Watch This To Become Crorepati FAST, Real Estate Secrets of Ultra-Rich | Ep 30

Summary

In this engaging conversation, a seasoned entrepreneur shares invaluable insights on wealth-building through real estate investment, the power of mentorship, and learning from business giants like Mukesh Ambani and Gautam Adani. He emphasizes the importance of long-term thinking in investments, particularly real estate, and how digital connectivity has reshaped business strategies in India. Drawing from his personal experiences, he highlights the role of mentors in navigating business challenges and stresses the significance of aligning business goals with societal impact. A must-watch for aspiring entrepreneurs and investors looking to understand the dynamics of success.

Takeaways

• 😀 Focus on real estate investment: Liquidity is crucial. It's advised to have capital worth the value of the property (e.g., ₹1 crore) before purchasing real estate.
• 😀 Look for emerging real estate hotspots: Areas like Panvel, Thane, and Gift City are prime locations for real estate investment in India.
• 😀 Real estate offers long-term benefits: Investing in real estate provides steady rental income, potential for high appreciation, and more control over pricing compared to the stock market.
• 😀 Diversified asset allocation: A balanced portfolio with 80% in real estate, and investments in gold and Bitcoin helps spread risk and ensures long-term growth.
• 😀 Rental income is key: Real estate properties, especially commercial spaces, provide steady returns, with larger offices offering up to 7-8% returns annually.
• 😀 Importance of negotiation in real estate: Unlike stocks, real estate allows for negotiations based on factors like property uniqueness (e.g., a stadium view), which can help secure higher rental returns.
• 😀 Patience pays off: Holding onto real estate over time, rather than selling too early, can significantly increase the property value (e.g., a property appreciated from ₹80-90 lakhs to ₹1.35 crore).
• 😀 Mentorship plays a pivotal role: Learning from mentors who have achieved success is invaluable for overcoming challenges and making better business decisions.
• 😀 Billionaire mindset: Mukesh Ambani and other billionaires focus on businesses that solve real-world problems and have a social impact rather than just making profits.
• 😀 The digital revolution in India: Jio's disruption in the internet market by lowering data prices has significantly increased digital penetration, helping businesses reach more customers and accelerate growth.

Q & A

What was the primary focus of the guest's real estate investments?

The guest's primary focus in real estate investments has been on areas with high growth potential, such as the outskirts of Mumbai and developing areas like Gift City. They emphasize a long-term investment strategy, looking for both rental income and property appreciation.

Why does the guest prefer real estate over the stock market for investments?

The guest prefers real estate because of the ability to negotiate better deals (e.g., rental rates, property prices) based on unique factors like location or views. Additionally, real estate allows for long-term appreciation and rental income, which is less volatile compared to the stock market.

How did the guest's family business evolve over time to focus on passive income?

The guest’s family business started in the publishing industry. Over time, they leveraged unused office space to generate passive income by renting it out. This approach led to significant rental revenue, contributing to the overall growth of their wealth.

What are some hot real estate investment hotspots in India according to the guest?

The guest mentions areas on the outskirts of Mumbai, such as Panvel, Karjat, and Thane, as promising investment hotspots due to developing infrastructure. They also highlight Gift City in Gujarat, where they invested early, benefiting from its growing status as a business hub.

How did the guest’s family generate significant passive income from their real estate investments?

The family purchased a commercial office property years ago for a modest price and began renting it out. Over the years, this generated over 2 crore in rental revenue, with the property appreciating significantly in value.

What is the key lesson the guest learned from Mukesh Ambani about business?

One key lesson learned from Mukesh Ambani was the importance of focusing on scale and digital innovation. Ambani advised the guest to invest in the digital space and emphasized that business ventures should serve a higher purpose, benefiting society and solving problems.

How does the guest view the role of mentorship in entrepreneurship?

The guest values mentorship highly, acknowledging that successful entrepreneurs, like Mukesh Ambani, have helped them navigate difficult decisions. They emphasize the importance of finding mentors who can guide you through business challenges, offering advice based on their experience.

What was the turning point in the guest’s mindset towards investments and wealth-building?

The turning point came when the guest read *Rich Dad Poor Dad* during college. The book shifted their mindset toward focusing on assets rather than liabilities, which led them to build a portfolio of passive income-generating investments, particularly in real estate.

What kind of returns can one expect from real estate investments in Mumbai, according to the guest?

In Mumbai, smaller office spaces typically yield around 5% return annually, while residential properties offer returns between 2.5% and 3.5%. Larger office spaces of 2,500 to 3,000 square feet can yield 7-8% return, depending on the location and demand.

What is the significance of long-term thinking in the guest’s approach to real estate investment?

The guest stresses the importance of long-term thinking in real estate, noting that while rental returns might seem modest, the cumulative income over 10-15 years, along with property appreciation, results in significant wealth creation. Holding properties for the long term allows investors to benefit from rental income and capital gains.