Sahil's Portfolio

[sahil_vi]

@yrm91

As mentioned, most IT companies, including TCS which has over 500k employees have publically stated their intent to move to a hybrid WFH model: only 25% employees coming to office each day

These are not embassy clients. Embassy clients (if you read about them) are fortune 500 companies all of which are growing their presence in India and bangalore aggressively. One cannot extrapolate from TCS to Goldman/Morgan Stanley/Well’s fargo. Also, Indian IT are wrong about their public guidance as per my independent analysis and will have to eat their words.

@yrm91

If IT stops absorbing office space, or god-forbid starts net releasing space, I think we can effectively forget about the 5% annual price hike that most analysts have built into estimates.

If horses could fly then horse racing would be a very fun event to watch. What matters is the probability associated with an event. IT sector (specially fortune 500 companies) reducing leased space in india is a very very low probability event IMV (it might be easier to genetically engineer horses to grow wings and fly )

@yrm91

But, prices have been flat there for 8 years now

But i do not care about 8 year price trends. As i have been writing in the REIT threads, REITs are a multi decadal capital protection opportunity. Over a 20-30 years period, all real estate would appreciate at inflation rates. Add to that whatever rental yield we get (4-7%) and we manage to beat inflation.

If you are still not convinced, we can always agree to disagree. Thank you for adding your thoughts though, contra views are a key part of any investor’s investment process IMV.