MAY 2026 sharply, building costs have surged, and sale prices haven’t kept pace. Raj says the days of acquiring an older property, demolishing and rebuilding, and turning a meaningful profit are largely over. “Lots that I used to buy for $500,000 are now $1.6 million,” he says. “The final sale price isn’t going to be $10 million, so where does the profit come from? It’s not there.” The Brighton project makes sense, Raj explains, because the economics are different – it was a well-priced acquisition, there’s existing service infrastructure from the previous owner’s phased condominium plans, and the marina’s 30-plus boat slips will provide opportunity for additional. It is, according to Raj, “a very unique opportunity.” Because that kind of opportunity doesn’t come around too often, Raj says that custom homes will remain at the heart of Nine Arch Estates. He also says they will continue to approach those same ways, with the same high level of integrity from the first conversation to the final walkthrough. Raj draws a firm line between builders who cut corners and those who do the job right, and frames it in straightforward terms. “When it comes to a house, you cannot fool around,” he concludes. “People are investing a significant amount of money. They want to build a beautiful life. There is a safety dimension to this too. You have to be serious about it – and I am. I take building a client’s home very seriously.”
RkJQdWJsaXNoZXIy OTYzNTg=