In the US, you dont worry much about a property title. How have they reacted to the pandemic, for instance? Now, it is a bustling city, a metropolis. Read full message CEO's Message High Quality Work Environments for Sustainable Growth Alok Aggarwal Chief Executive Officer Manager of Brookfield India REIT. Our vision is to develop The Leela assets from 8 to 16 to 20 properties in the country. For instance, airports have to be world-class for hospitality to gain. Hiring top talent in the industry has been a big focus for me. They show us the why and how wiser people traversed through history, driven by their purpose. This is reflective in this first-of-its-kind deal: an equal partnership that we have entered into with GIC and Brookfield India REIT towards buying a high quality class A office portfolio for an enterprise value of US$1.4 billion from Brookfield Asset Managements private real estate funds. It is about experiences and service quality. That can happen only in the organised sector, this seamless transfer from the airport to a hotel. Add, track and import stocks to your There is insurance to secure it. We are seeing a shift towards sustainability. In these roles, he oversees all of Brookfield's activities in India, and Brookfield's real estate business in India and the Middle East. But we are not opposed to investing in any business in the country. Brookfield Asset Management | IIT Bombay | Columbia University, Having delivered on high yield and attractive total returns to our unitholders, we are pleased with our performance in the first year since listing of Brookfield India Real Estate Trust. Have you looked at #SatelliteData to analyze locations ? LinkedIn is the world's largest business network, helping professionals like Ankur Gupta discover inside connections to recommended job candidates, industry experts, and business partners. Ankur. IDENTIFY executive and board member connections in Ankur Gupta's network. . So, there is more consistency in the way The Leela is run across all properties and departments, from technology-integration to F&B and marketing. This deal marks our entry in India's capital, #Delhi and furthers our leadership position in the #office market in India with presence in all tier-I markets. I also miss travelling with my family and I hope to make up for it. Bertingloher Str. Latest investor presentations released by companies, As investors seek alpha, dvm strategies beat benchmarks by big margins, HDFC Group's new leader, Sashi Jagdishan, has to carry forward the legacy of the Parekhs, Rapid results, investor presentations and earnings calls, Equity, debt, hybrid, ETFs and fund of funds, FII, DII, retail and total open interest and changes, Explore most bullish, highest upside stocks and more, DVM screeners and other popular expert screeners, View all superstars and set superstar alerts, View Insider/SAST trades, bulk/block deals and set daily deal The communication we are sending out is that The Leela has the capital and the balance sheet support. So we are positive on the demand scenario and expect institutionally owned properties to continue to outperform. Brookfield has raised Rs 1,709.97 crore from anchor investors, says Ankur Gupta, Managing Partner, Brookfield Asset Management. In 2015, we launched our real estate business in the country. Ankur is a member of the real estate investments team at Brookfield and is based out of New York. Do you believe that WFH or work from home concept will affect occupancy levels permanently or do you think the concept will be dropped post the vaccination drive? The ancient town of Schwerte dates all the way back to 962 where it was originally known as "Suerte.". The activities, financial condition and results of operations in this discussion and analysis are based on the audited Consolidated Financial Statements and audited Standalone Financial Statements of Brookfield India REIT. The site includes the very latest news, analysis and comment from our team of expert journalists; accurate and up-to-date industry data and contacts; and coming soon a whole host of exciting new business opportunities in the form of relevant tenders, project announcements, classified ads and industry jobs. This button displays the currently selected search type. Prior to linking Brooke in 2012, Mr. Gupta worked for a leading real estate development firm. Ankur is a highly intelligent, action oriented, experienced engineering leader. On our part, India is expected to contribute towards 20% of worlds growth over the next decade. Ankur Gupta is Senior Vice President at PNC Bank NA. All of us could have done more, but the fact that we have rallied around each other is amazing. He has over 10 years of experience in real estate. Brookfield