My Insights, My Experiences

Over the course of my career, I have had the opportunity to work closely with developers at various stages of their journey – from early-stage capital raises to structured transactions to, in some cases, preparing for a public listing, and I have noticed that the conversations around IPOs have changed quite significantly over the last few years, both in their frequency and in their nature. There was a time not long ago when the idea of a real estate developer listing on India

For most of its history, investing in Indian real estate meant one thing: buying property. A plot, a flat, a commercial unit. The asset was tangible, the transaction was direct, and the involvement was personal. That model served an entire generation of wealth creators well, and in most parts of the country, it still does. But something has shifted meaningfully over the last several years, and I think it is worth pausing to reflect on just how much the landscape has changed a

It was a pleasure to be part of CREDAI NATCON 2026 in Kolkata and participate in an engaging discussion on “The IPO Question: What Does It Mean for Developers?” with Varun Gupta (Ashiana Housing), Deepak Goradia (Dosti Realty), Abhimanyu Bhattacharya (Khaitan & Co.), and Pinak Rudra Bhattacharyya (IIFL Capital). The session brought together perspectives from across the real estate and capital markets ecosystem, making for an insightful conversation on the opportunities, consi

For most of my career, I would have told you, without much hesitation, that the best use of my time was time spent working. There was always a deal to think about, a market to track, a decision that needed sharper thinking. Anything outside of that felt, if I am honest, a little indulgent. I do not think that way anymore, and I suspect a lot of people in demanding careers go through a similar evolution, even if they arrive at it from different directions. What changed for me

Twenty-five years is long enough that I sometimes have to pause and do the arithmetic to believe it myself. When I started out in real estate, the industry looked nothing like it does today – not in scale, not in sophistication, and certainly not in the way capital moved through it. And yet, as I reflect on the journey, what strikes me as much as the change is how much has stayed exactly the same. I think that tension between transformation and continuity is worth examining h

I was recently part of a panel discussion on the evolving REIT landscape in India, and I kept thinking of the confluence of regulatory change, new market entrants, and asset-level realities that is creating a moment of genuine reckoning for this asset class. Indian REITs have indeed come a long way. Market capitalisation has crossed Rs 1 lakh crore, distributions have been consistent, and investor confidence has held through a challenging rate cycle. That is a credible track