APREA India Board Members

Ramesh Nair

CEO and Country Head
JLL India

Ramesh Nair

CEO and Country Head
JLL India

Current Responsibilities
Ramesh is the CEO & Country Head of JLL India. He is responsible for the overall direction, strategy and growth of the Firm in India. Prior to taking over the role of CEO & Country Head in 2017, Ramesh held positions such as COO - India, MD - West India, India Head of Land, South India Markets Head, MD - Chennai, MD - Hyderabad and MD - Industrial. With estimated revenue for FY 2018-19 expected to be approx INR 4,000 crores, the Firm is growing from strength to strength in India for the past 2 decades.

JLL is also the market leader in terms of market share, revenues, profitability and team size for all the business lines in India. JLL India was rated as one of the Best Places to Work in India by the Great Place to Work® and The Economic Times in 2017 & 2018. JLL is a Fortune 500 company, creating value for owners, investors and users of real estate. Globally, JLL operates in 1,000 locations across 80 countries.

Experience
Having joined JLL in 1999, Ramesh has over 20 years of diversified and hands-on professional expertise in most facets of the real estate business. He has worked across diverse asset classes such as office, retail, land, residential, warehousing and industrial advising leading domestic and multinational owners, investors and occupiers in India. Throughout his career, Ramesh has helped his clients define and deliver successful real estate projects of the highest quality. Ramesh is a member of the Asia Pacific Board, the J8,  a group of JLL’s 8 largest countries in terms of profit and revenue globally. Ramesh also chairs the India Leadership Council of JLL India. He is also the Chairman of CII – Western Region Real Estate and Infrastructure Conclave. As one of the pioneers of professional real estate consulting services in India, Ramesh has been instrumental in introducing many new concepts into the Indian real estate sector. Ramesh has also served as a Non-executive Director on the Global RICS Regulatory Board for 3 years. He has written numerous thought leaership articles for some of India’s leading publications such as The Economic Times, The Times of India, The Hindu, The Indian Express and  many others.

Education and Affiliations

  • Global Advanced Management Programme from Kellogg Business School and ISB
  • MBA and BBA from the University of Madras 
  • Post Graduate Diploma in Marketing Management from LIBA
  • Fellow of the Royal Institution of Chartered Surveyors (FRICS)

Contact
T: +91 22 7149 5679
E: RN.office@ap.jll.com

Asheesh Mohta

Managing Director in the Real Estate group and the Head of Real Estate
India Acquisitions based in Mumbai.

Asheesh Mohta

Managing Director in the Real Estate group and the Head of Real Estate
India Acquisitions based in Mumbai.

Asheesh Mohta is a Managing Director in the Real Estate group and the Head of Real Estate India Acquisitions based in Mumbai. Since joining Blackstone in 2007, Mr. Mohta has been involved in analyzing real estate investments across the residential, commercial, and hospitality sectors. Before joining Blackstone, Mr. Mohta worked as Assistant Vice President with the real estate arm of The Chatterjee Group, one of the first private equity investors in India. He was responsible for the treasury and resource raising functions for the group across a pan-Indian portfolio of properties. Mr. Mohta received a Bachelor’s of Commerce (honours) degree from the University of Calcutta and an MBA from the Indian School of Business.

K.G. Krishnamurthy

Managing Director & CEO
HDFC Property Ventures Limited (HPVL).  

K.G. Krishnamurthy

Managing Director & CEO
HDFC Property Ventures Limited (HPVL).  

He has advised international and domestic real estate funds having an aggregate corpus of INR 71 billion. 

He has vast experience of over three decades in real estate and has been widely consulted by the industry on real estate matters. He has offered his services to the Asian Development Bank - to develop a housing package for Project Affected Persons under Karnataka Urban Infrastructure Project and to the USAID to build-up a mortgage market in Sri Lanka.

Besides his responsibilities within the HDFC Group, he is on the Board of several Companies including GRUH Finance Limited, HDFC Venture Capital Limited, HDFC Sales Private Limited, HDFC Investments Limited, Vascon Engineers Limited and New Consolidated Construction Co. Ltd. He is a member of Stakeholders Relationship Committee of GRUH.

Mr. Krishnamurthy is a graduate from IIT Kharagpur with a Management Degree from Jamnalal Bajaj Institute of Management, Mumbai.

Nitin Gupta

Managing Director and Head
India of MIRA Real Estate, Macquarie Group.

Nitin Gupta

Managing Director and Head
India of MIRA Real Estate, Macquarie Group.

Nitin Gupta is Managing Director and Head- India of MIRA Real Estate, Macquarie Group. Nitin has led several landmark transactions in India and has led creation of investment platforms with capital of > US$ 6 billion.

Nitin is a Chartered Accountant (Gold Medallist) and has over 26 years of investment banking experience.

Hari Krishna

Director - Real Estate Investments
India CPPIB INDIA ADVISORS PRIVATE LIMITED

Hari Krishna

Director - Real Estate Investments
India CPPIB INDIA ADVISORS PRIVATE LIMITED

Hari joined CPPIB in 2014 and is responsible for the India real estate programme. CPPIB has over a C$ 1 Bn committed to India real estate through JVs with Indospace, Phoenix Mills and Shapoorji Pallonji.

