan Virwani, CEO of WeWork India, delve into the evolving landscape of Indian real estate. They explore the shift from traditional practices to innovative models, emphasizing the impact of modern regulations like RERA. The trio discusses the balance between passion and legacy in family businesses, the rise of REITs, and the future of mixed-use developments in urban planning, all while sharing personal anecdotes from their journeys.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ANECDOTE

Irfan's Entry into Real Estate

  • Irfan Razack, despite studying commerce and law, never envisioned a real estate career.
  • A family property sale in 1980 sparked his interest, leading to trading and eventually developing Bangalore's first office buildings.
INSIGHT

Evolving Land Valuation

  • Historically, land value depended on affordability.
  • Now, factors like selling price, construction costs, and Floor Space Index (FSI) play a larger role.
ANECDOTE

Joint Development Pioneer

  • Irfan Razack pioneered the joint development concept in Bangalore.
  • His first such project involved his father-in-law's property, which became Copper Arch.
Get the Snipd Podcast app to discover more snips from this episode
Get the app