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

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==