Dr. Hiranandani - The KING Of Real Estate Business Worth 12000 Crores | FO 116 - Raj Shamani
Aug 19, 2023
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Real estate tycoon Dr. Niranjan Hiranandani shares his journey from a teacher to building a real estate empire. He discusses the rent vs buy dilemma, aligning business with national goals, eliminating slums in Mumbai, generating profits, and the importance of infrastructure in real estate development.
Owning a home is essential as it is a valuable asset that provides long-term security and cannot be replicated in any other business.
Maintaining high-quality construction standards is crucial, and builders should prioritize quality over cost to ensure structurally sound, long-lasting buildings.
Deep dives
The importance of buying a home
Buying a home is seen as a crucial step in creating capital and providing long-term security. The speaker emphasizes that owning a home is essential because it is a basic need that will never become obsolete. They argue that a home is a valuable asset that can never be replicated in any other business. Additionally, they highlight the importance of home loans, which are now readily available to most people at affordable rates.
The significance of quality in construction
The speaker strongly emphasizes that maintaining high-quality standards in construction is essential. They argue that bad quality buildings should not be tolerated, stating that anyone who creates such buildings should face severe consequences. The speaker emphasizes that quality should not be considered expensive, but rather a minimum requirement. They encourage builders to prioritize quality over cost, ensuring that buildings are structurally sound and withstand the test of time.
The importance of continuous learning and adaptation
The speaker discusses the importance of continuous learning and improvement in the business world. They emphasize the need to adapt to change, citing personal examples of how they constantly strive to improve construction quality and methodology. The speaker encourages entrepreneurs to be open to learning from mentors, experts, and others in their field. They highlight the dangers of complacency and the need to embrace change and innovation.
The vision to eliminate slums in Mumbai
The speaker expresses their desire to eliminate slums in Mumbai and highlights the possibility of achieving this goal. They believe that with proper planning, infrastructure development, and government intervention, it is feasible to replace slums with new, well-designed townships. The speaker suggests that removing slums would not only improve the living conditions of residents but also create valuable land for further development and growth.
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In today’s podcast, we have with us the real estate tycoon Dr. Niranjan Hiranandani. Discover how this self-made success story embarked on his journey. From modest beginnings as a teacher and even owning a textile factory, he ventured into real estate, even after some initial setbacks. He is the founder & MD of Hiranandani Group and has created one of a kind township in Mumbai’s powai along with several other projects in Thane, Lokhandwala out of many others.
Dr. Hiranandani shares his practical wisdom on an age-old question - should you rent or buy a house? He simplifies the choice for usWe have discussed how successful people align business with national goals, leveraging government initiatives to contribute to India's economic growth.He speaks about the role of the younger generation in innovation and progress, and why just copying won't lead to success. His unique perspective on investment, along with his journey from spender to strategic wealth builder, provides valuable insights.
From dream projects of eliminating slums to ensuring quality homes, Dr. Hiranandani's vision and practicality offer a masterclass in real estate, business in general and success. Don't miss the end as the conversations range from real estate, success mantras to how quality over cheap products can change the face of the country.
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Timestamps:
00:00 - Introduction 2:26 - His background 6:26 - Rent VS Buy 11:45 - Mistakes he did 12:27 - His financial practice 14:04 - How to decide on the next big thing? 17:57 - Why did everybody stop him from making Powai Township? 20:43 - How to align business with national interest? 24:23 - Will India's GDP double up? 25:40 - When does a father know his child is ready? 27:01 - Never copy anyone 28:08 - Can VC solve all problems? 32:45 - Are Indian consumers price sensitive? 37:31 - Good Quality VS Cheap 39:54 - Elimination of slums in Mumbai 43:04 - Most expensive thing he has 46:27 - How does he invest his money? 48:28 - Craziest rumour about him 51:18 - Favorite property in the world 54:48 - Price of his apartment 55:53 - Conclusion
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About Raj Shamani Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.