Inside Unreal Estate: A Journey through India's Most Controversial Sector
Language: English
Pages: 272
ISBN: B01BP1BKSI
Format: PDF / Kindle (mobi) / ePub
A candid tell-all tale of India’s most debated sector
Starting off as a trainee engineer, Sushil Kumar Sayal was determined to be a success in real estate, at a time when it was viewed as an unscrupulous profession. He has since worked with companies like Mahindra Gesco, DLF and Alpha G, and has played a significant role in establishing the Real Estate Asset Management (REAM) model in the country. In his fast-paced memoir are many anecdotes of dodgy builders, maverick investors and corrupt bureaucrats..
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Garages and hostel rooms. If you had a good idea, there were enough people out there who were willing to invest in it. In fact, such was the euphoria that even ideas that were only partially ready got easy money in those days. When the dotcom boom was at its peak in 1999, Pal and I used to discuss often about how the internet could be used in the real estate sector. We were both working for the Great Eastern Shipping Company at that time, but that didn’t stop us from talking about our.
Located too far from the exit. It is unwise to locate a food stall or restaurant between apparel stores. Open spaces are required at constant intervals, or the visitor may end up feeling claustrophobic. Naftalli taught us all of this. His substantial inputs helped us complete the Amritsar mall in 2010. We were very sure we had a good thing going. But, unknown to us, trouble was brewing somewhere else. Red tape has made India an unattractive place for doing business. In various ‘ease of doing.
Transformation, innovation and activity. It is also a hard, demanding taskmaster. Many venture into it with stars in their eyes, but very few make a significant mark in the field. Success smiles only at those with above-average insight and acumen—at those people with progressive vision, uncommon courage and zeal. The story of Indian real estate is worthy of a book—several books, in fact. Truth to be told, an entire encyclopedia would be required to cover all its facets and manifestations. To say.
Money would have put us on a higher growth curve. We took the proposal to our board of directors. We argued that we now had a strong track record and there were eminent people present on our board. We believed that the public issue of funds would be very successful. This was the time when even smaller builders managed to raise incredible amounts of money in the stock market. But we ran into opposition in the form of our indomitable chairman, Ghanshyam Sheth. He argued that unless we could.
Escalating. In the last few years, the market had seen prices rise sharply—so much so that houses were becoming out of reach for many buyers. We sensed that people had stopped purchasing real estate, and were, instead, waiting for the prices to fall. These were the first warning signs that things were going to take a turn for the worse. And soon enough, the downturn began. Demand started to peter out. Prices didn’t come down, though most markets saw some correction. Builders began to talk, first.