Anarock establishes new consulting practice under Ashutosh Limaye

22 November 2018 3 min. read

Indian real estate Consultancy Anarock Property Consultants has made a senior appointment to its newly established consulting practice. Former National Director and Head of Research at JLL India Ashutosh Limaye will now take charge of consulting for various stakeholders in the real estate sector. 

Based out of the Mumbai office of JLL India, Ashutosh Limaye has come to be well-versed in India’s real estate market scenario. As the Head of Research, Limaye has authored several publications at JLL, on topics ranging from the various asset classes in India to the opportunities available in short-term real estate planning.

India’s real-estate market is currently on a rapid growth trajectory in nearly all domains. Global management consultancy Bain & Company places the annual growth rate for demand in India’s real estate market at approximately 9%. A major factor in this growth is the rapidly expanding demand in the retail real estate domain.

As hotel occupancy rates across the country rise, the demand for real estate in the hospitality sector is also rapidly on the rise. Firms from a variety of sectors, therefore, are currently looking to find the best strategy when investing in new property, which is where Anarock’s new consulting vertical comes into play.

Anarock establishes new consulting practice under Ashutosh Limaye

The firm has spent the first half of this year expanding its capacity in the advisory space, starting with a merger with the acquisition of ANB Capital to form an investment advisory practice, followed by a partnership with global hospitality consultancy HVS India with the aim of boosting revenues by 75%. 

Limaye now joins Anarock as the Consulting Services Director, as the firm formalises the launch of its Consulting Services division, where he will oversee Anarock’s advisory services to the various stakeholders in the real estate sector, ranging from real estate developers to retailers, extending to financial institutions that facilitate new investments.

The new practice will include a highly experienced team, which includes another new appointment in the form of Gaurav Wahi, who joins as Head of Operations. “The consulting team has a cumulative experience of more than 100 years in development advisory, financial feasibility assessments, asset valuations, transaction management and corporate consulting,” said a statement from Anarock.

Commenting on his appointment, Limaye said, “We look forwards to amplifying its scope with our consulting expertise. This division will provide expert advisory services to major real estate stakeholders across the board,” while Chairman at Anarock Anuj Puri added, “this division will provide a bouquet of extremely specialised, results-oriented and fully tech-enabled services and solutions to our clients.”