Have you seen a tournament called T10 Cricket Tournament being telecast on DD Sports?
I saw a match, being played in Sirsa, amidst a bad winter, with players from all around the country and names like Daman Gullies, Latur Gullies, Ludhiana Gullies, etc.
I was tickled. There is hardly any viewership but the teams have sponsors - GO Airlines and some others like SAIL. The teams are nicely attired, have coaches, physios and managers to boot!
The tournament even has experts like Charu Sharma doing some commentary. LOL!
But, I am trying to tell you something else. Is this the dawn of the hinterland in our consumer psyche. Early last year, we saw the invasion of small town India on the telly. By this year, practically all channels have shifted to small town stories.
Now, Cricket has taken that road. Give it a year or two and then watch it blossom and garner ratings similar to some bigger tournaments just like Aajtak and IndiaTV!!
I am looking forward to the same thing to happen to Indian Retail. It has happened in a very small but forthright manner already but there is more to come. I look forward to more of the Lilliputs, Sreeleathers, Liverpools and Ritu Wears to be developed right in our backyards as they move on from just being manufacturers to full blown fashion retailers from small and significant geographies pushing the boundaries of retail beyond what we know as the 5 city bang!
Showing posts with label Realty. Show all posts
Showing posts with label Realty. Show all posts
Tuesday, January 26, 2010
Saturday, May 03, 2008
Sixty Days Up!
Yes..I have finished sixty days in my new organization..all very nice and rosy even now..I have my fingers crossed..it should be like this all the way..I love my assignment..that's saying a lot..as I was this cynical Bong all my life..measuring what is at the other end of the rainbow all the while.
Major pluses till now -
1. A veritable parade of talent at work everyday. Whoa! never seen such brilliant people in one collection before this. Sometimes, I just have to shut my trap and listen to them speak, interact or think aloud!!(tough, that for a true blue Bong!!)
2. Lots of good work to do. I itch to get to office everyday..hope this goes on and on..so many decisions to make..process contributions to make or even be in steering sessions that shape up developments as they happen..Man, it reminds me of my cheffing days when a Biryani or a kebab used to get creatively done through painstaking mis en place!
3. Finance, a subject I had blissfully ignored during Operations, is my area of work and I am having to hear my brains creaking into place even to understand basic things..hopefully, It shall get better as I plod along??!!
4. My belief, that no plot of land is bad and no location is great or awful is now being strengthened. I am working with two not so great locations knowing fully well that what I shall put into them shall make the location a "Great Destination"!
This is one Big Opportunity and I am humbled by what I see everyday! India's largest REIT..That's cool!!
Major pluses till now -
1. A veritable parade of talent at work everyday. Whoa! never seen such brilliant people in one collection before this. Sometimes, I just have to shut my trap and listen to them speak, interact or think aloud!!(tough, that for a true blue Bong!!)
2. Lots of good work to do. I itch to get to office everyday..hope this goes on and on..so many decisions to make..process contributions to make or even be in steering sessions that shape up developments as they happen..Man, it reminds me of my cheffing days when a Biryani or a kebab used to get creatively done through painstaking mis en place!
3. Finance, a subject I had blissfully ignored during Operations, is my area of work and I am having to hear my brains creaking into place even to understand basic things..hopefully, It shall get better as I plod along??!!
4. My belief, that no plot of land is bad and no location is great or awful is now being strengthened. I am working with two not so great locations knowing fully well that what I shall put into them shall make the location a "Great Destination"!
This is one Big Opportunity and I am humbled by what I see everyday! India's largest REIT..That's cool!!
Thursday, March 20, 2008
No Panic Stations yet!
My blog has been left untended for the last 25 days or so. Ah, not an excuse but I had actually been busy doing the shift from Pune to Mumbai and the shift in paradigm, from my old job as a Business Head of an Entertainment company to a new job that looks at Urban Developments, an amalgamation of Retail, Entertainment and Leisure!
Well, the shift is complete and I have steadily settled down to my usual play all round the wicket, as they say! Land acquisition to Pioneering Developments, have to do all in between and more. That brings me to an important question. Is India ready for such galactic progress in Urban zones?
