buying or renting which is better because my recommendation to every person is that you must buy your house even if it is small that Capital creation you can never create in any other business home will never become obsolete a home is a home it's a need so this industry will never die you can be rest assured that if you are in the food business if you are in the clothing business or you are in this and you understand the ropes of that business you can never lose out you only feel that Indian consumers are very
price sensitive quality is an essential minimum need in fact anybody who makes a bad quality building should be hanged what's the price of this apartment today's episode is with a real estate billionaire the person who started from scratch and today is one of the richest real estate billionaires in the country says to understand how a billionaire thinks to understand how to capture every opportunity and how to go from zero to becoming super successful in your industry if you are interested in any of this then today's episode is really important for you and before you enjoy
the show please go subscribe Channel enjoy the show sir welcome to figuring out you were the first generation entrepreneur in the real estate business right or about difficulty usually family wealthy businesses and the real estate is a very family driven because both Capital intensive experience intensive and there are a lot of different kind of pressures if you're in a in a real estate business yeah so how and why real estate it's a long story actually uh when I was young my father doctor ENT specialist Award winner my elder brother who's 10 years older to me
also studying to be a doctor and I looked up to him I was quite afraid God they work so hard in their lives I didn't want to work so hard so I wanted to take a little easy so I took up Commerce I did my bcom and arts was not my subject maybe I found that easier but it I was not cut out for art so I took up Commerce as a default and uh but once I entered College there was always the thing to look up to in terms of my father was so iconic
I couldn't be a failure in my Commerce so I did study in the last year and I stood second in the University of Mumbai but I was always keen on doing business because my father had lots of patients who were very eminent businessmen the muffet laws the billas the tatas the mahindras all these senior people were my father's patients okay and I always looked up to them I said my God look at them you know iconic people so I wanted to be something like that iconic I didn't know what what I what it was and
what it meant to do the business of business because in our family we hardly ever discussed the issue of business we didn't know the your business anyway after bcom my father persuaded me to do by CA also I did I was a teacher for a year in the Institute of Chartered Accountants and I started with the textile Factory in charcoal gandivali and this was done because I also articled uh two years during my Commerce career to work in gwalioron and Century Mills and uh so I thought I would do that and we got into problems
and I started with almost 200 parlums there and we did a little dappling in real estate uh over a period of time both the businesses were doing badly I've almost failed in both I had to sell one business didn't know what to sell this story happened that I got a notice from the union of the uh of my uh palum Factory asking for a hundred percent increase in wages okay I said 100 increase in which people the romance the Mills and all that used to charge more and we worked on the aperture of labor costs
anyway that persuaded me that I could sell my real estate my uh fact country which was uh this thing and I got in full fledged into real estate then I realized that now that I have failed and I've gotten to real estate I can't now afford to fail because my father and brother all professionally doing very well so got into real estate with small Capital uh hardly 10 lakhs Rupees less than 10 lakhs or rupees and started very small extension of a building and other things rest is history let's let's elaborate history now okay before
we actually talk more about real estate you know YouTube about rent versus Buy I want to know it from you okay in Mumbai or in Metro cities this is a trend now picking up especially a lot of YouTubers or let's say ca's online are coming and being so rent karna is more beneficial for you in the long run than buying a house because people usually say up Banks so what do you think buying or renting which is better can I give a little longer story 100 hmm foreign earlier it was six and a half percent
if you bought that house and paid installments with the tax benefit that you get so a combination of Social Security of getting a minimum house is imperative for every Indian to do if he can afford it second yes rental per there is nothing wrong with rental there has to be rentals um recommendation that every person in India must try within its capacity to be a house today home loans are available to most of the people at very very economical rates as compared to any other rate in the marketplace the the Home Loans are available and
it is recommended to buy buy a small house fire studio apartment buy a one bedroom whatever you can afford buy it it doesn't matter so that that social security security is available to you in a lifetime however not everybody can afford a rental house in a place where you have got work yeah and there's nothing wrong in rental so world over you have people who buy houses and there are people who rent it my recommendation to every person is that you must buy your house even if it is small even if it is in your
