Aerocity all set to become next CBD of Delhi

Conceptualised as part of the airport modernization drive, Aerocity in South Delhi is now operational for business. Tipped to be the next Central Business District (CBD) of New Delhi, Aerocity allures the most sophisticated and discerning clients from across the globe.

Located at the doorsteps of T3 of Delhi's International Airport, Aerocity is home to city's first LEED platinum rated mixed-use development building - Worldmark, which offers approximately 15 million sq. ft. of office and retail space. Worldmark is expected to house a number of top-class retail brands and corporates from around the world.

Worldmark, located in the heart of Aerocity, positioned as the new global address offers many advantages such as excellent multi modal connectivity, unmatched neighbourhood consisting of 14 top of the line hotels, energy efficient operations among many others.

This commercial area in South Delhi houses top of the line 14 luxury hotels, including Ibis, Holiday Inn, Hyatt, and J W Marriott among others that offer more than 5,000 hotel rooms for business travellers, tourists, and natives. The best part of staying or doing business in Aerocity is that you get quality accommodation, food, drinks, and professional business environment just at the footsteps of the airport, while being in midst of Delhi's most premium address - South Delhi.

Nakul Mathur, Director of Operations at Avanta Business Centre, said, "Aerocity is expected to draw in a large number of corporate clients presently operating out of Central, South Delhi, and Gurgaon. It's an emerging business district, which has all the potential to be the next Connaught Place of New Delhi."

Avanta is one of the fast rising serviced office space providers in India, featuring top-class office facilities, conference venues and virtual office solutions in Delhi/NCR.

Salarpuria Sattva Sets Footprint in Coimbatore with Navaratna Residency

Salarpuria Sattva, a leading builder in South India, has launched its latest project, Navaratna Residency- the first and biggest global lifestyle community format housing in Coimbatore.

Having all modern amenities right in the heart of the city at the Lakshmi Mills Circle, Navaratna Residency is the first largest gated community in CBD of Coimbatore which has elaborately planned indoor and outdoor amenities catering to the needs of all age groups with special provisions for senior citizens and physically challenged.

The strategic location of Navaratna makes it the most sought after project in the city, as it is one of the main gateways into the city by road. Avinashi Road is also home for the main education institutions, major speciality hospitals, several corporate offices and IT parks. It also houses popular shopping malls and luxury hotels thus making it the happening area in Coimbatore.

 Commenting on the launch of the project, Bijay Agarwal, the Managing Director at Salarpuria Sattva Group said, “We continue to carry out our promise of providing not just beautiful homes, with state of the art facilities and amenities but also ones that ensure safety of the occupants as well as are green and nature friendly. We are hoping that Navaratna Residency in Coimbatore will receive the same kind of response that we have received from our customers in other cities.”

 Salarpuria Navaratna aims at bringing luxury living into Coimbatore, with plush Club- house facilities which include Meeting Rooms, elegantly finished Banquet Hall, double-height fine dining areas and lounge, sprawling outdoor lawn, AV Room (Home Theatre), Gymnasium, Swimming Pool, Spa, Steam / Sauna / Hot Tub, Salon & Facial Room, Treatment & Consulting Room, Yoga Studio, Snooker & Billiards, Cards Room and Library.

 This project comprises over 500 units, in a combination of 2BHK (1240-1340 sq.ft), 3BHK (1640-1980 sq.ft) apartments, duplex and pent house spread across 8 towers.

Navaratna has been designed such that it is a children-friendly project, with several attractions for them.  In fact the property has something to offer for every age group like a centralized linear park for outings and picnics for families; multi-purpose outdoor sports arena and others which includes: Landscaped garden,  Tennis courts,  Senior Citizen Court, Activity court (within children's Play zone, wall climbing),  Children's play area,  Skating Ring, Basket Ball court, Trellis Path, Jogging track,  Badminton court, Volleyball court, Seating Plaza, Theme Garden and Cascading water feature.

About Salarpuria Sattva

 Founded in 1986, the Salarpuria Sattva Group has grown into one of the most trusted builders in the country today. It has a formidable presence in Bangalore, where it is headquartered,  it is a well-known name in Kolkata, Pune, Jaipur, Vizag, Hyderabad and Chennai. The Group has plans to venture into more cities in the near future. With 15 million sq.ft spaces completed, 15 million sq.ft under construction and 30 million more in stages of development and planning, the Group is one of the premium builders of India today. 

