Ep : 06 How To Start Real Estate Business Without Debt | New Business Idea Series | Dr Vivek Bindra

Summary

The video script discusses the challenges in the real estate sector, particularly late property delivery, which affects customers and developers alike. Ankit Sharma, the founder of SBI Infra Tech, shares insights on overcoming these issues, emphasizing the importance of a good ecosystem for developers. He also talks about his journey from a successful insurance agent to establishing a listed company on the Bombay Stock Exchange, offering tips for aspiring entrepreneurs in real estate. The script highlights the importance of planning, location, and timely delivery in real estate business, and concludes with a call to action for entrepreneurs to share their business ideas for potential support and guidance.

Takeaways

• 😀 The script discusses the problem of late property delivery in the real estate sector and how it affects customers and developers.
• 🏗️ Ankit Sharma, the founder of SBE Infra Tech, shares his insights on the issue of performance not meeting expectations in the real estate industry.
• 💡 Sharma suggests that positioning and timely delivery are crucial for success in real estate, and he has created a good ecosystem for this.
• 🌟 The script highlights Ankit Sharma's journey from being an insurance agent to establishing a successful real estate company listed on the Bombay Stock Exchange.
• 🚀 It emphasizes the importance of starting with a strong foundation in real estate, such as beginning with land acquisition and development.
• 📈 The speaker advises on the benefits of choosing a plot business due to its lower investment and higher returns, especially in comparison to pandemic disruptions.
• 📝 The importance of having a clear understanding of the property market, including land acquisition, conversion, and construction, is underlined.
• 🔍 The script mentions the creation of a portal to help people whose property transactions have been stuck or not delivered, showing a solution-oriented approach.
• 🤝 The value of building a trustworthy team and maintaining a good ecosystem for growth in the real estate business is highlighted.
• 🎯 Ankit Sharma's short-term and long-term goals are discussed, including launching a form house and addressing the issue of undelivered projects.
• 🤔 The script poses questions about the first steps to take when starting a real estate business, the importance of local networking, and the need for a reliable team.

Q & A

What is the main issue in the real estate sector discussed in the script?

The main issue discussed is the late delivery of properties, causing distress to customers and affecting the reputation of the real estate market.

How does the delay in property delivery impact customers financially?

Customers' money gets tied up for a long time, and they face financial strain due to the late delivery of properties that were promised on time.

What challenges do developers face in the real estate business according to the script?

Developers face challenges such as financial constraints, the need for timely financing, finding suitable properties, ensuring property titles are clear, and dealing with construction delays and disputes.

What solution does Ankit Sharma, the founder of SBI Infra Tech, propose to address the problem of performance in real estate?

Ankit Sharma suggests that instead of focusing solely on the delivery of properties, it is important to ensure performance and timely delivery to maintain a good ecosystem in the real estate market.