Asset Management. Luxury has a rather larger canvas. There is a need for business hotels. It should take us not more than two years to recover. and Cultures, High Quality Work Mr. Gupta holds a . We are the one of the largest real estate players globally, from Australia to LA, including London, New York, Toronto, NCR-Delhi and Mumbai. Look at Bengaluru. The NBFC crisis and the outbreak of Covid-19 had badly hurt the real estate sector. What do you think the government can do to boost the tourism and hospitality sectors?The governments job is to build the nation. Ankur Gupta is a Managing Partner and Head of Asia Pacific and Middle East for Brookfields Real Estate Group and Country Head for Brookfield in India. Today it is a popular place to live and work with its excellent recreational facilities and many cultural events. Unveiling the OnePlus Nord 3: A mid-range marvel with flagship features, Military Manufacturing: Prioritising Make in India, Stuff Your Kindle Day 2023: Get free access to thousands of Ebooks! In my position, many-a-time I do feel the pressure building up. As disclosed in the Offer Document, we have identified external growth opportunities through the ROFO Properties and Identified Assets. 2The tenants are based on the standalone legal entities that have signed agreements and includes office as well as retail tenants. What explains the growing acceptance of this instrument, which had initially received a lukewarm response? Mr. Gupta holds a Master of Business Administration degree from Columbia Business School and a Bachelor of Technology degree from the Indian Institute of Technology, Bombay. Ankur Gupta, Head of #RealEstate for #India and the #MiddleEast, recently discussed his views atFICCIs 95th Annual Convention and AGM. I believe there will be a void in the market. Thank you, Sanjiv Mehta puts it the best: the world is conspiring to make #india victorious.. More power to you! For now, we are purely focusing on the luxury segment. The three hotels in the pipeline are Bangalore Bharatiya City, Gandhi Nagar Convention Centre, in partnership with the government, and the Hyderabad managed hotels. There is a lot of dislocation in the capital markets. We are not dropping the ball. You too can participate and make a difference by spreading awareness through your pictures with the tree on your social media handles or donating books that you love. There is a huge opportunity as we see growth in urban areas. Prior to joining Brookfield in 2012, Ankur worked for . ,MBA (ISB), B.Tech ,ADIS, NEBOSH,LA,Inspiring Fcilitator, Dip.QA,ICAO SMS Trainer. https://lnkd.in/dXj5_ANV CERTIFICATION, CONSOLIDATED LEASABLE Once, you could count the hotels on your fingertips. Mr. Gupta holds a Master of Business Administration degree from Columbia Business School and a Bachelor of Technology degree from the Indian Institute of Technology, Bombay. Tech integration is not happening just because of the pandemic. Speaking exclusively to ET Now at the ET Awards for Corporate Excellence 2023 held on April 28, Gupta gave his view on the outlook for real estate in India. As Cyberpunk reboots, can unloved games win an extra life? Brookfield India Real Estate Trust REIT Q1 FY23 Earnings Concall dated Aug. 04, 2022Corporate Participants: Ankur Gupta Managing Partner. Growth. Exclusive Interview with Ankur Gupta, Managing Partner, Brookfield Asset Management and Head of Real Estate, India Gupta is gung-ho about the investment in The Leela Palaces Resorts and Hotels despite the downturn caused by the pandemic. View Ankur Gupta's professional profile on LinkedIn. This will alert our moderators to take action. Then there is the opportunity to get into other segments of luxury. Data security, availability of 24x7 power, internet backup, backup infrastructures such as printers, scanners and other such machinery, access to food courts, gyms, ATMs and other amenities which are a part of our campuses, is not something that can be granted for a WFH situation. of our Global Sponsors, Fostering Collaboration alerts, Analyse your portfolio - Concentration analysis, Portfolio NAV and However, on the other side, it also emphasised the need to have a high-quality, well-managed, well-designed workspace, with good quality infrastructure, clean air systems, where safety and distancing guidelines can be stringently followed. North Rhine-Westphalia, the Sporting State NRW is leading the pack in many respects, especially when it comes to sport. He holds forth on what it would take to pivot the group, synonymous with Indian luxury, to the top of the hospitality game. The Leela is our business in India so that is our first playground. The government has other more pressing concerns in the short term, than