The Group’s unwavering adherence to quality has given it the “trusted” tag among builders in the country. CRISIL- a global analytical company providing Ratings, Research and Risk & Policy Advisory services has given an “A Stable” rating to the Salarpuria Sattva Brand. The brand has been awarded with prestigious awards like the NDTV Property Award, CNBC -AWAZ -CRISIL- CREDAI Real Estate Awards.  

It has also received the Green Rating for Integrated Habitat Assessment - GRIHA Pre-Certification from the Association for Development and Research of Sustainable Habitats (ADaRSH). Salarpuria Sattva is amongst the first few builders in the country to receive the GRIHA and Pre-Certification from the ADaRSH.

Smart Cities India 2015: Expo Lays Foundation for Making Indian Cities Smarter

New Delhi: The three-day Smart Cities India 2015 expo, which was organized here supporting the view of the Prime Minister to make Indian cities world class with a sustainable ecosystem, laid the foundation for making Indian cities smarter.

The three-day expo, which concluded on May 22, received considerable support from ministries, public and private companies in India and across the globe. The speakers from all major countries participated and shared their expertise on the colossal goal. The conferences held in the expo, discussed varied topics including usage of green architectures, smart power distribution, the inevitable role of ICT, and successful case studies from across the globe, a press release stated.

The inaugural ceremony witnessed key note speakers sharing their vision on Smart Cities. The welcome address included industry leaders such as Dinesh Malkani, President, CISCO, India; BVR Mohan Reddy, Chairman, NASSCOM and Executive Chairman, Cyient, India; along with. Rakesh Kaul, Partner-Government and Public services, PwC, India.

Guest of Honor for the event Harald Sandberg, Ambassador of Sweden, said, “It is commendable that India is committed to develop in a smarter and a sustainable way. Public-private partnership is the way forward for this initiative. Sweden has gained relevant experience through overcoming water and pollution related challenges and thereby transforming Sweden to an eco-friendly country. The ambitious smart cities project in India demands small steps to be taken by every citizen to make it a sprawling success.”

Minister of Urban Development and Housing and Urban Poverty Alleviation, Babul Supriyo visited during the 2nd day of the Smart Cities India 2015 expo and interacted with exhibitors.

Other ministers who graced the occasion included Yashodhara Raje Scindia the Minister for Commerce, and Chairman Industries and Employment, Madhya Pradesh; Chandrakant Khaire, Member of Parliament, Aurangabad, National Executive Member Bharatiya Janata Party and Udit Raj, Member of Parliament, North-west Delhi constituency and National Chairman, All India Confederation of SC/ST Organizations; and Amitabh Kant, Secretary Department of Industrial Policy and Promotion, Government of India.

Lead speaker for the session on “Smart grids in India - stability, security and network reliability” Sujay K. Saha, The head of group -smart grid, Tata Power Delhi Distribution Co. Ltd, India shared, “The power requirement in India today stands at 2,60,000 megawatts and the demand is expected to double in the coming decade. To curb this energy crisis, Smart cities will have to adopt a smart distribution network to avoid power thefts and increase efficiency for the end consumer.”

Over 200 domestic and international participants showcased their products and services to buyers, industry representatives, center, state and local body officials with industry representatives, town and city planners, architects, realtors, academia, students and media. 

Exhibiting companies included Hewlett-Packard, Wipro, CISCO, Schneider Electric, Lavasa, Barco, Berger Paints India, Basildon Borough Council, L&T Construction, Zippr Pvt Ltd, Volvo, Skipper Ltd, Neo Zeo, Royal Appliances, Newgen Group etc.

The last day of the exhibition witnessed sessions on smart cities focusing on urban planning; smart grids discussing stability, security and network reliability along with smart and green solutions from Poland.

On the successful completion of the expo, Prem Behl, Chairman Exhibition India Group said “Smart Cities India 2015 expo is an attempt to provide a platform where business relationships can be fostered and knowledge transfer undertakes with a single vision of creating smart and better cities in India. I thank the ministries, delegates, speakers, exhibitors and visitors for making the very first expo a sprawling success.”

Homz N Space offers real time property consultation for home seekers

Bangalore-based start-up, Homz N Space has become India’s first online platform to provide home seekers with real time counseling, information and unbiased views on homes in India.

