5 Townhouses (Sunny Katyal)
1040m2, GZ, Frankston, Victoria
You’ve found a block online, zoned for development and the numbers look great. You think it’ll be smooth sailing until reality hits.
Sunny Katyal this month’s Real deal presenter knows exactly what that feels like when he secured a site in a general residential zone, planning a 5-townhouse project, everything that could go wrong did go wrong. Lender delays, a builder going bankrupt, and the challenges of managing a project from a distance. Margins squeezed. Stress levels skyrocketed. What should have been a simple townhouse development turned into a real-world lesson in resilience and problem-solving.
At our next Property Developer Network Meetup, Sunny will share the real, unfiltered story of this 5-townhouse project from purchase in 2020 to completion in 2026. You’ll learn:
• How he navigated lender issues without derailing his project
• How he managed builders and contractors to avoid costly setbacks
• How he handled managing his site from a distance
• The hard lessons and practical strategies he learned to keep the townhouse deal profitable
If you’re a mum-and-dad developer wanting to see the reality behind the numbers, avoid rookie mistakes, and learn strategies that actually work, Sunny’s story is not one to be missed.