Leadership: We Communicate Your Thoughts
Leadership: We Communicate Your Thoughts
Harrish Kumar Jain , Managing Director, H. Rishabraj Builders & Developers
It’s no secret that Mumbai is home to a cut-throat real estate market. Having had his baptism of fire in the city’s highly competitive market, Harrishkumar Jain, the Managing Director of H. Rishabraj Builders & Developers, has emerged as one of the most inspiring real estate entrepreneurs in Mumbai. Thanks to his passion for realizing homeowners’ dreams and the legacy of H.Rishabraj Group, founded by his father Ratanchandji Jain, a distinguished Businessman and a well-known philanthropist. Harrish commenced his entrepreneurial journey even before graduating from college in the textile business. After a short stint, the great potential in the redevelopment of societies attracted him to the real estate industry. A constant leader guided by family values of commitment and dedication, he has managed to deliver over 30 projects successfully to the company’s existing and new customers in a short span of a decade. CEO Insights engages in an exclusive interview with this exceptional leader.
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Top 10 Real Estate Leaders in Mumbai - 2022
Real estate sector is one of the most globally recognized sectors. In India, the real estate sector is the second highest employment generator. It is also expected that this sector will incur more non-resident Indian (NRI) investment, both in the short term and the long term. The sectors such as retail, hospitality, and commercial real estate are also booming which is creating an infrastructure need in India. The construction industry ranks third among the 14 major sectors in terms of direct, indirect and induced effects in all sectors of the economy.
The Economic Times Housing Finance Summit, per year 1,000 people gets three houses. The requisite construction rate per year of 1,000 people is however five houses, which estimates around 10 million units shortage in urban area housing. By 2030, an additional 25 million affordable units are needed by India's urban population. Mumbai's luxury real estate market has seen a drastic increase to Rs. 20,255 crore, the highest in 2021 in four years, and may already be on its way to setting a new record in 2022, according to a joint report by India Sotheby’s International Realty (SIR) and CRE Matrix. According to UBS, Mumbai is the country's most profitable property market with the megapolis contributing as much as 33 percent of margins Rs.22,500 crore of Rs. 69,100 crore; 23 percent or Rs. 75,000 crore of Rs. 3,24,200 crore in annual sales revenue; and around 10 percent or 38 million sqft of 393 million sqft of supply in 2021.
Mumbai's luxury housing market has performed exceedingly well during the last year. This is pretty much in line with the sales velocity for luxury homes we have witnessed across the globe, including global gateway cities like London, New York and Dubai. We believe this is just the beginning of a very positive and bullish residential real estate cycle”, said Ashwin Chadha, President of India Sotheby's International Realty.
So, when we look ahead into the next century, leaders will be those who will empower others. Therefore, today's real estate mavericks are masters of both the worlds. The leaders in the real estate industry are helping real estate to flourish in India. In this issue of the CEO Insights magazine, a list of ‘Top 10 Real Estate Leaders in Mumbai - 2022', created by a team of researchers, CEOs and VCs and the CEO Insights magazine editorial team, readers get to know the inspiring journey of the leaders and their contribution to the real estate sector.
Our subscribers play a decisive role in finalization of our annual list of "Top 10 Real Estate Leaders in Mumbai - 2022" by nominating those which have served them with excellence and are praiseworthy. If you feel there is a company that deserves to be on our annual list, do write to us about them mentioning their value proposition.
| Company Logo | Company Management | Company Name | Company Description |
|---|---|---|---|
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Ajay Ashar, Chairman & Managing Director | Ashar Group & President Elect MCHI | Having more than two decades in Real Estate industry, he believes that calculated risk-taking is an important key in the real estate business that has enabled him to yield extraordinary results in the long run |
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Anuj Puri, Group Chairman | ANAROCK Retail | He is known as an advisor to developers, occupiers, investors and government and renowned for his vision and technology-based solutions |
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Ar. Manoj T. Vishwakarma, Founder | Dotom Realty | An all rounder in real estate sector with business skills in financial closer, investment decision, branding and marketing strategy while being the lead architect |
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Bhanwarlal Chhajer, CMD | Mahaavir Universal Homes | The customer is an inspiration to him, and working for their comfort is his passion and desire. Being accurate in his decisions, strict in his management, uncompromising in his wants, clear in his directions, and loyal to his customers, and that’s what makes him such a great leader |
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Domnic Romell, Director | Romell Group | Intelligent yet humble are words that come to mind while describing him. A quick thinker, his key insights are one of the pillars on which the Romell Group success story was built upon |
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Harrishkumar Jain, Managing Director, H. Rishabraj Builders & Developers | H. Rishabraj Builders & Developers | A consistent leader guided by family values of commitment and dedication, he has managed to deliver over 30 projects successfully to the company’s existing and new customers in a short span of a decade |
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Karan Gulati, Director | Satyam Developers | A proficient real estate leader with 14+ years of professional experience in building luxurious homes and adding real value in a changing world |
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Rahul Pande, Founder | Justo Realfintech | He has been a cornerstone behind the success of the organization with his impeccable skills in marketing, technology and sales and distribution and has contributed to different real estate ventures with his advising |
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Vaibhav Desai, Director | Mangal Buildhome | Well known in closing deals for the company with exquisite skills in sales and marketing |
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Vivek Raman, Co-Founder | Regrob | Accomplished honors, awards and projects of various strata talks about the success of he who is highly skilled in team management, business development and project execution |
Other Issues
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