home place or wherever it is but always buy it that Capital creation you can never create in any other business so that okay Capital creation okay so first is you said buy versus rent the debate is let's say technically not worthy enough to discuss qk the point is not Logic the point is security yes like it's not so you must you must get your security after you have your security you rent out doesn't matter you don't even have to stay in the house you stayed I mean you bought you can buy a house in a
place and rent out in some other B place but at least you have a security house societies were not allowing other relatives to come to stay with you and people like that so if parents were staying in a house and suddenly their additional people came societies were objecting so there were a lot of problems as far this is concerned number two which has happened is that people are now wanting bigger and better houses post covet yeah so it's not only the the rent versus buy it is buy and buy a bigger house than what you
actually foreign and that's so I think that's overall not just in real estate that's the whole India sentiment now bigger lifestyle they wanna the aspiration class is getting bigger oh the aspiration class is beginning getting bigger everywhere so if you go to the mall you'll find that people want a bigger and better you go and see cars being sold they want little bigger and greater so in all fields of activity thanks to the growth and GDP growth income levels which have improved and [Music] [Music] foreign foreign [Music] per month so and I no Bank was
there no banks gave to any Builders at that time when we started so I had done borrowing at that name thing but we repaid all the loans we never defaulted and thank God for that but you were you this this person Joe he map profits let me save it for next 10 years 20 years and keep saving it so well when I was young I only wanted to grow big big bigger bigger bigger bigger that aspiration is gone I don't want to become bigger okay but I want to become better um [Music] you know that
was there and I worked towards it and I worked very very hard and we did succeed thank God but today if you ask me uh I am on a different route completely it's always how can I better myself how can I better my products how can I better my relationship with my customer it's quite different I don't even think I don't even have a wink to think that way the whole perception has changed and uh I think I'm a changed person in that sense of the term completely but there was a big fire in the
belly today there is a fire in the belly but for different ways completely different you know like I want to do things better and better the same things different things and I'm really happy to do that so you have an interesting question again now that you know so much about your field about industry here up next project your next big thing or the next better thing and I'll tell you why I'm asking this question right when you're young and when you're on the field s opportunity but as you keep growing upcast was a blockers because
the blocker can be let's say you are in your own world you've created own world and you have whole day scheduled design the observations you can't do that so what's the process to choose the next better thing or the next big thing for you how do you know what is the process to get those opportunities where you know okay this is the next thing for me you have to keep the year to the ground you meet the right people you meet people who have more knowledge than you have people who are into the world of
Consulting those who are in the field of knowing better than you and there are so many of them so I always interact with them always want to know what they are doing and even in the business or business where I'm supposed to be a king I'm always learning I'm always improving myself so my construction quality is constantly improving my uh you know methodology of construction is changing that's an Ever growing process it's an Ever growing part so there's never going to be something where once you get it once you are habituated to be a learner
you will always learn if you have a glass ceiling or you have blinkers you can't see left you can't see right you can't see anybody and you don't want to learn because you are successful but there's a problem the problem is that the people around you are fixed that we have become successful because in the last 20 years we have worked this way hmm what problems we have to make the changes we have to improve we have to go forward we have to do new things you can't rely on the success of yesterday in order
to live today or tomorrow hmm it's very difficult because people they don't want to want to and the moment you don't want to change you are go on the downside take a company like Kodak the best the best in the in the world they were the first one to have digital patents in digital technology but they decided no we don't want to change we don't want to make any changes whatsoever because we have to protect films and we have to protect this that and the other for whatever good reason and they got wiped out Polaroid
did the same so if you don't improve and if you don't change if you don't move to the next level uh the world will pass you by interesting you know are you inspired by Polaroid or codec by any chance because you know I tell you why uh so I heard the founder of Polaroid saying that we are not a technology company we are a mixture of Liberal Arts and Technology together and that's what you believe in and that's the reason why Polaroid is it's not just a camera it's a beautiful looking picture absolutely do you
believe in that because your societies look beautiful as well are you a liberal arts fan I'm not a liberal art fan to be honest with you I'm a very logical person but I have emotion at heart so some things you know like when I saw pawai first everybody said but I could dream it and it became what it is and everybody told me that I was wrong and I was mistaken and I should not buy it and I should not do it and it's too far and it's wrong and my Architects told me my lawyers