Prior to CPPIB, Hari worked for nearly 10 years with Kotak Bank’s real estate investment management business as a founding member. Kotak managed over US$ 1.2 B of assets raised though commingled funds and separate accounts from global SWFs,international LPs and domestic family offices.

He had also worked in the past with Jones Lang LaSalle and CB Richard Ellis in India. Hari holds a Masters in Finance from University of Delhi.

Neel C. Raheja

Group President
K.Raheja Corp

Neel C. Raheja

Group President
K.Raheja Corp

An alumnus of Harvard Business School and a Masters in Finance & Economics with a Degree in Law, Neel has 24 years of rich business experience.   As Group President of K. Raheja Corp, he handles Real Estate & instrumental in setting up IT Parks and Residential townships across India

Neel is on the board of the Hospitality and Mall development businesses of the group, after initially  setting up the renowned mall brand ‘Inorbit Malls’  across the country, one of the top 3 mall companies.  On the Hospitality front, he successfully set up hotels with Marriott Group and is now among the top 3 leading hotel companies in India.

Neel is on the board of the Hospitality and Mall development businesses of the group, after initially  setting up the renowned mall brand ‘Inorbit Malls’  across the country, one of the top 3 mall companies.  On the Hospitality front, he successfully set up hotels with Marriott Group and is now among the top 3 leading hotel companies in India.

He also plays a very active role in the Group’s CSR activities including Education including Schools, business and architecture etc. and Health with the famous LS Raheja Hospital and drives the Group’s growth through Green Building initiatives of sustainable development.

Neel was selected as the top 40 under 40 by Economic Times and chairs some of the most important committees that shape key industry developments. He is the Co-Chair at CII-National Committee on Real Estate and Housing, the Chairman, India Chapter of APREA, and President, NAREDCO West. Neel has been appointed on the Govt. of India committee to suggest changes in the Special Economic Zone policy and was one of the members of the Champions of Change invited by the Prime Minister of India.

Ankur Gupta

Managing Director, Head of Real Estate business in India
Brookfield’s Property Group

Ankur Gupta

Managing Director, Head of Real Estate business in India
Brookfield’s Property Group

Ankur Gupta is a Managing Director in Brookfield’s Property Group and Head of Real Estate business in India, responsible for all aspects of property business in the country including strategy, investments and asset management.

Mr. Gupta has held numerous senior roles within the firm. Previously, he was a senior member of Brookfield’s property investments team in New York where he was involved in investments and financings totaling more than $25 billion including IDI Logistics, Capital Automotive REIT, Associated Estates, Rouse Properties and Forest City Realty Trust.  He has also overseen the establishment and growth of Brookfield’s real estate business in India through three large portfolio acquisitions totaling more than 25 million SF and setting up of Brookfield’s operating team in the country.

Mr. Gupta has more than 12 years of experience in Real Estate. Prior to joining Brookfield in 2012, Mr. Gupta worked for a leading real estate development firm.

Mr. Gupta received his MBA with Dean’s Honors from Columbia Business School and holds a Bachelor of Technology in Chemical Engineering from the Indian Institute of Technology, Bombay.

 

Gaurav Karnik

Partner, Tax & Regulatory Services

Gaurav Karnik

Partner, Tax & Regulatory Services

Background

  • Gaurav Karnik is Partner with Ernst & Young tax practice in India and is the National Leader for Real Estate sector for EY India and National Leader for Sovereign Wealth Funds and Pension Funds for EY India
  • Gaurav joined Ernst & Young in 2002 and is based in Gurgaon.
  • He is a Chartered Accountant from Institute of Chartered Accountants of India and also holds a Bachelors degree in Economics from Delhi University
  • Fluent in English, Hindi and Marathi

Skills

  • Gaurav has more than 20 years of experience in the field of taxation, regulatory matters, and international taxation.
  • Handling international taxation issues including,permanent establishment issues and other regulatory issues
  • Handling Inbound and Outbound tax advisory related issues and Transaction tax related advisory issues

Professional Experience

  • Advised several US, UK, Singapore based real estate and infrastructure focused private equity funds in structuring their India centric real estate an d infrastructure funds and their specific investments in Indian companies
  • Advised several foreign real estate developers with their India real estate strategy and transactions.
  • Advised global hospitality chains in establishing presence in India and tax litigation
  • Advised global mall developers on their India real estate strategy and restructuring
  • Advised developers and funds on potential REIT strategy
  • Advising multinational companies on entry strategy, restructuring and setting up offshore tax efficient vehicles
  • Advising on regulatory issues in establishing and doing business in India
  • Actively involved in inbound and outbound structuring for clients engaged in the automotive, diversified industrial products, infrastructure, real estate companies
  • Assisted number of multinational company on their tax disputes with Indian Revenue authorities
  • Advising on international tax issues including permanent establishment issues in India
  • Assisted various funds with tax due diligence in India
  • Assisted domestic companies in outbound investments and group restructuring
  • Assisted real estate industry associations such as APREA, FICCI etc with representation REIT, GST to the Ministry of Finance and SEBI
     

Tel +91 (0)12 4464 4032
Mobile +91 (0)98 11214668
Fax +91 (0)12 4464 4050
Email gaurav.karnik@in.ey.com 

Gautam Mehra

Partner and India Tax Leader
PwC India

Gautam Mehra

Partner and India Tax Leader
PwC India

Gautam Mehra is a Partner with PwC India and leads its Tax and Regulatory practice.

