The Great Indian Property Boom: A 30-Year Real Estate Journey with Sanjay Dutt | Anupam Gupta | Paisa Vaisa

Aug 18, 2025

Sanjay Dutt, an industry veteran and CEO of Tata Realty & Infrastructure Ltd, shares his insights from over 30 years in the bustling Indian real estate sector. He highlights its dramatic evolution since the 80s and explores key trends such as the rise of data centers and senior living. Dutt delves into the impact of COVID on commercial spaces and shifting buyer preferences. He offers valuable investment strategies and emphasizes the importance of regulations like RERA. Tune in for expert advice on navigating this dynamic market!

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INSIGHT

Massive Market Transformation

India’s real estate transformed from ~20–30 lakh sq ft office markets to ~750 million sq ft of Grade-A office space today.
The sector diversified into data centers, senior living, student housing, co-living and industrial warehousing.

INSIGHT

Workplace Became Experience-Driven

Post‑COVID workplaces focus on productivity by offering lifestyle amenities and experiences.
Tenants now demand green, net‑zero and sustainable Grade‑A buildings or they won't lease them.

INSIGHT

Tier-1 Cities Spawn Local Submarkets

Tier‑1 cities created their own tier‑2 submarkets at the periphery, reducing the push to distant tier‑2 cities.
But pioneers are now moving into true tier‑2/3 cities, which should balance growth over the next decade.

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In this exclusive episode of Paisa Vaisa, we host Sanjay Dutt, MD & CEO of Tata Realty & Infrastructure Ltd. A true industry veteran, Dutt unpacks the dramatic evolution of the Indian real estate sector. He traces the market's growth from the pre-liberalization era of the 80s, where office space was a mere 20-30 lakh sq ft, to today's staggering 750 million sq ft of Grade-A space. The conversation covers key trends driving the market today, including the phenomenal growth of various sub-sectors like data centers, senior living, student housing, and industrial warehousing. Sanjay Dutt also shares his expert opinion on the future trajectory of the sector, the influx of global capital, and the crucial impact of regulatory reforms like RERA and the Insolvency and Bankruptcy Code.

Pointers:

✔ Historical context: A look back at real estate before liberalization and its explosive growth since the 90s.

✔ Market segmentation: The expansion of the industry into diverse segments like co-living, data centers, and senior living.

✔ Geographic growth: Insights into how tier-1 cities are creating their own "tier-2" sub-markets and the potential for a more balanced growth across India.

✔ Investment vs. speculation: The difference between wealth creation and trading, and where to spot a potential bubble.

✔ Navigating the market: A detailed guide on what to look for when buying property, from freehold titles to developer reputation.

✔ Regulatory impact: The positive, life-changing influence of RERA and insolvency codes on transparency and investor confidence.

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