directly helping hotels, which it should do in the due course of time. However, the fear of coronavirus infection will persuade them to use the services of the organised hospitality sector. We are constantly working at putting the pieces together with imperfect information, drawing up a business plan and ensuring it works. Q. Ankur is based out of Mumbai, Maharashtra, India and works in the Investment Management industry. Will Brookfield only work with The Leela or are there plans to work with other brands in India? The big brands such as The Oberoi Hotels or IHCL originally catered to high-end business travellers or foreign travellers. Empowered by the Expertise POTENTIAL. You can update your choices at any time in your settings. This is reflective in this first-of-its-kind deal: an equal partnership that we have entered into with GIC and Brookfield India REIT towards buying a high quality class A office portfolio for an enterprise value of US$1.4 billion from Brookfield Asset Managements private real estate funds. We try and use the resources in the best way possible. We welcome these moves and are hopeful that this momentum will continue. Give us a sense of the kind of assets which are part of this REIT offering and the rationale behind picking them? So, are you saying that growth will be speeded up right after the pandemic?That is my expectation. While Ranjan now spends his time between the Dubai and London offices, he cannot stop gushing about his firmss $20 billion India investments since officially setting up an office in the country in 2009 with three employees (including him). I dont think that luxury is only about the size of a room. View Ankur Gupta, implement zen leads jobs by email marketing, more information on the contact database and email addresses and email marketing can be found at arounddeal . Moneycontrols Ashwin Mohancaught up with the man who has overseen the establishment and growth of the investment majors real estate and hospitality business in India by stitching together several marque deals Ankur Gupta,Managing Partner, Head of India-Real Estate, Brookfield Asset Management. Analysts: Rajiv Malhotra Skanda Investments Analyst. No credit card required. CONNECT with Ankur Gupta through your network of contacts. Cities such as Noida, Pune and Mumbai, too, have transformed completely. I believe there will be a recovery that will catapult the industries to levels better than what existed before.Established business models have been challenged. I believe we should enable children to reap the benefits that books can bring. It has been fulfilling and satisfying. Alok Aggarwal Chief Executive Officer. Choose your reason below and click on the Report button. Ankur Gupta, the Country Head for Brookfield in India, said that commercial real estate sales are doing well in the country. Reema H. Kundnani Bushra Shaikh Shveta Singh Brookfield Properties Brookfield Asset Management Director, Multinationals - Global Banking, HSBC People thought that they would never fly again. In these roles, he oversees all of Brookfield's activities in India, and is responsible for investment activities and growth for Brookfield's real estate business in Asia Pacific and Middle East. 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Brookfield is an NYSE- and Toronto-listed firm, with approximately$600 billionin assets under management across real estate, infrastructure, renewable power, In India, while it started with investments in real estate and small, In India, Brookfield has dabbled in large deals across asset heavy sectors, but in 2020 it made its first bet in pure play, As Brookfield readies itself for bigger deals, Ranjan believes the firm is now ready to tackle almost any sector, and that too by cutting the largest cheques. We need to have nimble operations and operate our P&Ls better. Circa February 2021, and the Toronto-headquartered firm, whichowns and operates a portfolio of infrastructure and real estate assets, including 42 million sq ft office properties in India,is all set to hit the Indian markets with its REIT listing. FOLLOW changes in Ankur Gupta's employment. That is when due diligence is required. Under the new system being put in place, decision-making is happening on the spot and the accountability levels are high. So while we believe that WFH rightly took centre-stage as a measure to contain the pandemic, it will not impact occupancy levels permanently. I like to believe we run a good business; we have a sound plan that will work even in adversity. Many-a-times in India, you spend a disproportionate amount of time on titles, approvals, licenses, and such. Ankur joined Brookfield in 2012 and has been involved in a wide range of real estate investments totaling