Ep 27 | From LIC Agent to Real Estate: IIM & Harvard Courses | Co-working, Co-Living, Warehousing

13/09/2024 1h 6min Temporada 1 Episodio 27

Listen "Ep 27 | From LIC Agent to Real Estate: IIM & Harvard Courses | Co-working, Co-Living, Warehousing"

Episode Synopsis

Mr. Madhusudhan, the chairman & managing director of Sumadhura Group, is a first-generation entrepreneur and a well-known thought leader. He founded Sumadhura Group, one of South India’s leading real estate companies, in 1995.

Under his dynamic leadership, the company has achieved significant milestones, growing at an unprecedented pace with a turnover exceeding Rupees 5 billion.

In this episode, you'll explore various aspects of the real estate market, including commercial properties, co-working spaces, co-living arrangements, and warehousing businesses. We'll dive into the journey of transitioning from an LIC agent to a real estate developer, examining the challenges faced during the first project and the insights gained from courses at IIM and Harvard.

You'll learn about strategies for entering new markets with backward integration, the philosophy of "never settle" that drives the company, and the structure of the core management team. We'll also discuss market changes pre- and post-COVID, the joy of sharing knowledge, the approval process in Bangalore, construction costs, Uber-luxury living projects, and future prospects in the industry

00:00 Trailer
01:17 Introduction
02:02 Education journey
04:22 LIC Agent to Real Estate Developer
06:30 Foundation of Sumadhura Group
08:17 IIM and Harvard Course
12:42 Challenges faced at initial stage
17:02 Venturing into different markets
18:55 First Development in Bangalore
20:27 Backward integration benefits
21:48 Commerical Market
25:15 Warehousing Business
26:17 Co-working and Co-Living Business
29:08 What is never settle
31:53 Building Team Structures
34:12 Core Management Team
36:17 Situation in Covid
40:11 Pre and Post-Covid Market
42:16 Joy of sharing
45:55 Future Vision
47:51 Uber Luxury Projects
49:47 Approval Process in Bangalore
51:58 Construction Cost
53:30 Growth after covid
55:58 Future Markets
58:10 Unique lightning theme
01:02:30 About the journey
01:05:58 Conclusion

Host
Krish Jain, Head management at H.Rishabraj
Instagram: https://www.instagram.com/speakingrealestate/
Facebook: https://www.facebook.com/profile.php?id=61551195292538
Linkedin: https://www.linkedin.com/in/krish-harish-jain/

Guest
Mr. Madhusudhan G, Chairman & MD, Sumadhura Group.
Linkedin- https://in.linkedin.com/in/madhusudan-g-b470344a
Instagram: https://www.instagram.com/sumadhurainfracon?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw==

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