Artful Dodger

Real Estate. Infrastructure. Urbanism.

[Bangalore real estate @Bangalorereal1]

📍The Azulian House, Leela Palace Bengaluru

1/2

[Artful Dodger @RahulChels]

@trollsreign So? The govt is paying them they cant pressure them to complete work?

[Artful Dodger @RahulChels]

Theory on Metro Line 2B, 4 & 6 Construction Slowdown:

1. All non-civil tenders are awarded (electrical, rolling stock, interiors) so the ministers/bureaucrats have received their bribes.

2. No elections on the horizon.

Couple the two and there's no motivation to finish work.

[Artful Dodger @RahulChels]

imagine if now the algorithm keeps pushing the tweets rinsing the bandana girl in our feeds for the next two weeks

[Artful Dodger @RahulChels]

@ShivamVahia BRVTAL.

[Artful Dodger @RahulChels]

Manali was a destination I'd never consider visiting purely cuz of the 9-hour drive after the flight to IXC.

Just found out, about a couple years ago they completed NH 21 which reduces the time to just 6 hours.

Distance reduced by 37KM and 140KM of roads realigned 🔥

[Artful Dodger @RahulChels]

@Deshpacito661 A thing like that 😍

[Artful Dodger @RahulChels]

@akashpatla Yess. Even Oberoi's architect will be some hotshot from Singapore or something.

[Artful Dodger @RahulChels]

Oberoi demolishing the mammoth Ireo Grand Hyatt Residences ahead of their Gurgaon launch.

Looks surreal.

[Rebel_warrior @uttamkaul]

@RahulChels Metro 2B is being built in a very crowded location Kurla / Chembur so there could be delays

Metro 4 is a disaster!! 10 years for 30 km stretch which was completely open highway

[Artful Dodger @RahulChels]

@getoffmadickson It's not work that gets affected by monsoon imo.

[Artful Dodger @RahulChels]

@ShivamVahia First one is fine. Not the other one.

[Artful Dodger @RahulChels]

@singhvarun Someone's buying off land for warehousing/date centre from Lodha.

[Hiren @BHiren]

Slum Mukt Mumbai

3 co’s bid for SRA's first & largest cluster based slum redevelopment project (101 acres) at CD Barfiwala Rd, Andheri (W) on CDA mode.

- JSW
- Reliance
- Shapoorji & Pallonji

Each eligible resident to get 300 sq. ft homes & commercial 225 sq. ft free of cost.

[Artful Dodger @RahulChels]

this tweets virality is sending me 🤣😭

[LT Jonathan Kendrick @PlisskenPatriot]

how your gf looks at you when you ask her to block the guy who “raped” her in 2019:

[Artful Dodger @RahulChels]

@Maha7Arindam Nah bro.

[Upamanyu Acharya @upamanyuacharya]

India will never produce an NVIDIA, and it has nothing to do with talent. R&D is the purest form of investment, and the central bank has spent decades making investment the dumbest thing you can do with a rupee.

I've been surfing the semiconductor wave for a while now, reading 10-Ks for fun. Spent last month in the Bay Area and the gap between India and the US is not a gap; it's a different universe. Conversations about agentic AI and the next decade of hardware, with my boomer relatives Waymo-ing around SF and self-driving home on Tesla FSD like it's normal. Nobody there thinks any of this is remarkable; they already live in the future.

NVIDIA spends nearly twice as much on R&D as every listed company in India combined. Silicon Motion, the world's leading maker of NAND flash controllers and around since 1995, ploughs 29.7% of revenue back into R&D. Micron runs 10.2%, NVIDIA 9.9%, on revenue bases that dwarf anything we have. India Inc? 0.85% of turnover, and half our listed companies report zero R&D at all.

The easy move is to lambast our promoters and the dhandomaxxing capitalist class, or the foreign MNCs running India as a glorified offshoring unit, or the babus who fund nothing useful. Satisfying. But Wrong. The reason no rational Indian founder pours money into frontier R&D is that there is genuinely no payoff at the end of it. Why?

1. R&D compounds, and compounding punishes laggards. At the edge of science a 1-2% gain is a moat; Intel spent 20+ years performing impossible physics every 24 months because Moore's Law was the business model, and that consistency makes them one of the goated companies of all time even after they got mogged recently. NVIDIA lives the same way today: invent at the limit or cease to exist. If you're 50% behind, no quantum of innovation closes that. You never touch the high end. You stay a mass-market producer of things that already exist. India is precisely there.

2. The supply side is the real thesis, and it's monetary. Two decades of high inflation, high money-printing, high nominal rates. That regime subsidises consumption and taxes patience. R&D is the longest-duration, highest-variance bet on the board; it is the first thing a 8% risk-free rate kills. Frontier R&D only ever gets funded two ways: a psychopathically risk-tolerant capitalist with cheap capital, or a state with Stalin-grade control. The USSR took agrarian peasants to the first man in space in 20 years; China built its own version. India has neither the state capacity, the political will, nor the balance sheet to do that. So nobody does it.

Talent was never the bottleneck. Capital structure was. If you want a SpaceX or a TSMC born here, you need an environment where a conglomerate can deploy $10B and sleep at night: a low-rate regime that makes long-duration investment rational, IP and patent courts that actually function, and policy that doesn't get rewritten every 2-3 years on a minister's whim. Stability is the input. Innovation is the output.

Bay Area versus Bombay, we are several universes apart, and you cannot print your way across that distance; you can only compound your way there, and we've spent years optimising for the opposite. The gap won't be bridged. With luck, it narrows.

[Artful Dodger @RahulChels]

@cbdhage They bought it cuz IREO went bankrupt. Their old project's superstructure was almost done..

So now Oberoi is gonna build as per their own plan. Hence demolishing the whole thing.

[Artful Dodger @RahulChels]

@Omkarshetty_ Yess

[Artful Dodger @RahulChels]

The gangetic plains.

Endless flat lands. Easy to develop.

You could have never ending housing supply.

How did the NCR real estate industry make it so that we see prices doubling/tripling and homes going out of reach for the avg person?