9 Townhouse development (Narasimha Murthy Nagarajan)
2300, R2, Wahroonga, Kur-gai council, New South Wales
From Lost Opportunity to Millions in Profit… Wowza
Ever had the one that got away? A deal that looked perfect, stacked up beautifully… but life or your bank account got in the way?
That’s exactly how this month’s Real Deal Narasimha Murthy Nagarajan started. Back in 2021, a site with zoning for nine senior living villas caught our presenter’s eye. The numbers worked, the location was gold, but cashflow was tight. So, with regret, he let it go.
Fast forward two years. The original developer went bankrupt, and the very same site came back on the market at below the original price. With finances in a better place and the numbers still stacking up, he knew this was his second chance… and this time, he grabbed it.
But don’t be fooled this wasn’t a walk in the park. Delayed DA approval and council red tape created a six-month nightmare. Funding was a constant juggle with multiple money partners and a private lender, each with their own hoops to jump through. And being a senior living product added a layer of complexity around design standards, marketing, and LSR compliance.
So how did he turn it all around?
- Delayed settlement secured the deal while managing risk
- A-grade builder delivered the full construction in just 14 months
- Smart use of private funding and investor capital
- A clearly defined exit strategy and product-market fit
- And above all unshakable persistence
The result? A completed project and millions in profit.
Got a deal that’s testing your patience? Feel like you missed your window? This story will give you the perspective and maybe even the strategy you need to turn things around.
Join us this month and hear how he made it happen warts, wins, and all. Because this is real-world development, not the glossy version.