Get All Access for $5/mo

What Got this Luxury-builder into Entrepreneur India's 35under35 List Here's how this entrepreneur is building affordable holiday homes for Indians

By Komal Nathani

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Entrepreneur India

Blender's Pride Reserve Collection presents Entrepreneur's 35U35 list included some path-breaking names from the field of entrepreneurship and Isprava founder Nibhrant Shah made it to the list for enabling aspiring entrepreneurs to have an online presence.

About five years ago, luxury living on the top of the hills or at a beach house was a dream for many. But, not anymore! Mumbai-based Nibhrant Shah tapped an opportunity in India's real estate market and single-handedly started Isprava Homes in October 2013, which offers people their dream vacation homes.

From celebrities to industrialists to superstars and sports icons, Isprava has built an illustrious presence with 110 homes and 9,000 rental guest houses in a span of five years.

Why isprava

The company has also lured Indian HNIs and UHNIs in the real estate market to raise funds. It has so far been invested in by the Godrej Family, Piramal family office and other top industrialists and professionals from Deutsche Bank, UBS and others from across the globe. "We have raised in total capital of over Rs 150 crore, this includes both Project Level and Company Level funding," says Shah. The company attained breakeven early, in its five-year journey.

Since April 2017, the company has sold close to 120-130 homes. "We are aiming at higher targets for 2019, said Shah. When asked how the market in India is responding to the idea of buying holiday homes, Shah quipped, "There is definitely a high-end market for buying holiday homes coupled with huge demand. The demand is mainly fuelled by people wanting to escape the hustle and bustle of metro cities and spend time in the laps of nature and also, the young adults in their 20s and 30s who frequently go out on vacations.

From an Investment Banker to Entrepreneur

After quitting the job of an investment banker in London, Shah moved back to India in the quest of starting a business. He tried his luck with a number of startups and eventually cashed in on an idea of opening an accounting firm called, "Themis'.

About three years ago, when Shah was away from his hometown Mumbai on a Goa vacation, he saw how more and more people were enthused with the idea of buying vacation homes. He saw it as the opportune moment and without delay, decided to start a company that can offer people their dream vacation homes.

"Isprava started out of two things, one was catering to the people's desire of buying vacation homes. Second was to augment the entire home buying experience in India," said Shah.

(This article appears in the February 2019 issue of Entrepreneur Magazine. To subscribe, click here. You can buy our tablet version from Magzter.com. To visit our Archives, click here.)

Komal Nathani

Former Correspondent, Entrepreneur Asia Pacific

A firm believer of hard work and patience. Love to cover stories that hold a potential to change the momentum of business world. Currently, a part of all-women web team of Entrepreneur’s Asia Pacific edition to jig the wheel of business journalism!

Side Hustle

She Had Less Than $800 When She Started a Side Hustle — Then This Personal Advice From Tony Robbins Helped Her Make $45 Million

Cathryn Lavery built planner and conversation card deck company BestSelf Co. without any formal business education.

News and Trends

Education Industry Terms Union Budget As Roadmap For Futuristic Development

A new skilling scheme which envisages the upskilling of 20 lakh youth over the next five years, along with a comprehensive scheme of internships for youth, will boost employment generation besides equipping the workforce with crucial skills to meet evolving needs of the industry.

Data & Recovery

12 Ways to Increase Online Sales

Improve the sales effectiveness of your site with one of these guaranteed ways to turn visitors into buyers.

Business News

He Bought Nvidia Stock in 1993. Now It's the Backbone of His $8.8 Billion Net Worth.

Venture capitalist Mark Stevens is Nvidia's second-largest shareholder.

Business News

Taylor Swift Paused Her Show Over the Weekend Due to Safety Concerns. What She Said Next Is a Powerful Lesson in Leadership.

A show of concern for fans and an appreciation for the staffers who helped marked an emotional final "The Eras Tour" show in Germany this weekend.

News and Trends

Energy Sector Lauds Union Budget 2024

The announcement for support of Pumped Hydro Storage is a key step for supporting Long Duration Energy Storage technologies.