told me my people told me but somehow that something inside me told me that no this is my gut field tell me that is my place and actually it came out of a default I made 11 buildings in lokanwala complex okay and every time I finished a building I made a nice building considering those days and I went into the building and I looked out the roads were bad no street lights no storm water drains no proper water supply no Greens in that area totally nothing and I was building 11 buildings and Mr Loken while
I was Building 250 buildings and other developers put together we're building another 100 building so I formed an association I became the secretary Mr locarnel became the president and Mr balawalkar who was the owner originally of the land became the chairman and we I initiated street lights the water supply the straw motor drains and the sewage line there in order to give facility to all the 300 plus buildings and every time I finished a building I was so unhappy because everything around me was not good so I decided I'll have makeup in a place I
next time I do anything I'll make in a place where I had the roads are buying the gardens are mine this is the uh the school is mine the hospital is buying the retail is commercial is mine my residential is my everything is mine and my house is also mine so what happened is this was kind of a feeling which I got that you know so probably was about that Tana was not like that Tana was a thought process that I think I thought the future could be on that direction I wasn't as equally passionate
about Tami and but now of course it's become very successful so people say age but I I I don't think that was any passion I just thought that it was a good location in a large project area which you can't get in the Mumbai City so so it worked out so it worked out well for me really okay I have a question on this because he said you entered data you were in like you thought let me have sewage roadways Gardens everything around and usually there's a saying which of tried to understand a pattern between
almost all successful people and multi-million as a billionaires right in the country it's they align their businesses with national interest okay so if you look at so whatever the current government or the next 10 years of the of the whole country's focus is on they try to align their businesses with that because the growth is faster than for example India is right now one India wants to say that hey I want to connect the whole India with roadways so if you are in Road business their obsolete amount of opportunities for you because it's just there
right and you kind of do that so do you think of this as well like what is National interest right now let me align my opportunities with them and then I'll grow faster do you do that of course but this is even better than that okay my story is better than that story which I talk about because after foreign the need for homes will never grow the Kodak photography camera may become obsolete by technology but home will never become obsolete a home is a home it's a need so this industry will never die it'll change
it'll improve but you can be rest assured that if you are in the food business if you are in the clothing business or you are in this and you understand the ropes of that business you can never lose out you don't have to worry about the government of course the government policies in terms of uh interest rates in terms of other things and now the prime PM awas yojana all these giving subsidies for the poorest of poor is of course thing which we see and we do get take benefit of the policies which are happening
but in the home sector it is important to know what the government is doing and where it's going to do like yeah metro area Bridge um so all that is important for us to know in order to see the size and scale of those projects and identification of that so the answer is yes but not completely so in real estate I reveal this business will keep thriving regardless this is thriving I don't know okay that depends on again policies wealth of the nation GDP growth of the country if GDP grows homes who demand will shoot
up because everybody would like to have a house which is there whether on rent or ownership but you'll want a house so I have to build that so I believe GDP of India will continue to grow and it's ahead of the world already but we will grow to double digit do GDP growth in two years do you believe that we our GDP will get doubled or 2.5 x in the next five years for sure for sure for sure so we'll be around 7 trillion yeah yeah five trillion seven trillion Wheels there is no difficulty see
we don't know what are the external circumstances which will happen like Russia Ukraine war has taken place suppose China is some war with Korea and some other disturbance takes place then we will have a setback but with the kind of leadership we have with Mr Modi and the kind of things the growth story that we have I have no doubt even one percent that this GDP is going to grow so the India aspiration will continue to grow in business business not people will be more wealthier that is important yeah some money or any other person
is not important it is the wealth of the nation and the multiplier effect which the people the common people will also benefit to do it whether in terms of employment whether in terms of wealth whether in terms of facilities all that is important for every father watching this right without what are the three what are the three signs that you see in your kid and you feel like you're okay I can rely on this person now never happens so all the kids are gonna hate me now my father will always have that problem and the