more than $15 billion. Sustainability Development Goals (SDGs) and our Net-Zero actions. Photo by. Brookfield is fortunate to have a robust balance sheet and P&L. If I put my investors hat on, you cant take a two-year vision. Unlike you, there are industry leaders who feel that the government can do so much more, for instance, offer subsidiesAsk not what the country does for you; ask what you can do for it. But 9/11 happened in Brookfields backyard, in the US, so it continues to stay in our organisations memory. For more details and how to participate, please visit www.treesofhope.in What has been the effect on your P&L? How do see the Indian hospitality industry evolve? The assets are home to marquee, blue-chip tenants, with 75 percent of gross rentals contracted with multi-national corporations such as Barclays, Bank of America Continuum, Accenture, Tata Consultancy Services and Cognizant. Structured and Real Estate Finance. Moreover, our tenants have been supportive, as evinced by our collection numbers for the entire pandemic period so far, which average in excess of 98 percent. Ankur Gupta India's real estate investment trust (REIT) market has come a long way. But beyond that, there are very few organised operators, which is why we invested in an owner-operator-manager business in the country. Our deep global expertise in owning and operating #realestate and access to capital has helped us build a market leading, premium quality portfolio of #office properties in India. On September 30, 2020, Moneycontrol was the first to report the firms filing of offer documents with the market regulator. It didn't scare us off from investing in the country. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. 1Occupancy certificate for Candor TechSpace N2 Tower 11A was received on May 30, 2022. The element that remains constant is The Leelas standing as a global brand. Photo by Neha Mithbawkar for Forbes India. Find contact details for 700 million professionals. The Leela Palaces, Hotels and Resorts has been voted the Worlds Best Hotel Brand by Travel + Leisure, USA Worlds Best Awards Survey, 2020. As one of the most important energy and industrial Ankur Gupta, Head of #RealEstate for #India and the #MiddleEast, recently discussed his views at FICCI 's 95th Annual Convention and AGM. Some have asked if this is the right price or time for acquiring The Leela? Read full message Unrivaled Reach Robust Tenant Profile. Ankur Gupta's Post Ankur Gupta Managing Partner at Brookfield Asset Management 9mo Report this post Report Report. These are challenges unique to a business in India but, sometimes, they are also opportunities to grow and do things differently. The initiative is live in 8 cities across Brookfield Properties campuses until January 25, 2023. Under Brookfields ownership, we have the natural advantage of expanding The Leela to several destinations. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. We ask the government for an industry status or a longer loan period. I believe, the Indian wellness offerings would be well-received wherever we take them, from the US to Australia. They show us the why and how wiser people traversed through history, driven by their purpose. Sometimes, you are dealing with more exuberant markets, which is also a challenge of a different magnitude. Direct Environmental, Climate & Physical Risk Measurements, That's great Ankur ! What will change is the way we deliver the experiences to customers. The early 2020s will be remembered for so many events arising from the global pandemic, but one thing is certain: It's made us aware of spacesboth where we are in them and where we want to be. Q. Q.REIT IPOs in India are gradually gaining popularity amongst big global funds. You have to adopt a 10-year vision. Select Accept to consent or Reject to decline non-essential cookies for this use. Moreover, work from home comes with several disadvantages. DVM - High Performing, Highly Durable Companies, Copyright 2023 Giskard Datatech Pvt Ltd, Nifty50 companies average YoY revenue changed by 13.99%, Results Declared in Last Two Days with both YoY and QoQ Profit Growth, MFs for your child's education or retirement, Technical Stock Screeners (RSI, MFI, EMA/SMA and more), Trending Today: Stocks with Highest Dividend Yields, Just getting started? Ankur Gupta is the Non-Exec & Non-Independent Dir of Brookfield India Real Estate Trust. See Ankur Gupta's compensation, career history, education, & memberships. Diversity is important in all our businesses as it brings in balance. What is not going to change is the luxury quotient of our hotels. Should you buy more assets? 2022 Brookfield India Real Estate Trust inc. 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