Gautam joined PwC as a Partner in September 2003, and since then has held various roles in the firm. Prior to taking over as the India Tax and Regulatory Leader in July 2015, he was leading PwC’s Tax and Regulatory practice in Western India and the Financial Services’ Tax and Regulatory group. He was also the Asset Management Sector leader for PwC in India.

Over the years, Gautam has been working with multinational and domestic clients across a wide spectrum of tax and regulatory services, and has varied experience of nearly 30 years. Prior to joining PwC, he had stints with two leading accounting and tax consultancy firms, which was followed by a long association over 12 years with an independent practice founded by him. 

Gautam was a member of SEBI’s Alternative Investment Policy Advisory Committee (AIPAC) as well as of the National Direct Tax Committee of the Confederation of Indian Industry. He frequently speaks at seminars in India and abroad, and regularly contributes to media publications.  He has been a member of the American Chamber of Commerce as well as of the Expert Advisory Committee of the Institute of Chartered Accountants of India. 

Gautam holds a postgraduate degree in law and financial management and is also a member of the Institute of Chartered Accountants of India.

Office  +  91 22 6689 1155
Mobile +  91 98 6703 3822
Fax  + 91 22 6689 1881
Email gautam.mehra@pwc.com
 

Rahul Rai

Heads the Management 
ICICI Prudential AMC Ltd

Rahul Rai

Heads the Management 
ICICI Prudential AMC Ltd

Mr. Rahul Rai is with ICICI Prudential AMC Ltd and heads the management of third party close ended funds that invest in real estate projects and pre-leased offices. Rahul has over25 years of experience of which the past 16 years have been specialized on Indian real estate sector and includes expertise across all real estate asset classes and cities.  

Prior to ICICI Prudential, Rahul was with SUN-Apollo Real Estate Advisors as Principal  and before that he has worked with Ernst and Young and Arthur Andersen. 

Rahul is a member of Institute of Chartered Accountants of India and has done his graduation in Commerce from the Bombay University. 

S. Sriniwasan

Managing Director
Kotak Investment Advisors Limited

S. Sriniwasan

Managing Director
Kotak Investment Advisors Limited

S. Sriniwasan (Srini) has been with the Kotak Group since 1993 and currently heads Kotak Investment Advisors Limited (KIAL), a wholly owned subsidiary of Kotak Mahindra Bank.

Srini also oversees Kotak Private Equity, Kotak Infrastructure Funds, Kotak Special Situations Fund and Kotak Listed Equities. Overall, Srini manages about USD 2.7Bn in AUM across asset classes.Srini has played a crucial role in setting up and building the Alternate Assets business at KIAL. He established one of India’s first real estate funds in 2005 and steered the growth of the business since its launch.

As one of the earliest fund managers to raise and invest capital in India, Srini has introduced significant financing, financial structuring and negotiating skills in the alternate assets industry.

Srini joined the Kotak Mahindra Group in January 1993. He was a part of Kotak’s investment banking joint venture with Goldman Sachs from inception in 1995, and was also co-head of Kotak Investment Banking till 2005. At Kotak Investment Banking, Srini advised leading domestic and international companies on capital raising, M&A and strategic divestitures.

Srini is a member of the Federation of Indian Chambers of Commerce and Industry (FICCI) committee for policy initiatives on Foreign Direct Investment and REITs and the Confederation of Indian Industry
(CII) subcommittee on Capital Markets. He also serves as Chairman for the Royal Institute of Chartered Surveyors (RICS), South Asia Valuation Professional Group Board. He is also a Board member of Asia Pacific Real Estate Association Limited (APREA) India Chapter and a member of the Governing Council of Global Real Estate Institute (GRI) – India Chapter. He is a Member of the Executive Committee at the Indian Private Equity & Venture Capital Association (IVCA).

Srini holds a Bachelor's degree in Commerce from Delhi University and an MBA from the Institute of Management Technology (IMT), Ghaziabad.

Amit Mathur

Senior Vice President
Singapore InvestCorp (India) Pvt. Ltd.
(GIC Private Limited)

Amit Mathur

Senior Vice President
Singapore InvestCorp (India) Pvt. Ltd.
(GIC Private Limited)

Amit Mathur is a senior investment professional at GIC Real Estate. As a founding member of the GIC RE investment management team in India, he has been deeply involved in driving the investment focus and strategy for India real estate. 

Amit has 22 years of experience in real estate development and investment management.  Prior to GIC, Amit has worked with Kotak Realty Fund, Ascendas, K Raheja Corp and Shapoorji Pallonji Group.  Amit has led some pioneering investments at GIC and earlier in his career.  

Amit is a Bachelor of Architecture with post-graduate qualifications in Management (MBA) from the University of Sheffield.