sun will be 100 sure that he can make it without his father yeah so both the things are equally true and equally untrue because the newness of the Young Generation is so important for growth technology is changing you cannot imagine the amount of Technology I'm using now in the last three four years it is completely changed the way I run my company the way the whole thing is done so if I didn't do this change I should hand over to my son yesterday because I'm not adapting to change so the the sun is always ready
to take over in that sense of the term but you should not forget that the maturity of experience of the father is also important to learn not to copy foreign never copy anybody I have so many mentors in my life in construction in technology and other things I never copy them I emulate them I learn from them and then I adapt it to my own issue see the the architecture of these buildings they are a certain character but they actually my own character because we have modified the architecture to such an extent that worldwide this
character the code the architecture is what international Old School of Architecture but in reality we have adapted it so much that it's now a hiridandani created architecture it's very different so you'll never see any building like this in the whole world which is similar to this but it is actually a copy of a a idea taken from there modified and used it in our position so I always look up to my mentors people who might consider as gurus in every field of activity that you do and I pick up ideas from them I don't copy
them let's say person a tomorrow I go start a housing project okay and I was like not the 500 also here so let's say 550 acreage and I want to go bigger and I get the best engineers get the best team in the world and come up come up with a while very good concept do you think that only money can beat let's say if there is VC money some Japanese investor put in money in me and I was like okay here's your billion dollars go absolutely dominate the market do you think I'll be then
able to dominate and become better than let's say or anyone if just the money is the factor no I I can make this Successful by making a tweak of your model okay you bring the money we identify the project you run the whole thing and you give me a development manager model I run it for you and it's your money it's your thing success is failure is yours and I as a development manager will run your thing and I'll take a fee for it so the same thing which you're saying will not succeed what you're
saying will not succeed because you don't have the expertise the expertise or the Enterprise or the ability to handle all these aspects of it at stage one but you tie up with the hiranandani and I will do your I will become your development manager you get the land I will help you with the concept I will run it for you and I'll charge fee so you so I I mean it's the same thing which you have said but I've only changed one thing and made you successful as getting an expert on board getting a person
who will run it for a fee I'll run it for you but do you think that that can be like I can do the same thing if I get few experts in-house let's say no and a senior manager or a senior CBO or CEO to run this you're more likely to fail than succeed because you really see Good Times anybody can manage any business can be run in good times because everything is growing up up up up up so you also manage to do it the problem is once in five years you business at that
time you fail because there you need the expertise of a person who understands how to handle the downside of the market Capital markets so that the question is in the business of business the person can any person can make money you can make money I can make money anyone can make money investor whoever it is who doesn't have any idea he can pick up in enough service elements to do it in the market it's a wave you right the wave but no that would be the foolish thing to do but tie up with the person
who would be able to actually handle that part of it you have the money you have the expertise and I have the capability of managing your entire thing you pay me a development fee and I'll do it for you interesting so you know why I asked this question because a lot of people say this that the only thing they they don't have is money right now they'll do everything yeah this is the only generation where money is not in short supply why would you say that there was there is in the good old days money
was the real constraint today VC funding is there IPOs are there the reads are there angel funding is there everything is available in fact money this is the time where money is the easiest in the last 20 years Home Loans unbelievable the growth which is taking place of Home Loans is unbelievable in India is the fastest growing sector in the world home loans and it will continue to grow in the next couple of years you will see this happen so I don't see that as a money is not a constraint if money is uh uh
the thing but you know what people want is hmm you know that that is not going to happen first thing that you said that you wanted to build an apartment or you wanted to build a Township which has zero leakage right and you've been able to do that for the last 10 years 30 years 30 years so for last 30 years you've been able to provide apartments with zero leakage and every year you add up a new thing which makes your apartment better because you feel that every feature that you add that becomes Foundation by
the next year right don't you think that adds up to the price of course it does so when that adds up to the price don't you feel that Indian consumers are very price sensitive so if you add up and you make it let's say 10 or 15 or 20 more expensive than the average apartment do you feel that you won't be able to sell it because India is a price sensitive country of course you're absolutely right but try and understand there are about 200 buildings in Mumbai which are 30 years old which required to be