Why I ask so?
1. Our Urban zones are still populated by the very poor and the very rich. The middle class is..well..still in the middle, I do not yet find them hugely aspirational or risk taking. In fact, they have been pretty sceptical of the progress even while they surreptiously take part in it. Some sectors have done well, need based but I'll give that - Telecom, Infra, White goods, FMCG, Media, etc. As the middle class is, wants to wear good clothes, put on decent fashions, eat the right stuff, carry the right phone, see the right channels, save well and use money judiciously, we have seen the Business boom in those sectors who cater to such basic needs. But, Lifestyle and Entertainment still rank pretty low and Our BIG Developm ents may have to stretch limbs to catch this middle class without which we are actually done for!
2. Urban roads and Transport are a concern and very few cities are able to address that very correctly. Our developments may depend on them for succor.
3. People to service these Lifestyle Developments - where do we find them? These sectors are still considered as non serious sectors in the minds of Parents, Teachers and the youth themselves. So, quality people are not to be found in a hurry. So, I have to confront a YSL seller who cannot pronounce the "Yves St. Laurent" correctly. How is it gonna sell?
4. Paucity of Thought Leaders in Retail and Realty sectors - So, we have the same Anchor Stores, Multiplex and Vanilla shops peeking at us from various nooks of the same city!!
These are Destinations and have to be propelled as Tourism ventures with the potent mix of Fun, Film, Food, Fashion and Finesse. Customers, who when coming in have to be looped in with enticing and compelling "Stay" reasons.
But, glad that we are all starting to give primacy to that customer. A day shall come when we shall have the Password to his heart and mind too!
The Sensex is down. Liquidity has been sucked out of the market. Funders are pretty much wary of putting their money where their mouth is. Land prices are showing no signs of touching Mother Earth. This is not a pretty picture. But, no Panic Stations yet, we live in hope and make the best of what we have now!!
Well, the shift is complete and I have steadily settled down to my usual play all round the wicket, as they say! Land acquisition to Pioneering Developments, have to do all in between and more. That brings me to an important question. Is India ready for such galactic progress in Urban zones?
Why I ask so?
1. Our Urban zones are still populated by the very poor and the very rich. The middle class is..well..still in the middle, I do not yet find them hugely aspirational or risk taking. In fact, they have been pretty sceptical of the progress even while they surreptiously take part in it. Some sectors have done well, need based but I'll give that - Telecom, Infra, White goods, FMCG, Media, etc. As the middle class is, wants to wear good clothes, put on decent fashions, eat the right stuff, carry the right phone, see the right channels, save well and use money judiciously, we have seen the Business boom in those sectors who cater to such basic needs. But, Lifestyle and Entertainment still rank pretty low and Our BIG Developm ents may have to stretch limbs to catch this middle class without which we are actually done for!
2. Urban roads and Transport are a concern and very few cities are able to address that very correctly. Our developments may depend on them for succor.
3. People to service these Lifestyle Developments - where do we find them? These sectors are still considered as non serious sectors in the minds of Parents, Teachers and the youth themselves. So, quality people are not to be found in a hurry. So, I have to confront a YSL seller who cannot pronounce the "Yves St. Laurent" correctly. How is it gonna sell?
4. Paucity of Thought Leaders in Retail and Realty sectors - So, we have the same Anchor Stores, Multiplex and Vanilla shops peeking at us from various nooks of the same city!!
These are Destinations and have to be propelled as Tourism ventures with the potent mix of Fun, Film, Food, Fashion and Finesse. Customers, who when coming in have to be looped in with enticing and compelling "Stay" reasons.
But, glad that we are all starting to give primacy to that customer. A day shall come when we shall have the Password to his heart and mind too!
The Sensex is down. Liquidity has been sucked out of the market. Funders are pretty much wary of putting their money where their mouth is. Land prices are showing no signs of touching Mother Earth. This is not a pretty picture. But, no Panic Stations yet, we live in hope and make the best of what we have now!!
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