A Shelton Reed film · IPS Congress 2026, Dubai

Amit Puri, BCD Global: Dubai's market sits under 2 million dirhams

Amit Puri, CEO of BCD Global, sits down with Alexander Morari, MRICS, CEO of Shelton Reed, at IPS Congress 2026 in Dubai: why BCD builds for end users under two million dirhams, why Dubai, and how the company grows without external debt.

23 minutes · Amit Puri, BCD Global & Alexander Morari, MRICS, Shelton Reed

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About this conversation

Amit Puri (opens in a new tab), CEO of BCD Global (opens in a new tab), sits down with Alexander Morari (opens in a new tab), MRICS, CEO of Shelton Reed, at IPS Congress 2026 (opens in a new tab) in Dubai.

BCD (Bhandari Construction and Development) was founded in India in 1952 and spent seven decades as a contractor, delivering roughly 160 million square feet across seven markets, before developing on its own account.

Puri explains why the company builds for end users in the sub two million dirham band, where he says 62 percent of last year's Dubai sales landed, and why it grows without external debt.

Carpe Diem, the principle he carries as a tattoo, is engraved into his modus operandi.

Credits

Guest
Amit Puri (opens in a new tab), CEO, BCD Global (opens in a new tab)
Interviewer
Alexander Morari (opens in a new tab), MRICS, CEO of Shelton Reed
Production
Produced by RealTimes (opens in a new tab), sponsored by Shelton Reed
Recorded
IPS Congress 2026 (opens in a new tab), Dubai, 7 September 2026

Chapters

  1. 00:00 Introduction: Amit Puri, BCD Global (opens in a new tab)
  2. 00:36 From 1952 Indian contractor to Dubai developer (opens in a new tab)
  3. 02:21 The sub two million dirham end user segment (opens in a new tab)
  4. 03:22 Why Dubai: published land prices and transparency (opens in a new tab)
  5. 04:55 Growing without external debt (opens in a new tab)
  6. 07:31 Contractor turned developer, and what the legacy changes (opens in a new tab)
  7. 10:30 What London can learn from Dubai (opens in a new tab)
  8. 14:17 Cities that treat real estate as a vitamin (opens in a new tab)
  9. 19:11 Architect or spreadsheet: where a decision starts (opens in a new tab)
  10. 22:05 Sign off (opens in a new tab)

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