“A relative of mine jokingly told me: See this Burj Khalifa, you cannot enter it,” he said. Seeing an advertisement about an apartment for rent in the Burj Khalifa in 2010, Nereaparambil rented it the same day and moved in the very next day .
Now, six years on, with 22 of the 900 apartments at perhaps the Gulf’s poshest address under his belt, he said five were rented, and, the rest “waiting for the right tenant”. He has no plans of stopping at 22. “If I get a good deal, I’ll buy more. I am a dreamer and I never stop dreaming,” he told Khaleej Times.
Nereaparambil’s rags-to riches story is quite incredible. He realised there was great scope for an air-conditioning business in the hot desert climate after he first touched down in Sharjah in 1976.
Nereaparambil then began setting up what is now a mini-empire, the GEO Group of Companies. Nereaparambil showed a good head for business when he was just 11 and helping his father trade cash crops.
“People in my hometown used to trade cotton, but they’d throw away the cotton seeds. Not many knew you could make gum from those seeds,” he said, adding that he would sift through the dirt for the seeds and often make a “90% profit selling them on”.
“I’d do the same with tamarind seeds. I’d sell the empty shells on as cattle feed,” he added.
Credits MSN News