“The question is, you know as an entrepreneur, where is the return on capital? Blue chips have a return on capital between 18% and 25%, so one has to take steps to accentuate returns. Up till now, the real-estate companies have only burned capital,” late Rakesh Jhunjhunwala had said at a CII conference in February, leaving real-estate companies stunned. Jhunjhunwala had his reasons. Typically, real-estate companies tend to buy large land parcels
( Originally published on Sep 02, 2022 )
Refer & Earn
Get Unlimited Access to The Economic Times
