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Contribute to land acquisition strategy of the Group and lead the identification and acquisition of clear title lands in south India with primary focus on Bangalore, Chennai, Hyderabad and Kerala for RE development business.
Job Responsibility:
Develop a sound understanding & keep abreast of the regional / national markets and industry trends
Provide inputs to the Top Management on the land acquisition strategy & feasibility of land use (Sale / Joint Development / Lease etc)
Build and maintain close networks within the developer and investor community with Property Consultants, Lawyers, Architects, Government Authorities, Builders, Agents, Landlords etc.
Keep track of developments and trends impacting Group’s interests and advise management on growth prospects
Monitor the business environment, identify investment opportunities and provide functional guidance to ensure standardization of Business Development practices across the Organization
Identify land banks across focus markets and evaluate their feasibility for acquisition/JD
Build a business case with development potential and recommend to management
Liaise and coordinate with other stakeholders to gain a thorough understanding of development potential on the target land along with financial feasibility aspects
Build relationships with Property Consultants / Agents to acquire business leads and secure sufficient lead time to make acquisition decisions
Work closely with the Legal Department to ensure comprehensive due diligence and vetting of land documents / MOUs and addressing litigation issues with Landowners
Work closely with the Liaison Department for obtaining approvals, clearances and licenses from the Government and Regulatory Authorities
Conduct property inspections to identify areas of ambiguity and issues based on existing checklists
Review and update the checklist based on industry trends and best practices
Provide periodic updates & reports on the deal pipeline to the Management
Negotiate rates and payment terms with landowners
Drive maximization of returns within the given outlay for land acquisition
Develop the Department budget & targets and ensure adherence to the same
Actively participate in recruitment & development of the team
Conduct team reviews and developmental plans and emphasize succession planning
Encourage innovation and foster the environment of learning
Requirements:
Knowledge of Real Estate Industry & land related by-laws
Knowledge of regulatory framework & approval process
Financial acumen with knowledge of Tools and related software
Good understanding of financial structuring & modelling aspects
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