demolished and redeveloped these buildings will last a hundred years without leaking it's not expensive it's cheap unless you don't do that and don't believe in quality if you make concrete road like Bombay Puna Road was recommended to do in Asphalt I was part of that committee which decided to make it in concrete by now in 20 years you would have redone that Road 50 times because you know what's the quality of Bombay Puna roads here are only three kilometers out of 169 kilometers required repairs which is cheaper the permanent good quality concrete road or is
it going to be roads which are things which require potholes which are constantly creating problems for you quality is an essential minimum you can't afford bad quality in anything in the world you don't have to make and you don't have to put marble you don't have to put that kind of expensive amenities but quality product Quality Concrete how can waterproofing how can you not do it even for my government buildings which we have made they always compliment me that you have made such strong buildings and all that but I mean that is a basic minimum
quality is something which we should never consider expensive quality is cheap not expensive and we have to learn to do yes amenities are expensive you want a swimming pool you want the uh you know jacuzzi you want all the other amenities um automated lights on and off and all those things which you want to do a clubhouse which is expensive today you don't want that it's okay you can shortchange that how can you make bad quality building in fact anybody who makes a bad quality building should be hanged [Laughter] that's your perspective it's not a
perspective it's a deed no I agree number three needs to do that and we need to think like that only yeah you know I mean we we have to stop thinking that uh you can afford to make bad quality roads or bad quality anything I think all the people who are making bad quality stuff and all that should be eliminated from this country because you can't afford to make bad quality anything can you make bad quality food also just because you want to make it cheaper you want people to die because of bad quality food
why should they be got bad quality anything that in this country we have to eliminate bad quality completely anybody who makes bad quality thanks to Rara at least there are certain restrictions that have already come but even otherwise why should we make bad quality anything I can't I can't understand that whether it's a pin or a pencil or a pen or clothes or whatever it is I think we have to start thinking that India is quality conscious you know and people should say It's Made in India that's why it's good quality hmm that shift has
to come it has to come and the prime minister's day just go and see Parliament House go and see the convention center you'll understand what quality is beautiful buildings you can't even imagine that government is constructed it's so beautiful but that is what is important to know and we have to do it nothing should be made by the corporation which is not the best quality do you feel now it's time that Indians will pay for it if you deliver good quality expensive good quality is cheap please say that bad quality is expensive it will last
you five days your roads will break your tires will get spoiled your travel time will increase some okay but if you make good roads you will travel faster your roads your cars will be better your motorcycles will be better your Cycles will be better you'll be safer people will die less on the roads you won't have a problem when it rains but the moment you say you want cheap so you want bad roads huh I'm not willing to even hear such a thing and I'm glad that this also doesn't hear such things huh no it's
good it's good Yogi adityanath doesn't like it I met him and he says foreign yes absolutely just hear him when he talks like that okay um foreign Ty no compromise on people give them the best India deserves it our people deserve it we must get it foreign is there any project or any Concept in your head would you feel like one day I wish somebody does it in the country or maybe you want to do it something you feel is not logical but you would want to see it it's five years to remove every slum
in Mumbai I drafted the scheme for balicep thakare I am the signatory on that scheme along with Mr absolpur who was then the chief secretary and we worked out that we should eliminate slums in Mumbai and I was part of that committee uh we can do it and uh we just have to take it off and what would happen to the people who live in slums we'll rehabitate them it's possible to do is it and so what's the usual problem when this kind of project happens there's no problem uh you need a person passionate enough
to just focus on it and just do it we made the cross Harbor Bridge which is only 40 years behind 50 52 years behind the idea concept of across the harbor we've done it the coastal Road was so long back the Metro came in the last five years yeah the whole of slums Mumbai can get out in five years so do you think that their lives and their livelihood and the things that they do now you can take care of is done everywhere in the world we will not provide enough jobs we have done in
Singapore we have done in China we've done in so many countries of the world we've done in Central America and so many places uh there's no there's no reason because land is so valuable in India that uh if you remove the Joe properties and use half the land for the rest of it in terms of development and sale it's possible to do so yeah individually private developers who were doing it have proved to be incapable of doing it but I think the governments now should take over and step over ticket of course Mr adani is
