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

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 GruhasTwitter: https://x.com/nikhilkamathcio/Instagram: https://www.instagram.com/nikhilkamathcio/LinkedIn: https://www.linkedin.com/in/nikhilkamathcio?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=ios_appFacebook: https://www.facebook.com/nikhilkamathcio/#IrfanRazack Chairman & MD of Prestige GroupInstagram: https://www.instagram.com/irfanfalcon/?hl=enLinkedIn: https://www.linkedin.com/in/irfan-razack-844a78114/?#NirupaShankar Executive Director at Brigade GroupInstagram: https://www.instagram.com/nirupa.shankar/?hl=enLinkedIn: https://www.linkedin.com/in/nirupa-shankar-1309371/?#KaranVirwani CEO of WeWork IndiaTwitter: https://x.com/karan_virwani10Instagram: https://www.instagram.com/karanvirwani/?hl=enLinkedIn: https://www.linkedin.com/in/karanvirwani/?Timestamps -00:00:00 Intro00:01:02 Irfan Razack's Intro00:03:38 Why did Irfan start a real estate company00:06:15 What defines the Value of Land : FSI, Laws and more00:09:35 What is Joint Development00:11:10 Guidance for Growth in Real Estate00:17:09 Managing a Family Business00:22:58 What's the Minority Rule00:25:01 Is passion overrated ?00:34:25 Building Wework00:38:31 What's happening in Indian Real Estate00:47:39 Is Real Estate Pricey now?00:53:26 How to get into Real Estate Now00:57:57 Careers in Real Estate00:58:38 Step by Step guide to start a Career in Real Estate01:04:31 How to get the highest return on real estate01:07:40 LiteStore and their unique concept01:09:01 Affordable or Luxury Housing01:12:12 Renting,Buying,Flipping Houses01:16:31 Land Prices Then vs Now01:21:51 What is a REIT ?01:25:12 Benefits if REITs01:27:39 India's 4 Listed REITs01:31:19 What's Strata01:33:12 Commercial Real Estate Experience01:35:54 Selling an Experience01:40:20 World Trade Center | The Office Experience01:43:26 Real Estate is a Regional Game | Cluster Cities01:46:30 What is Redevelopment?01:50:49 Two Real Estate rules that can be changed in Karnataka01:53:02 Innovation in Real Estate01:58:49 Real Estate Perspectives | Working with Adam Neuman02:03:58 Nirupa and her Sister02:05:04 Gender roles in Real Estate | Balancing Personal Life02:07:29 Nirupa and Sports02:10:52 Nirupa's Dreams and Ambitions02:14:04 Essentials of a Mall: Financials, Creativity & more02:22:54 What made Brigade Group build a Mall02:24:30 Food Break02:24:59 Nirupa Shankar's Intro02:32:04 Karan Virwani's Intro02:37:06 Karan: We Work & Embassy in India02:44:03 How to start a Co Working Space02:48:09 What's the ROI on Commercial Properties02:49:44 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 Culture02:59:48 Pre Fabricated Real Estate | Black Money in Real Estate03:02:28 Opportunity in Senior Living03:04:07 Jobs Opportunities in Real Estate03:07:23 AI in Real Estate03:10:16 Services that Real Estate Companies Outsource03:11:19 Outro03:11:37 What Kind of Marketing helps in Selling Real Estate03:13:46 What are GCC's#nikhilkamath #WTFiswithNikhilKamath