“Reputation and past track record count for a lot in this. Slum dwellers are not going to vacate the land unless they are convinced about the intentions and credentials of the company. We have a huge advantage here since we have already successfully completed some of these projects,” claims Shah. Is that an empty boast? This correspondent traveled quietly to distant western suburbs to check out a series of new buildings where former residents of Dharavi were staying in 300 square feet flats. Some buildings were already looking grimy while some were others were gleaming, clean and impressive. Most residents here were happy to be out of Dharavi
So will this ace in the hole make Shah the king of the real estate world? “There will be no kings in this industry. The market is so huge that there will be room for dozens of big players to flourish and grow,” he says. Shah is also convinced that the real estate sector will not see the kind of consolidation seen in other sunrise sectors like aviation, telecom and retail. In his opinion, the market is simply too big and too complex for a handful of players to dominate. Even these observations are littered with smart analogies laced liberally with Hindi and Sanskrit proverbs. Another one of his, translated into English, “Citizens and the nation are doomed if the rulers decide to become businessmen. That’s the real danger that India faces this century.”
Who said the 21st century CEO was only about starched shirts, smart suits and English with a twang. Just in case you haven’t guessed till now, Shah proudly wears his trademark safari suits!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
So will this ace in the hole make Shah the king of the real estate world? “There will be no kings in this industry. The market is so huge that there will be room for dozens of big players to flourish and grow,” he says. Shah is also convinced that the real estate sector will not see the kind of consolidation seen in other sunrise sectors like aviation, telecom and retail. In his opinion, the market is simply too big and too complex for a handful of players to dominate. Even these observations are littered with smart analogies laced liberally with Hindi and Sanskrit proverbs. Another one of his, translated into English, “Citizens and the nation are doomed if the rulers decide to become businessmen. That’s the real danger that India faces this century.”
Who said the 21st century CEO was only about starched shirts, smart suits and English with a twang. Just in case you haven’t guessed till now, Shah proudly wears his trademark safari suits!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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