GRIP

GRIP Library

Research, organised by subject.

Five shelves. Filter by country, topic or format. The newest notes are listed first.

The Eiffel Tower and river boats on the Seine at dusk

Newest

34 notes in the library · Audio commentaries

Real estate research

Tenure, use, buildings and the local rules that decide what can be held.

A high-rise under construction, with cranes still above the unfinished floors

Real estate research

How infrastructure is reshaping Indian real estate

An open metro, a working port and a corridor that exists only on a drawing each do something different to land.

Research note25 October 20262 min read

Aerial view of HITEC City in Hyderabad, with Durgam Cheruvu in the foreground and office towers beyond

Real estate research

India’s office market and the global services economy

The floors global tenants occupy sit in a handful of corridors. They track hiring in services exports more closely than the national growth print.

Research note25 October 20262 min read

The forecourt of Rashtrapati Bhavan in New Delhi

Real estate research

India and the global property investor

FEMA decides who may buy. RERA decides how a project is registered. Neither document states a yield.

Research note25 October 20262 min read

Pedestrians and goods traffic on the Howrah Bridge over the Hooghly in Kolkata

Real estate research

Retail, warehousing and the logistics boom

A store, a dark store and a highway shed answer the same consumption with three different buildings.

Research note25 October 20262 min read

A tree-lined street of older houses

Real estate research

New build versus existing property: an investment framework

A new building is a contract with a developer and an unknown running cost. An older one is a known set of defects and a record. Neither is automatically the better holding.

Research note18 September 20263 min read

Waterfront apartments along a harbour

Real estate research

How to compare two property markets across countries

A cheaper price in another currency is not yet a comparison. Tenure, the occupier and the exit have to travel with it.

Research note16 September 20262 min read

Residential buildings seen from the street

Real estate research

What actually creates rental yield?

A yield is what remains after the occupier, the empty weeks, the building and the tax authority have all been counted. The city brand is not that sum.

Research note12 September 20263 min read

Concrete modernist building against a clear sky

Real estate research

Tenure, use and the quiet details that matter

Freehold, leasehold, strata, quota, company. The words are dull. They are also the asset.

Brief3 September 20262 min read

High-rise office towers in late sun

Real estate research

Foreign ownership is a local question

There is no international standard for who may hold land. The jurisdiction in front of the title is the one that applies.

Brief9 June 20262 min read

Global economy and macro

Payrolls, credit and the national facts that sit underneath a street.

Investment basics

What a holding is for, how long it can be funded, and what a cycle does to it.

Startup investing

Where firms form, and what that does to space. The ecosystems section is the longer account.

The facade of Chennai Central railway station

Startup investing

India’s manufacturing push: capability, ambition and constraints

Operating factories, an incentive, a corridor on a map and a semiconductor approval are four different facts.

Research note25 October 20262 min read

Towers in central Bengaluru, including a glass high-rise and the UB City spire, seen over an older white block

Startup investing

India’s startup ecosystem beyond Bengaluru

Bengaluru has the deepest engineering pool. Mumbai, Delhi NCR, Hyderabad, Chennai and Pune are separate company markets, already briefed as such.

Research note25 October 20262 min read

Open country beyond a built edge

Startup investing

Portfolio thinking for small startup investors

Venture funds hold many companies because they expect most of the cheques to disappoint. A handful of crowdfunding tickets is not that portfolio.

Research note25 September 20263 min read

Commercial towers in Futian, Shenzhen, looking east across the district

Startup investing

Why most startups are high-risk investments

The risk is not a mood about founders. It is illiquidity, a real chance of losing the whole amount, and a return that depends on an exit which may never be arranged.

Research note22 September 20262 min read

Towers in central Bengaluru, including a glass high-rise and the UB City spire

Startup investing

How to read a startup before thinking about valuation

A valuation is a price for a particular claim. The claim is unreadable until the customer, the cash and the terms are named.

Research note19 September 20262 min read

A quiet workspace looking out toward a city

Startup investing

Angel investing, venture capital and equity crowdfunding: what is the difference?

Three ways money reaches a young company. They use different cheques, different information and different ways of getting the money back.

Research note15 September 20263 min read

People working in an office

Startup investing

How ordinary investors can understand startup investing

A startup stake is a private, hard-to-sell claim on a young company. It is not a smaller version of a listed share, and it is not a savings account.

Research note11 September 20262 min read

Petronas Twin Towers and the Kuala Lumpur skyline at dusk

Startup investing

Where firms cluster, space gets interesting

Startups, headquarters and industrial parks do not just need offices. They rearrange housing, hospitality and the next street.

Brief19 July 20262 min read

Markets and cities

How a city is read before a building, including the week someone would actually live.

Audio

Numbered recordings sit on the audio page, in listening order. The latest is marked there.