doing the Ravi so I'm hoping that he will also do that part of it very successful but there are so many more Islam besides the Ravi and we should eliminate it and I would see that it is done and it's possible to do so under your leadership you can make it possible how quick yes how quick if there's a five years five years and you will eliminate everything you can and I'll make money out of it for the government I don't want any penny for myself um I'll make 20 000 crores profit that's amazing like
that's 20 000 crores and that government can use it to build build infrastructure and services but the only question was emotions of the people that is there no you need a person who says I will do this like Mr gutkary says I will make 35 kilometers of national highway per day and he did it of course under the prime minister's blessings but he did it there's no problem about it what's the craziest thing you've bought or the most expensive thing you bought for yourself just no logic just like I wanted to have it maybe a
house maybe a yacht or a private jet or I'm going to share a story short one I about 18 17 18 years my office was at Santa Cruz Saraswati Road I landed from Delhi I was director hudco and I landed in the morning and got into a taxi uh because my car don't come or whatever and I my office was Saraswati road which was hardly two kilometers away and I got into the taxi and I said Saraswati Road either so the taxi driver gave me a galley um why are you talking like this so he
said you know yeah foreign I thought the Watchman would take my bag he wouldn't take my bag so I paid the Rickshaw man and I picked the bag and I started walking up the steps to do it he suddenly realized I am niranjani because and I happily made it and I was very happy with it but even the person who's my own Watchman didn't recognize me because I got down from the Rickshaw and for a for at least maybe 15 30 seconds you know he was quite unaware then he rushed to pick up Mac sorry
I'm very happy about what you know the myself actually all these things I don't care but I also travel in a Bentley another car so don't misunderstand that I don't have good things in life and that's not true no that's for sure you have it I'm like but there has to be one point in life when you wanted to get bigger and bigger okay I want to this is my son bought a helicopter for me hmm you give to do that he bought well actually he wanted it for his pipeline but he he did give
it to me and he said you use it but I hardly ever used it and if the pipeline project is over so we've sold the helicopter but you know I hardly traveled a couple of times in it I wasn't even enabled to really travel into it so I actually to be honest with you all these things don't matter to you now even then I don't think that helicopter was 10 years ago so I mean didn't really bother that's that's refreshing to hear yeah that is maybe maybe my needs are less my wife's needs are even
lesser than mine so really to be honest with very very content uh couple how do you invest your money that's a very interesting question at the level where you are super high so give me a percentage I'm not okay don't tell me exactly number of what you do but think of let's say if you have 100 rupees where would you put like 50 20 30 how would you do that 75 80 percent of my money is in the business of business okay so it all goes Circle within that business whether in the new businesses within
the old businesses all that your individual money your business is individual money goes into the business of businesses so I don't have much of the separate monies and all that ten percent of money is kept in liquidity which is there because when buckets go down you need funds for yourself or whatever it is and all you do it and another 10 is kept within the system of the real estate which is not actually required for immediate funding but the markets change you need this thing new opportunities come my way so about 10 is there but
80 which is the major part of your funding all goes into the business of business and there's growth all the time taking place so we grow by leaps and founds because we put in back into the business so you don't you don't invest in let's say stocks no maybe quarter of one percent of my wealth maybe one percent real estate gives better returns and stocks no it's my passion I mean if TCS price goes up or Reliance goes up and all that I will look at it and I'll say I made more money it's better
to have less money but on your own money not giving me a thrill about it I I've never looked at its chairs value incidentally I've never valued myself that's interesting never you've never gotten your valuation done no the market keeps valuing me but I've never done it was it was the craziest rumor you've heard about yourself or that I've got 20 000 crores that may be reality no why don't I don't know but somebody else told me I'm 32 000. oh okay yeah so I really don't know whether this is correct or that is correct
or basis of the valuation what's funny like do you feel that oh this is too little that's why it's funny or you're like oh they have no idea what's going on I keep on finding out how did they value it but you know the question is not that the question is I am the same my business is the same and uh today I'm value data X tomorrow I'm valued at 2X and tomorrow I'm valued at half an X how does it make a difference to me in the last 15 years of my life I my
my expenses have not gone up they may have gone up because of inflation but I haven't really got anything which are more expensive or personal use which is more expensive I think maybe five years ago I spent more money on myself than I do today for example so it's not a question of that and it doesn't really make a difference to me because I'm wealthier that I will spend more I'm not going to buy a your third plane or helicopter whatever it is but the the point is if you're not going to do all that
