Bigwigs from Bengaluru’s real estate sector open up about what they like and dislike about the business in a conversation with Zerodha co-founder Nikhil Kamath.
India’s real estate market has witnessed tremendous growth and change over the past few years, particularly since the Covid-19 outbreak.
In areas where demand is high, property prices increase further. Demand increases in the high-end category. Do you know what running a real estate business in the country is like?
In an episode of his show, ‘WTF are Indian Real Estate Giants Up To?’, three leading lights of Bengaluru’s real estate fraternity—Prestige MD Irfan Razack, Brigade Group Joint MD Nirupa Shankar, and WeWork India CEO Karan Virwani—spilled the beans about some of the major challenges of running a business in the sector.
Others concurred with the above sentiments. “It is the most challenging business to be in. You must get all the licenses with every piece of land you buy.
Some hundreds of them… you’ve to salute all the people that you need not…you have to have that mindset that even if somebody is bashing (you) up, you’ve to have the ability to keep smiling and being friendly and diplomatic about it, Razack said.