Founded by two industry experts, Harish Achar Brahmavar and Raghu Valekar who did their MBA in Bangalore and has served multiple real estate industries, Homz N Space acts as a virtual consultant by offering buyers with comprehensive information about potential homes while providing insightful counsel on the pros and cons of property purchase free of cost.

Homz N Space Founders, (L to R) Harish AcharBrahmavar and Raghu Valekar

While there are multiple online review based portals in India there is none that gives real time advice or counseling to buyers while guiding them through the entire journey; from identifying the property, to studying the pros and cons and to finally making the purchase decision. This format was prompted by their firsthand experience of hearing constant complaints from home buyers on how they are forced to buy properties which do not suit them and how property advertisements can often be misleading, a release stated.

“Homz N Space bridges this gap by placing the ‘customer’ at the heart of its service. We are trying to bring in the best of International practices to break away from the conventional model of ‘Brokerage’ and bring state-of-the-art technology to provide customers with real time counseling and advice free of cost.  We have been constantly upgrading our technology to ensure that through our platform home seekers are able to buy their dream home, without having to go through the usual rigmarole or hassles associated with property purchase,” said Harish, founder, Homz N Space.

The new and upgraded features on the platform provide options for customers to schedule their meetings with the team at Homz N Space at their own convenience.

“A customer can discuss with our team in detail about various real estate options available in the industry without having the burden of biased information or forced sales. Furthermore this technology has in fact become very popular among NRIs looking at buying residential properties in Bangalore,” said Raghu Valekar, Co-founder, Homz N Space.

The platform already has over 580 subscribers and over 7,000 customer queries have been answered so far. The projects listed on the portal have received nearly 17.9 lacs views, which have resulted in over 300 closed transactions through Homz N Space, worth over Rs 200 crore.

 

 

About Homz N Space

Homz N Space is India’s first online, review-based, Real Estate advisory platform. It has partnered with the top 30 builders in Bengaluru, providing them an opportunity to market their projects on the website. On the other hand, consumers benefit from an open and transparent forum where they can discuss Real Estate projects, share information and clarify any queries. Homz N Space acts as a virtual consultant by eliminating any ambiguity in the minds of the consumers by offering them lucid and helpful advice while making property purchase decisions.

Headquartered in Bengaluru, the company was incepted in July 2011. The inspiration to come up with a unique model such as this was to help consumers navigate the world of Real Estate. It also aims to enhance the trust factor between the buyer and the broker.  The ultimate goal of Homz N Space is to cater to every customers need by educating them about the industry in a transparent and unbiased manner.

Nitesh Estates enters Pune Realty space, acquires Shopping Mall for Rs 250 crores

Pune: With the acquisition of 1 million sq. ft Koregaon Park Plaza Centre for Rs 250 crore, Nitesh Estates, a Bangalore-based premium property developer, has announced its entry into Pune real estate market.

With this acquisition Nitesh Estates shopping mall portfolio is now 2.2 million sq. ft. They are currently developing 1.2 million sq. ft. shopping mall in the upmarket locale of Indiranagar in Bangalore.

An A grade shopping mall spread over 6 acres in prime upscale locale of Koregaon in Pune, Koregaon Park shopping mall can accommodate 130 retail stores, an extensive food court and can house around 1000 cars in the parking space. The mall already has a PVR cinema with 7 screens and Spar supermarket along with brands like Tommy Hilfiger, Collective, M.A.C, Calvin Klein, U.S. Polo Assn., Swarovski and Crossword.

 Ashwini Kumar, Executive Director & COO, Nitesh Estates said, “Over the years, Pune has emerged as an important real estate market. We are delighted to acquire this top quality asset and build our shopping portfolio. Koregaon Park shopping mall is undergoing a refurbishment and will soon sport a new food court in addition to fine dining restaurants. The changes will take place while the mall remains operational. Nitesh Estates plans to bring their legacy of design driven and cutting edge facades fashioned by one of the best architects for the mall makeover.”

About Nitesh Estates Limited

Founded by entrepreneur Nitesh Shetty in the year 2004, Nitesh Estates is a leading integrated property development company headquartered in Bengaluru. The company provides world-class products and services and has presence across four asset classes, Homes, Hotels, Office Buildings, and Retail Spaces.

