Real estate development may seem to be little more than laying down brick and mortar to develop a massive concrete structure. It may seem to be a business that anyone can and probably should enter, especially considering the massive unmet housing demand in the India.
The lifeline of Mumbai has always been the suburban train network with local trains supporting more than 7.5 million commuters daily. However, due to immense overcrowding in local trains, the highway in the upmarket western suburbs is a viable commuting alternative for office goers.
For decades well past Independence, India peacefully lived with the concept of perpetual leases inherited from the colonial era. Seven decades on, the newly born republic that saw many generations live and die beneath the same roof has emerged as an economic powerhouse on the move. But the Governments’ design for housing has perhaps failed to keep pace with changing times.
Ranbir Saran Das, Vice Chairman and Managing Director, Fairwood Consultants, has 43 years of project services delivery experience, of which 28 years has been in India, and the rest in 11 other countries. His experience covers over 500 projects of varying scale, domain, and discipline.
His biggest victory, he tells you, ´is being a people´s man´. This was evident as Vinayak Deshpande walked up the stage to receive his award with his team in the hall giving him a standing ovation, applauding and cheering with full energy. Deshpande has been instrumental in diversifying Tata Projects´ business in urban infrastructure into domains such as urban metro systems and high-rise buildings (read profile on page 174).
Hisao Tanaka, President and CEO, Toshiba Corporation, has been associated with the company for over 40 years. He recently announced a comprehensive strategy for expanding Toshiba's social infrastructure business in Asia