Read on Twitter
Case study to buy 5 flats in Mumbai!
This is a story about a Vada Pav Seller.
I remember him selling Vada Pav on his cart since more than 25 years in one of suburbs of Mumbai.
He then expanded and started two more carts in same suburb.
Total 3 carts.
(Thread
)
This is a story about a Vada Pav Seller.
I remember him selling Vada Pav on his cart since more than 25 years in one of suburbs of Mumbai.
He then expanded and started two more carts in same suburb.
Total 3 carts.
(Thread
)
His vada pav became a hit, sold out within seconds
Vada Pav sold around â‚ą2.50 in early 90s
Same vada pav sold for â‚ą14 now
(Though size has reduced like FMCG products)
Today he has 5 Flats in Mumbai in housing societies
Networth easily more than â‚ą6-7 Cr
Vada Pav sold around â‚ą2.50 in early 90s
Same vada pav sold for â‚ą14 now
(Though size has reduced like FMCG products)
Today he has 5 Flats in Mumbai in housing societies
Networth easily more than â‚ą6-7 Cr
Takeaways:
• Hardwork pays in long run
• Maintain quality at a good price point
• Start small and expand gradually
• Don't invest in shops- save on rent, electricity, stamp duty, water bills, etc.
• Use our footpaths available freely across the city
• Hardwork pays in long run
• Maintain quality at a good price point
• Start small and expand gradually
• Don't invest in shops- save on rent, electricity, stamp duty, water bills, etc.
• Use our footpaths available freely across the city
• Pay a small negotiable amount + vada pavs for the same to the authorities
• Help the underpaid government staff to improve their standard of living
• No documents needed
• Earn all money in hard cash. No income tax, professional tax, etc
• Help the underpaid government staff to improve their standard of living
• No documents needed
• Earn all money in hard cash. No income tax, professional tax, etc
• Use that money to buy flats, builders prefer hard cash!
• Keep repeating this year after year
• Not all Hawkers are poor
• They can buy 5 flats in Mumbai but won't buy a shop
• Many believe that hawkers are poor and they should be allowed on Footpath
• Keep repeating this year after year
• Not all Hawkers are poor
• They can buy 5 flats in Mumbai but won't buy a shop
• Many believe that hawkers are poor and they should be allowed on Footpath
• This encourages the influx of people from other states
• Population keeps exploding
• Leaders and authorities least bothered
• Black money still rules
• Pedestrians will never get footpaths
• Salaried class will slog their lives to repay the home loan EMIs
• Population keeps exploding
• Leaders and authorities least bothered
• Black money still rules
• Pedestrians will never get footpaths
• Salaried class will slog their lives to repay the home loan EMIs
• Leads to congestion across the city
• Infrastructure deteriorating
• Law & Order out of control
Will Mumbai ever become a world class City, if things remain the same?
Do you agree with the case study? Are there any similar stories you are aware of. Comment below.
• Infrastructure deteriorating
• Law & Order out of control
Will Mumbai ever become a world class City, if things remain the same?
Do you agree with the case study? Are there any similar stories you are aware of. Comment below.