Since inception, Nitesh Estates has created a niche for itself by pioneering some of the finest real estate projects in the cities of Bangalore, Chennai, Goa and Kochi. Nitesh Estates currently has 20 mn. sq. ft. under development. Superior quality, attention to detail and perfection are the standards that every Nitesh project exudes.

 Nitesh Estates own India’s first Ritz Carlton Hotel, a 277 rooms luxury five star hotel in downtown Bangalore, a company release said.

NAREDCO wants single window system and FDI to revive realty sector

Sunil Mantri, Chairman of leading real estate firm Mantri Realty and also president of NAREDCO wants the government should speedily implement single window clearance system and bring in more FDI to Indian realty sector for its urgent revival.

Other than that the government should rapidly implement National Housing Policy and adequately fund urban development which will give a great thrust to the property market in the country, a company spokesman quoting Mantri, said.

Indian economy expects fundamental changes in the coming years in view of a stable government. Certainly, the property sector is a major stakeholder in taking the growth phenomenally high, he said. 

As the current urbanization level reaches around 30 per cent, a long road needs to be covered to reach the expected benchmark of 50 percent. With a cooperation of government, financial institutions and realty sector the goal seems to be achievable, the statement further stated.

Being one of the leading Real Estate Developers in Mumbai, the company is involved in various humanitarian and social activities. The team steers various projects of social welfare with a deep empathy and sympathy towards underprivileged people. 

Parliamentary Committee seeks public suggestions on Land Acquisition Bill

New Delhi: The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Second Amendment Bill, 2015) pending in the Lok Sabha has been referred to a Joint Parliamentary Committee of both the Houses under the Chairmanship of S.S.Ahluwalia. The commit will examine the Bill and present a report to the Parliament, a PIB communique said.

The government has decided to seek the views and suggestions from various public bodies, organizations, associations, individuals and other stakeholders after it faced tough resistance in both the house of Parliament for the smooth passing of the bill.

The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 and the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement (Second Amendment Bill, 2015) have been uploaded on the Lok Sabha Website (http://164.100.47.134/committee/other commiittees.aspx), the release said.

All those desirous of submitting their views/suggestions to the Committee may send two copies of their written Memoranda/suggestions either in English or Hindi on the subject to Joint Secretary(RS), Lok Sabha Secretariat, Room No. 328, Third Floor, Parliament House Annexe, New Delhi-110001 or Fax at 23018865 or e-mail them at jc.landbill@sansad.nic.in by June 8, 2015.

The Memoranda submitted to the Committee would form part of the records of the Committee and would be treated as Confidential and would enjoy privilege of the Committee. Those who wish to appear before the Committee, besides submitting Memoranda, are also requested to specifically indicate so. However, the Committee’s decision in this regard shall be final, the communique further stated.

JLL India Gets Ashwinder Raj Singh as New CEO of Residential Services

Gurgaon: JLL India, the leading international property consultancy, has appointed Ashwinder Raj Singh as the new head of its Residential Services business. 

As CEO - Residential Services, Ashwinder Singh will take charge of JLL India’s residential sales and leasing business across the country and simultaneously take up a position within the Firm's India Leadership Council, a JLL India release said.

A seasoned market veteran with 18 years of hands-on experience in the real estate and financial services domain, Ashwinder Singh's forte lies in leading large sales, marketing and product teams, and particularly in meeting targets amid challenging market conditions.

 

Importantly, as erstwhile EVP & Country Head - Sales & Distribution at IndiaHomes.com, Ashwinder brings to the table a deep expertise in in the areas of online technology and digital marketing. These are vital focus areas for JLL India's residential services division, and of critical importance to the Firm's forward-looking vision for this predominantly B2C business.

 

Prior to entering real estate, Ashwinder held senior positions in leading global institutions like Citibank, Deutsche Bank, ICICI Bank and Fullerton Securities.

 

Anuj Puri, Chairman & Country Head, JLL India said, "Over the past few years, JLL's residential business has been a remarkable success story, and we firmly believe in the unfettered potential that this segment offers. Given his expertise within the real estate industry and particularly in the digital marketing domain, Ashwinder will play a key role in boosting our success in this business to the next level."

 

The residential market in India is almost 85% of the total real estate market. With the green shoots of revival after a prolonged slowdown now very visible, the residential space will touch the $8 BN mark by 2020. This will be backed by easy loan affordability, the fact that 65% of the Indian population are looking to buy their first homes, and a neo urban rich segment of 30 million in the income bracket of above Rs. 10 lakh p.a. within this period.

