Knight Frank India hires Tushar Rane as Executive Director

Property and real estate consultancy Knight Frank has appointed Tushar Rane as Executive Director in its Capital Markets practice.

Tushar Rane has over over 25 years of experience in the field. Over the past couple of years he has been managing a business he setup. Prior to that, he held different leadership roles at HSBC Bank, Centrum Realty and Infrastructure and ICICI Bank. Building on his corporate and entrepreneurial experienced, Rane boasts relationships with dozens of leading developers in India.

At Knight Frank, an international property consulting firm, Tushar Rane has joined as Executive Director, tasked with accelerating the growth of its Capital Markets business, with a focus on core assets. “Capital Markets is a key service line for Knight Frank globally. The recent spate of reforms in India such as the Real Estate Investments Trusts (REITS) has infused significant confidence among institutional funds which has reflected in their growing interest into core assets and the real estate sector on the whole. Going forward it would be prudent to capitalise on the massive potential. In light of this dynamic scenario I am sure that Tushar will bring the right blend of experience and energy to discover new avenues of growth in sync with our holistic business goals. His foray into our leadership league would add a new dimension to our presence in the industry,” said Shishir Baijal, Chairman and Managing Director of Knight Frank India.

Commenting on his new role, Rane said, “India’s real estate sector is headed towards its vertex with regards to attracting global capital flows. We have already witnessed the foray of international investment giants into the core assets business with the Real Estate Investments Trusts (REITs) and Infrastructure Investments Trusts (InvITs).”

Globally, Knight Frank has around 370 offices in 55 countries, housing more than 12,000 employees, who handle in excess of $800 billion worth of commercial, agricultural and residential real estate annually. The Indian office is based in Mumbai.

According to a report by Bain & Company, real estate demand for residential property in India is set to surge in the coming years: the consultants forecast the base to grow by 9% per year to 2020.

Related: India's top eight cities to add 34 new shopping malls by 2020.