then all this is meaningless if you just looking at a number that I want to be bigger than that Builder all I want to be bigger than this industrialist not I don't think it has meaning to me or maybe to be honest let me be fair maybe it's lost meaning 20 years ago uh used to be that right now maybe at that time I would be very excited if somebody told me that you're worth exercise 5000 crores wow and I'd like everybody to know also you know it neither has any mean to me not to
uh if anybody expresses it also I just you know yes were you ever excited there's a there's a term in in U.S and Silicon Valley they call it three comma Club no the three comma Club what's that the three comma Club means you have made it to billion dollars okay right and people get excited about it that hey after my tech company exit I've got into a three comma club now and it's a feeling that only 0.01 people in the world can ever say or feel like that so are you ever excited at any point
the only time I remember the billion dollar transaction was what I sold commercial properties to Brookfield about six years ago or seven years ago and it you know splashed over it and I said wow billion dollars you know I have a check which came in so I mean I was pretty excited about it I think I was excited at that time uh but it doesn't last long it's just uh um a few minutes okay do you go to around the world and you look at the best properties and you get you get inspired which one
was your favorite property in the world which is like damn this project is really good I wish we had something you know one of the earliest ones I really liked was Singapore okay and uh what in Singapore again maybe 30 years ago I went to Singapore and one thing they showed me was a new Township okay and you know what they did they first had the road they had the railroad Metro connecting to that new place the essential work to be done a police station a proposed hospital to come up immediately before the first buildings
in that Township would happen and that's how I really thought of the Township in pawai so one of my earlier days when I came to pawai and I come from Singapore I realized that you know you had to create a good infrastructure if you want to do a Township while in India we first make a Township and then we create the infrastructure then we bring the Metro then we bring the road then you bring everything else while Singapore was one of those things I've been to townships in China fantastic but the size in scale was
so enormous that really difficult to emulate but fantastically large townships and all that but you know there it is totalitarian regime so when they want to clean up Shanghai they don't have to wait for 40 years 50 years to do it they don't need anybody else to come and call for tenders seven times to do a dharavi or clear the slums and all that they just clear it I think there's no equivalent as far as China is concerned but I think China is also done it Dubai has done a huge amount of infrastructure in development
and I look up to that so always seen infrastructure always seen developments buildings uh things like that I I still do that you do that do you have you heard about this project that Saudi Arabia is building the vertical right you do you know more about it like no I don't know the details I think I've probably seen the same video and uh but it's fantastic I mean you know new things new ideas New Concepts and new things are things which we really need in the country I saw the Bharat mandapam uh in Delhi the
new Convention Center which was inaugurated by the Prime Minister last week about the one yeah just beautiful I saw Parliament House also two months before what a building I mean it's really beautiful so we can make beautiful things and now and which we're probably not being done so much before uh 35 kilometers of national highway per day that we make uh we are going to make 330 kilometers of Metro in Mumbai in the next two years uh in 70 years we had 190 kilometers of suburban rail Western Railway Central Railway and harbor line and now
we are going to add next two years 330 kilometers of Metro so I think you know we're doing a great impressive forward-looking and infrastructure is going to be very important for the country the fun question ending is Sir what's the price of this apartment to be honest I don't know what do you think this kind of apartment in Mumbai how much would you get it for I really don't know to be honest with you I never I told you I never value myself if you had to think well be a part of 50 crores but
I really don't know the figure if you go to buy it it would cost you maybe twice as much but that's somewhere around it nope it's my home and house so yes it's part of the thing and it's part of your townships it's part of my Township too and uh so it's really not no clue actually I never thought of it now we do this we started let's start a new rumor today what do you think is maybe I'll get a better offer yeah do you see those reels where people are like shandar balcony yeah
we do it sometimes okay that did interesting thank you so much for being here thank you so much for thank you for giving us little anecdotes Gyan stories and perspective and I hope that you enjoyed thank you thank you thank you so much for watching this episode till the end please let us know in the comments if you like this guest and you want us to do more of these kind of guests or no so that we can serve you better and come up with better content which helps you achieve your Indian dream before you
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