 

Ashwinder Singh on his new role, said: "I am honoured and excited to take charge of the residential services business of India's largest and leading international property consulting firm. JLL India has a clear and detailed road map for expansion of this business. My immediate focus area will include providing customers an open architecture platform where they can chose the best homes on the basis of their requirements and our exhaustive due diligence standards. We are also expanding the operational base, and will now cater to residential consumers across all the major cities across length and breadth of India as well as abroad."

Concrete Show India 2015 set to Bridge gap in fast-growing concrete market

Mumbai: A three-day Concrete Show India 2015 will begin on May 7 at Bombay Exhibition Centre, Mumbai.

Orgnaised by UBM India and co-located with “Bridges India”, the 3rd edition of the show will cater to the entire concrete industry covering key sectors like roads and highways, housing, airports, ports, power, rail, dams and bridges.

Concrete Show India 2015 will showcase the latest offerings and technologies in machinery, equipment, commercial concrete products, services and systems from industry suppliers. The show will provide opportunities to architects and engineers, commercial & resident developers and contractors, distributors, government authorities and state corporations to interact and network with exhibitors from across the industry.

Over 150 exhibitors including industries players like Godrej Construction, TATA steel, Hyundai Aluminum, Reliance Industries, Hess, Toyota Forms, JSW Cement amongst others with showcase their business in the show which will also see the participation from countries such as China, Germany, Greece, India, Italy, Korea, Taiwan, Netherland, Malaysia and USA.

The expo has been well received by the industry at large with support from the India Chapter of American Concrete Institute, Indian Institute of Bridge Engineers, American Concrete Institute- India Chapter, Ready Mixed Concrete Manufacturers' Association (RMCMA), The Institution of Engineers, according to a release.

The co-located Bridges India 2015 show aims to bring together key project stakeholders with the objective of bridging the gaps in project execution, efficiency, and sustainability in the construction of bridges while addressing various daunting engineering challenges.

Yogesh Mudras, Acting Managing Director, UBM India said, "India's need for infrastructure development is well supported by the Union Government's big push for the sector. From roadways, railways to airports and other smart-city initiatives, the last few years have witnessed a phenomenal growth in the sector, leading to world-class facilities coming up across the country. Furthermore, with India being the fourth largest and probably the second-fastest growing economy, and infrastructure being one of the cornerstones, the Indian construction industry value is estimated to be more than $126 billion. Against this landscape, we believe that the Concrete Show India 2015 along with the new addition of Bridges India 2015 will prove to be a catalyst to the opportunities existing in India's rapidly growing concrete market."

The event is also marked by the two-day conference to discuss and deliberate on industry topics. The Concrete Show conference on day one will cover topics such as: Concrete High Rises - Future trends, Infrastructure Projects in Metropolitan Cities, Latest Technologies, Solutions for Concrete Road Design and Construction, How to Improve and Maintain the Quality of Concrete, Sustainability as Central to Concrete Construction, Role of Advance Concrete amongst others.

The Bridges India conference on day two will cover topics such as: Designing World-class Bridges to Transform the Region's Landscape and Development Ambitions, Understanding and Overcoming the Challenges of Delivering Mega-infrastructure Projects, Learning from Advanced Techniques and Methodologies in Bridge Design and Construction amongst others.

About UBM India

UBM India is India's leading exhibition organizer that provides the industry with platforms that bring together buyers and sellers from around the world, through a portfolio of exhibitions, content led conferences & seminars. UBM India hosts over 25 large scale exhibitions and 40 conferences across the country every year; thereby enabling trade across multiple industry verticals. 

A UBM Asia Company, UBM India has offices across Mumbai, New Delhi, Bangalore and Chennai. UBM Asia is owned by UBM plc which is listed on the London Stock Exchange. UBM Asia is the leading exhibition organizer in Asia and the biggest commercial organizer in mainland China, India and Malaysia.

RMZ Homes Pre-Launches Premium Residences RMZ Marq in Bangalore

Bangalore: RMZ Homes, one of the leading South Asian real estate development firms, has unveiled RMZ Marq, a new residential project near Iblur Junction on Outer Ring Road (ORR) of Bangalore.

