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Top Honours For REAL ESTATE HONCHOS 

Two real estate stalwarts K P Singh , Chairman, DLF Group and Irfan Razack, MD, Prestige Estates have been bestowed with top honours for 2022 by Ernst & Young.

While KP Singh has been felicitated with the Lifetime Achievement Award for his pioneering work in architecting the real estate landscape of the country, Irfan Razack has been recognized for his significant contribution in the field of real estate, infrastructure and energy.

With his exemplary vision and business sense, K P  Singh led DLF for five decades before stepping down from the position of chairman in 2020, is credited with building the modern DLF City in Gurgaon and the rise of DLF as a Numero Uno real estate company. A recipient of various international and national awards, notably Padma Bhushan, Singh has made great contributions to community and nation-building.

Irfan Razack, with over four decades of rich hands-on experience in the real estate industry, Irfan Razack has been responsible for making Prestige Estates as one of the most successful real estate companies with a market capitalization of close to Rs 20000 crore. Irfan has many firsts to his credit and is recognised for envisioning India’s first luxury mall-The Collection in Bengaluru. As an industry leader, Razack has made immense contributions to the promotion and growth of the real estate and infrastructure sector.

VOICES 

K.P Singh, Chairman, DLF

Smart cities are not an answer. The focus should change from retrofitting through smart cities to building new cities.

Sanjay Dutt, MD & CEO, Tata Realty & Infrastructure

Strong location, designing, positioning, equity base, track record and organisation strength can mitigate the risks like costly finance

Jairam Sridharan , MD, Piramal Housing & Capital Finance

Becoming a bank will depend on regulatory intent on NBFCs. But it is more stable and sustainable to have a banking business model.

Krishnan Sitaraman, Senior Director, Crisil Ratings

While NBFC assets will grow in double-digit levels in the medium term, their balance sheets may not grow to the extent on account of the asset-light strategy that a number of NBFCs plan to follow.

Hari Krishna V, MD, Head of Real Estate India, CPP Investments

Over the past few years, we have made numerous investments in India’s industrial space where we see strong demand as the manufacturing sector continues to grow and the e-commerce sector matures. We will further capitalise on these opportunities and believe our investment will deliver strong risk-adjusted returns.

Jonathan Gray, President & COO Blackstone

India has outstanding fundamentals for long-term growth. We have had remarkable performance over the years here and we believe the best is yet to come.