. . . this is first thing that came to my mind i.e. you are never sure of what management is thinking. . they will talk about Hotel (and then also argue if managing itself is great or should be outsourced), and then suddenly they will come up with residential (may come up, as its only us who are speculating looking at the website; though they fleetingly did mention in the AGM)
. . . my take on management that they are risk averse (no debt), still prudent (in managing cash in debt investments and investing in newer assets), manage business very very closely (inch by inch they keep creating opportunities within the land holding), are not afraid to innovate and anticipate where market is heading (shifting from exhibition to IT buildings few years ago, or their current thinking of new future plans on remodeling entirely the Goregaon land), are not scared (of reliance), manage crisis well (traffic issues), keep evolving (started F&B business), not scared to re-orient (soon realized their own properties e.g. paddy fields have not much to offer OR that they hired new age managements staff for future growth), are nimble footed (steadily evaluating and will get into new market e.g. resi. etc)
. . .but in the end they are a family run business with, thankfully a reasonable regards for the investors, but don’t feel obliged to keep you pre informed. . . their methods are like an unsaid rule: DONT ASK US WHAT WE DO, HOW WE DO, OR WHEN WE DO; JUST TRUST US AND WE WILL TAKE CARE OF YOU
. . . honest, hard working, but like to keep and arms length distance