RMZ Marq 

Blending workplace proximity with lifestyle facilities, RMZ Marq is being made bordering the beautiful Iblur Lake with 185 exquisite homes in 2 and 3 BHK denominations. The size of the apartments will be ranging from 1690 sq ft to 2222 sq ft and surrounded with lush green space and natural lake in proximity, a release claimed.

RMZ homes has already made RMZ Ecospace and RMZ Ecoworld for corporate clients in the vicinity.

The ORR has become a self-sufficient arterial region with quality housing, international schools, hospitals, entertainment, shopping facilities and enjoys its close proximity to established IT companies, five-star hospitality, and up-market residential hubs.

The Signature Amenities to be made available at RMZ Marq include - Club Verve, the Sky Lounge and In-house Concierge Desk, to name a few offering a complete life space  for immediate and growing needs of a modern family, the release said.

RMZ Corp is one of the most successful South Asian real estate development firms, with an unmatched portfolio in India. The organization has acquired and developed over 20 mn sft. of properties. Its prestigious and prolific portfolio includes over $ 3 billion in real estate assets. 

RMZ Latitude bags CNBC Awaaz Real Estate 2014 award

Vijay Khetan Group Eyes Distressed Land Assets in Mumbai, Bengaluru and Hyderabad

Vijay Khetan Group is currently talking to institutional investors and sovereign funds to raise INR 1,500 crore towards forming Special Purpose Vehicles (SPVs) to acquire financially distressed real estate assets.

The group has identified at least 20 financially distressed companies in Mumbai, Bengaluru and Hyderabad, which the company intends to buy to unlock the land asset potential. The partners of the SPVs will come in as an equity player, the company said in a release.

Speaking on the occasion of the announcement, Vijay Khetan, Chairman & MD, of the group, said, "We have over three decades of experience in the construction and finance business. Our expertise is in buying distressed assets and turning them around to

profitable real estate ventures. We intend to form separate companies where the funder will come in as an equity partner."

Vijay Khetan promoted 'Vijay Khetan Group' has diversified interests in the real estate business comprising of residential, business centres, commercial, infrastructure and hospitality. The company currently has an asset bank of over INR 2,500 crore in Mumbai.

Vijay Kehtan has been a specialist in acquiring distressed land assets. The group has acquired Borosil Company in 2002, Scientific Instruments Ltd (2004), Bharat coal-tar Pvt.Ltd. (2006), Pure Drink (makers of Campa-Cola) (2007), Shakti Mills Ltd. (2007) and Calico

Mills  ( 2008).

The group's ongoing projects include construction of a one million sq.ft residential project in Andheri, Mumbai and half-a-million sq.ft ultra-luxury residential project in Worli, Mumbai. The group has also bagged a 5 million sq.ft redevelopment project in

Bandra-Kurla Complex, Mumbai. 

The group is developing a smart city project of 250 acres in Igatpuri, Nasik, which will be ready by the latter half of 2016. The group is building a 200-key luxury hotel near the international airport in Mumbai.

Anuj Khetan, Director, VKG added, "This is the right time to acquire distressed land assets. The group has a multi-million cash reserve and is not keen on leverage."

RealFoundations appoints Pratik Desai to spearhead service delivery

CHENNAI: Real Foundations (RF), a professional services firm focused on the real estate industry, has appointed Pratik Desai as its Director to lead service delivery across all Managed Services teams in the firm's Chennai office. The Managed Services group delivers accounting, data, energy, lease and technology services to RealFoundations' global clients.

Prior to joining RealFoundations, Pratik worked at Franklin Templeton International Services in Fund and Portfolio Accounting where he managed a team that performed NAV analysis. He was also instrumental in setting up Financial Management Services teams at RR Donnelley serving Fortune 500 clients, and has experience managing large scale operations involving over 200+ full-time employees.

Pratik will provide operational leadership and support to the Chennai service delivery teams and ensure continued quality of client work. With over 14 years of experience in accounting and financial services, Pratik brings a combination of strategic and operational expertise to RealFoundations.

"The knowledge and experience that Pratik brings to our growing Chennai-based team is consistent with the talent we aim to attract and develop into high performance teams," said Peter Iras, Director of RF's Global Operations.

Pratik holds a master's degree in Finance & Supply Chain from PSG College of Technology, Coimbatore and a Bachelor's degree in commerce from Sydenham College of Commerce and Economics, Mumbai, a release said.

About RealFoundations

RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 300+ client-serving professionals and offshore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations.