Sunteck Realty appoints Jitendra Mehta as CFO
Sunteck Realty inform the stock exchange that the Board of Directors at their meeting held on August 16, 2017 and appointed Mr. Jitendra Mehta as Chief Financial Officer of the Company with effect from August 16, 2017.Source : BSE
Pankaj Bajaj is the new CREDAI NCR President
At the General Body Meeting held on 27th July, 2017 in New Delhi, the NCR chapter of Confederation of Real Estate Developers Associations of India (CREDAI) selected the new President - Mr. Pankaj Bajaj and also the new leadership team for 2017-2019.
The new team led by Mr. Pankaj Bajaj will be in charge of extremely important decisions and new developments as the Government has incorporated many new projects and reforms such as RERA, ‘Housing for all by 2022’ and ‘100 Smart Cities’ etc., in recent times. This is a important move considering that the Indian real estate industry is going through a transitional phase.
Mr. Somil Agrawal joins Cushman & Wakefield India
Mr. Somil Agrawal joins Cushman & Wakefield India as Head of Strategic Marketing.
Based out of Gurgaon, Somil will be responsible for strengthening the brand in India and driving demand generation in line with the company's global strategy. The announcement was recently made on the official LinkedIn page of C&W.
Mr. Anil Khambadkone joins Prop Tiger India as AVP
Renowned real estate personality Anil Khambadkone has recently joins Prop Tiger India as Associate Vice President.
Prior to Prop Tiger he was with Coldwell Banker India as Assistant Vice President where his key role was to develop business through the Franchises & core competence in evolving business strategies for various modules within the system - as stated in his personal LinkedIn profile.
Mr. Rahul Yadav, the former CEO of Housing.com joins ANAROCK
ANAROCK Property Consultants, recently launched by real estate industry stalwart Anuj Puri announced its big recruit - Housing.com's co-founder and ex-CEO Rahul Yadav as Chief Product and Technology Officer, on Monday.
After his hugely successful stint with Housing.com, Rahul Yadav was associated with Lodha Group for a brief period.
He will work as the Chief Product and Technology Officer at ANAROCK.
Mr. Amit Masaldan is the new National Sales Head of Housing.com
Realty portal Housing.com has recently appointed Amit Masaldan as National Sales Head to expand its senior leadership team.
"The new appointment comes in conjunction with the company's recent merger with PropTiger to become the largest and preferred full service online-to-offline (O2O) real estate platform in India," a company statement said. Prior to joining Housing.com, Amit worked with another realty portal MagicBricks.
Dated : April 19, 2017
Mr. Kaustuv Roy returned to Cushman & Wakefield, the renowned Global real estate services firm, as Managing Director - New Business Acquisition.
The announcement was recently made on the official LinkedIn page of C & W.
Dated : March 17, 2017
Global Real Estate services firm JLL India has appointed Mr. Karan Singh Sodi as the new Managing Director - Mumbai.
The announcement was recently made on the official LinkedIn page of JLL India.
Dated : March 17, 2017
Colliers International India has appointed Gagan Randev as the National Director, Capital Markets & Investment Services.
Gagan will partner with Suresh Castellino, National Director, CMIS at Colliers International to further strengthen the CMIS business with predominant focus on NCR and Kolkata.
With over 25 years of experience across Banking, Financial Services & Insurance and Investor relations, Gagan is a financial markets veteran. He has joined Colliers International to grow the CMIS business in the North (NCR) and the East (Kolkata), with focus on core assets.
“I am delighted at Gagan’s addition to the Colliers International team, it adds to our ability to service a wider spectrum of clients providing them a wider array of services”, says Saacketh Chawla, Deputy Managing Director, Colliers International India
Starting his career with Citibank, Gagan has been a part of leading financial institutions like ANZ Grindlays Bank (now Standard Chartered Bank), Tata AIG Life Insurance Company, ABN Amro Bank, Religare Securities Ltd and BPTP Ltd. His most recent role in BPTP involved overseeing Finance & Investor Relations and building relationships with large International and domestic Investors, PE’s and Banks/NBFC’s, apart from deal structuring and M&A, Asset disposition and cementing key partnerships with key partners.
He oversaw the disposition of the marquee asset – BPTP Crest to RMZ Corp. Prior to joining BPTP Ltd., Gagan was the MD & CEO of Religare Securities.
“I am very excited with the opportunity at Colliers International and hope to contribute in taking the CMIS business to greater heights in partnership with Suresh. The CMIS business is slated to change given the spate of changes in the Industry in India and Colliers is expected to be at the forefront of these and contribute to the success of our clients,” says Gagan.
Gagan’s appointment is part of Colliers International’s strategy to further strengthen its presence at a pan- India level and enable the company to better serve the needs of its Investor clients. Suresh added, “I am very excited to be partnering with Gagan, as having him onboard will help us in not only adding capabilities on core asset sales, but also grow Colliers market share in this space. I look forward to working with Gagan and accelerate the growth of our CMIS business”.
Dated : March 2, 2017
JLL India Appoints Manish Aggarwal as MD - North and East India
Leading international property consultancy JLL India has appointed industry veteran Manish Aggarwal as Managing Director - North and East India operations. Previously, Mr. Aggarwal was MD - North and East India at Cushman & Wakefield, and prior to that held key positions at Knight Frank and Colliers. He assumed his new role at JLL on 1st February, 2017 and is based in Gurgaon.
Manish Aggarwal will primarily focus on strengthening JLL's Delhi NCR transactions businesses, while simultaneously overseeing the firm's Eastern India operations. As a part of his new role, Mr. Aggarwal will also assume a senior leadership seat within JLL's India Leadership Council (ILC).
Santhosh Kumar, CEO - Operations & International Director, JLL India says, "Drawing on his extensive experience as a real estate expert across asset classes, Manish Aggarwal will drive our growth in North and East India. He has managed a variety of complex, high-value assignments with major Indian and international corporate clients, developers and funds. His indubitable abilities and deep connections with key stakeholders in these two critical markets made him the natural choice for JLL."
"As a real estate services professional, the move to JLL India is a logical transition for me," says Manish Aggarwal. "During my long career in the realty space, I have witnessed the transformational growth of this firm globally as well as in India. It is the pre-eminent and leading name among international property consultancies in India, with a vast operational platform that presents me the kind of challenging professional opportunities I prefer. I am highly enthused about applying my core competence in the North and East Indian markets to advance JLL's business there and to spearhead the next phase of growth in these critical markets."
Manish Aggarwal's multi-faceted expertise, which includes identifying new business avenues, cross-selling opportunities, strengthening client relationships and ensuring service delivery have come into play from Day 1 of his appointment at JLL India. He is one of the rare real estate professionals specialized virtually in all key aspects of the realty business. Apart from office real estate transactions, he is an expert in real estate-focused Capital Markets, Land and Industrial services and Investment Services, including Valuations.
With the Delhi NCR office being one of JLL's most dynamic business centres, Mr. Aggarwal's leadership will contribute significantly to reaffirming the firm's stature as the region's leading International Property Consultancy.
About JLL India
JLL is India's premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across 11 cities (Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of over 8500, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset management, sustainability, industrial, capital markets, residential, hotels, healthcare, senior living, education and retail advisory. The firm was awarded the Property Consultant of the Decade at the 10th CNBC Awaaz Real Estate Awards 2015 and the Best Property Consultancy in India at the International Property Awards Asia Pacific 2016-17.
Dated : February 17, 2017
Cushman & Wakefield appoints Ritesh Sachdev as MD
Global real estate services firm Cushman & Wakefield on Friday announced the appointment of Ritesh Sachdev as Managing Director-South of the firm in India.
"South India contributes greatly to the Indian Real Estate sector and has been at the forefront of the office and industrial developments in the past decade," Anshul Jain, Managing Director, India, Cushman & Wakefield, said in a statement.
"As the sector matures and moves towards a more strategic approach, having someone with Ritesh's experience at the helm of this critical geographic market would be ideal."
According to the firm, Sachdev will focus on steering a growth strategy and securing a market leading position for the firm in the Southern India market.
Dated : February 13, 2017
Top-level changes at Godrej Properties, Pirojsha to take over as Exec Chairman
MUMBAI, FEB 2:
Godrej Properties Ltd announced changes to its leadership team today. Chairman Adi Godrej will assume the Chairman Emeritus position at Godrej Properties.
Pirojsha Godrej, currently the Managing Director and CEO, will be the Executive Chairman. Mohit Malhotra, currently an Executive Director at Godrej Properties, will be the new Managing Director and CEO.
Pirojsha joined Godrej Properties in 2004 and has been the Managing Director and CEO since 2012.
In the years that he has led the company, Godrej Properties has been one of the fastest growing real estate developers in India and for the first time in fiscal year 2016, emerged as India’s largest publicly listed real estate developer by sales.
Pirojsha holds a Bachelor’s degree in Economics from the Wharton Business School at the University of Pennsylvania, a Master’s degree in International Affairs from the School of International and Public Affairs (SIPA) at Columbia University, and an MBA from Columbia Business School.
Mohit joined Godrej Properties in 2010 and has been instrumental in the company’s growth since then. He first headed business development for the company and has since taken on larger leadership responsibilities that currently include heading GPL’s pan-India operations.
Mohit was appointed to GPL’s Board of Directors as an Executive Director in 2015. Prior to joining Godrej, Mohit has worked in several leading companies in the FMCG, private equity, and real estate development space.
Karan Bolaria, who currently heads Godrej Fund Management, a subsidiary of Godrej Properties, will be appointed as its CEO.
Adi Godrej, Chairman, Godrej Group, said: “Pirojsha, Mohit, and the Godrej Properties team have delivered tremendous results in a difficult market environment and I’m sure will lead the company to new heights. There will be many exciting opportunities in the Indian real estate space in the coming decades and the leadership team at Godrej Properties is well placed to capture these opportunities and successfully build an outstanding company.”.
Source : http://www.thehindubusinessline.com/
Dated : February 2, 2017
Space Matrix appoints Akshay Lakhanpal as the new Joint MD of India operations
MUMBAI: Singapore-headquartered interior design firm Space Matrix has appointed Akshay Lakhanpal as the new Joint Managing Director in India, amongst a slew of senior hires. Lakhanpal will join Jaiprakash Aildasani, the other Joint Managing Director, to drive growth in India and strengthen the company’s competitiveness, the company said in a release.
Prior to this new assignment, Lakhanpal, a project management expert with over 12 years of experience in the real estate sector, was the Director at Cushman & Wakefield and looked over the company’s business in North India.
The strategic appointments come in the wake of Space Matrix’s concerted initiatives to tap the burgeoning domestic market and support the global client network with a strong domain presence. Since the beginning of 2016, Space Matrix has increased the headcount in India by 20%.
“I am excited to join the Space Matrix team with its clear focus on being an unrivalled player in the workplace design build industry. I look forward to strengthening our platform in India with an exceptional leadership team that combines infectious spirit and passion with incomparable drive to achieve success for our clients,” Lakhanpal said.
Space Matrix’s recent large projects include the 1.1 billion square feet office space for ITC Limited in Bangalore, the Abbott office in Mumbai, of 400,000 square feet and the Astra Zeneca office space of 160,000 sq ft in Chennai.
Among other appointments, Barnali Sarkar, former Head of Procurement for Larsen & Toubro (Construction) will lead the new pan-India procurement team in improving processes. Sachin Boradia, who left Space Matrix in 2010 to focus on his entrepreneurial venture, Transcend, has been appointed as Director to drive operations in West India, along with the entire Transcend team.
Adding to the company’s design expertise, Space Matrix has also brought on board International Designer, Carlito Sosito, who has over 30 years of global experience as an Architect and Interior designer. In his previous roles at RSP India and more recently DP Architects, Singapore, Carlito’s notable projects included the New Singapore Parliament House and the Microsoft campus in Hyderabad, the biggest MS campus outside of the USA.
“I am delighted to have Akshay on board jointly running our India business with Jai. Our client base in India, both multinationals and Indian corporations, are seeking workplace strategies and innovative solutions to increase employee retention, engagement and productivity…With over 30 million square feet of Grade A office space being leased and occupied across India on an annual basis, the Indian real estate markets present a massive growth opportunity for us,” said Arsh Chaudhry, CEO Space Matrix International.
The Indian portfolio of Space Matrix has been growing at 25% with over 400 completed projects and 40 currently under progress. Several global accounts of Space Matrix, including LinkedIn, PayPal, Akamai technologies, Rolls Royce and the World Bank are also engaged with the Indian arm of the company.
Indian companies that Space Matrix has partnered with, include Axis Bank, DHFL, Piramal Realty, Hero Motorcorp etc.
Story Courtesy: http://economictimes.indiatimes.com/
Dated : November 8, 2016
Piramal Realty appoints former DB Realty executive Mr. N.M. Gattu as CFO
Mumbai-based Piramal Realty, the real estate development arm of Ajay Piramal Group, has appointed Mr. N.M. Gattu as its first dedicated chief financial officer (CFO).
Founded in 2011, Piramal Realty is backed by private equity firm Warburg Pincus and investment bank Goldman Sachs Group Inc.
Mr. Gattu, who was the CFO of realty firm DB Realty for nearly six years, has joined Piramal Realty at a time when the company is looking at expanding in the residential and commercial office space segments.
Mr. Gattu and a Piramal Realty spokesperson confirmed the news.
Piramal Realty is led by Mr. Ajay Piramal’s son Mr. Anand Piramal, who is executive director of Piramal Group. Though Piramal Realty didn’t have a dedicated CFO before this, a senior executive in the group was internally managing the financials of the real estate business.
Currently, the company has residential, commercial office and mixed-use developments in Mumbai and suburban Thane.
On Wednesday evening, DB Realty said it has appointed Mr. A. Anil Kumar, former CFO of Bengaluru-based Puravankara Projects Ltd, to replace Mr. Gattu.
Source : http://www.livemint.com/Companies/yYkS8VRISF1Obrw9rejLyK/Piramal-Realty-appoints-former-DB-Realty-executive-NM-Gatt.html
Dated: September 16, 2016
Mr. Bharat Dhuppar appointed as CEO of Wadia group's realty arm
Real estate is the second biggest revenue segment for Bombay Dyeing, the group's flagship company
After a year’s gap, Nusli Wadia-led Wadia Group has got a new chief executive officer (CEO) for its real estate company, Bombay Realty. It has appointed Bharat Dhuppar, CEO of Sheth Creators, a Mumbai-based real estate company, to head Bombay Realty. Dhuppar has also worked as chief marketing officer at Omkar Realtors, a Mumbai-based developer.
Jeh Wadia, the younger son of Nusli Wadia and the managing director of the group’s flagship Bombay Dyeing, is in charge of the group’s realty business.
“Jeh Wadia has done a lot of streamlining in the business in the past couple of years. Now, he wants to delegate the operations to a professional,” said a source in the group, adding the company was looking to launch a few more projects in Mumbai in the coming months. An email sent to Jeh Wadia did not elicit any response.
Bombay Dyeing started focusing on real estate five years ago, developing huge projects in in central Mumbai. After the group’s aviation company GoAir was set up in 2005, Jeh Wadia was made in charge of property business in 2010 but Chairman Nusli Wadia was also actively involved in the business. Bombay Realty is currently developing two large projects - a 29-acre luxury residential project called Island City Center in Dadar area and a 25-acre mixed use project Wadia International Centre, which has head offices of Bombay Dyeing and Axis Bank. Bombay Realty is also looking to develop a five-star hotel, a hospital, and a luxury shopping destination under the name The Plaza. Real estate is the second biggest revenue segment for Bombay Dyeing, the group’s flagship company, and the most profitable compared to the other two divisions.
The real estate vertical posted a profit of Rs 277.2 crore on total revenues of Rs 470.2 crore in FY16. Bombay Dyeing had invested Rs 2,957 crore in the real estate business in FY16.
Dated : September 12, 2016
Housing.com Appoints Former Google & Amazon Exec Vivek Jain as Chief Product & Technology Officer
Housing.com, India’s most innovative and trusted real estate platformrecently announced the appointment of Vivek Jain as Chief Product & Technology Officer. As part of his role, he will focus on strengthening the product and engineering aspects of the business to help steer Housing.com towards its goal of becoming a full-service transaction player.
Vivek is an industry veteran with over 14 years of experience in the technology and digital domains in India and the US. He started his career as an early member of Texas-based start-up Ashley Laurent. Within 3 months, he was promoted to be the Deputy Director/India Country Head and the company was later acquired by Cisco.Following this, he joined Motorola Mobility, a division of Google where he managed relationships with carriers in several developed and emerging markets to drive the product through conceptualization, definition, testing, optimization, certification and successful phases.
At Amazon Vivek was the Bandwidth9 Product / Business Head for the cloud division (Amazon Web Services) where he helped define the value proposition, differentiation strategy, pricing and feature roadmap to create a sustainable competitive advantage for the company. While in the US, Vivek was also associated with the US Department of Commerce where he reviewed business plans at Broadband Technology Opportunities Program (BTOP) to help assist President Obama and the Federal Government deliver on the promise of economic recovery (ARRA) through the $7.2 Billion Recovery Act's BTOP & Broadband Initiatives.
Vivek returned to India in 2014 to join Jio (subsidiary of Reliance Industries Limited) as Vice President where he was part of Chairman’s leadership team and was charged with building the company’s Digital Media business and the core leadership team. He has played a pivotal role in increasing the strength of the business unit from a handful of employees to on-boarding 200+. Following that and prior to joining Housing.com, he was the CEO of CA Media Digital (owned by The Chernin Group and private equity firm KKR) where his focus was to grow the company’s digital service portfolio and various consumer facing businesses in New Media.
Commenting on the appointment, Jason Kothari, Chief Executive Officer, Housing.com said, “Our goal is to become the most trusted and the leading end-to-end real estate transaction platform in the country, and robust product and technology innovation will be important for us to achieve that. Vivek comes with best-in-class product and technology leadership experience, global exposure and an entrepreneurial mind-set, which is a unique mix, and one that blends seamlessly with the thinking and culture at Housing.com. I believe Vivek's addition to our senior team will greatly benefit us in realizing our vision for the Company.”
“As technology continues to play an increasingly important role in our day-to-day lives, Housing.com has managed to bring the benefits of technology to the real-estate segment through path-breaking product innovations. As the company gears-up for the next phase of growth and transformation, product and engineering will define the contours of success, and with an immensely talented team, I believe Housing.com is well-poised to fulfil the potential.” said Vivek Jain, Chief Product & Technology Officer, Housing.com.
Dated : August 26, 2106
Lodha Group appoints new Chief marketing officer
Lodha Group announced that Viral Oza has taken over as its Chief Marketing Officer (CMO). Viral Oza joins Lodha from Bennett Coleman & Company (Times of India group) where he was working as Director of Marketing. Prior to this, he was at Nokia (/Microsoft) serving as Marketing Director. Oza has spent 17 years with Unilever in India, Philippines and the UAE.
Dated : August 17, 2016
CBRE elevates Anshuman Magazine as head of India, Southeast Asia
Real estate services company CBRE Group has elevated Anshuman Magazine as chairman, India and Southeast Asia, the company said in a statement. He has so far been associated with the firm as chairman and managing director, South Asia.
Magazine is a part of CBRE’s Asia Pacific Strategic Group for over 15 years.
Dated : August 1, 2016
Kolte-Patil Developers promotes Gopal Sarda as group president
Kolte-Patil Developers Ltd has promoted Gopal Sarda as group president and chief executive officer for Mumbai, six months after Sujay Kalele quit as the company’s CEO.
Sarda will be responsible for business development, sales and marketing, corporate finance and investor relations, the Pune-based company said in a stock-exchange filing.
Sarda, a chartered accountant, was previously the company’s head of Mumbai operations. He joined the company in 2010 as senior manager of corporate finance and strategy at the Mumbai-listed developer.
According to a person familiar with the development, Sarda will handle a couple of more divisions besides Mumbai under the new role. "The company is going through a restructuring to carve out a role for him and clearly define the divisions that will directly fall under him,” the person said.
Dated : August 1, 2016
Mr. Anshul Jain to replace Dutt at Cushman & Wakefield India
Anshul Jain, former chief executive of DTZ, will replace Sanjay Dutt as managing director for India at Cushman & Wakefield, a global property consultant.
Dutt quit recently and is expected to join a real estate developer in a senior position, sources said.
He will be in charge of leading the India business and will work closely with India’s leadership team in leveraging its existing successful platform and building on the continued growth momentum of Cushman & Wakefield’s business across the region, it said. Jain will be based in National Capital Region (NCR).
“I am extremely pleased that Anshul will be joining us to lead our business through the next phase of growth for India, and accelerate the great work already underway across all our service lines. He is well known across our client base in Asia Pacific and the UK, as the former Head of DTZ India, and Associate Partner for International Investments for Cushman & Wakefield in London,” said Roberts.
Dated : August 1, 2016
Hiranandani appoints CEO for independent venture
Niranjan Hiranandani, co-founder and managing director of Mumbai-based Hiranandani Group, has appointed Jackbastian Nazareth as chief executive of his independent enterprise, Hiranandani Communities.
Hiranandani Communities will develop large residential projects, offices, resorts and industrial townships across different cities. Nazareth, former chief development officer at Bengaluru-based realty firm Puravankara Projects Ltd, will be based out of Mumbai and manage various projects that will take off under the Hiranandani Communities brand.
With Hiranandani Communities, there are now three independent business lines run by brothers Niranjan and Surendra Hiranandani, the latter also is the co-founder and managing director of Hiranandani Group. Niranjan will run Hiranandani Communities on his own with his team.“With the kind of volume and scale we are looking at, it would be physically impossible for me to manage this, and we needed to bring in someone at the CEO level,” Hiranandani said.
Source: http://www.vccircle.com, www.business-standard.com, www.livemint.com
Dated : August 1, 2016
We will send you breaking news right
to your inbox
Read our latest news on any of these