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Budget 2022-23: Colliers Impact Analysis

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1536 India Budget

Union Budget 2022-23

The Union Budget 2022-23 is forward looking and focuses on a long-term plan for the country with digitization, urban development, and sustainability at its core. While the Budget has not announced significant demand-side boosters for homebuyers at large, it remains committed in bringing in more transparency in the real estate sector and improving ease of business.

Some of the noteworthy announcements include:

  • INR48,000 crore allocated for FY2022-23 under affordable housing scheme to build 80 lakh houses in rural and Urban India
  • Digitization of land records
  • Infrastructure status to data Centers

Budget 2022 analysis by Ramesh Nair

 

 

 
 

1024 India Budget

Budget 2022-23: Colliers Impact Analysis

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Ramesh Nair

Chief Executive Officer | India

Managing Director, Market Development | Asia

Mumbai (Corporate Office)

Ramesh has over 24 years of experience in consulting across top-tier International Property Consultants (IPCs). As the Chief Executive Officer (CEO), India & Managing Director, Market Development, Asia, Ramesh drives Colliers India’s overall direction, strategy and growth. He is responsible for developing new client relationships, ensuring consistently superior levels of service delivery, and incubating new specializations. Having worked across diverse asset classes such as office, land, warehousing, industrial, retail, residential, data centers, and hotels advising leading domestic and multinational owners, investors, and occupiers, he aligns all business lines towards the firm’s strategy internally and externally.

He develops a country-wide growth plan, manages revenues, operating expenses, and profitability to drive results, identify trends, and take corrective action. Ramesh also creates our workforce to provide innovative future solutions and help clients define and deliver successful real estate projects of the highest quality. As Managing Director, Market Development, Asia, Ramesh uses his considerable industry experience to add value beyond the boundaries of India and develop services, expand client relationships, and attract other talented professionals to the company. Ramesh also serves on the Colliers Asia Executive Board.

Before joining Colliers, Ramesh served as the CEO & Country Head of JLL India, where he oversaw the work and outputs of ~12,000 professionals working across transactions, consulting, and annuity businesses. During his tenure, he successfully grew the company to record heights. Previously, Ramesh held other leadership positions at JLL, such as COO – India; MD - West India; South India Markets Head; India Head of Land; MD – Industrial; MD – Chennai; and MD – Hyderabad. Ramesh was one of the youngest International Directors and Country Heads of JLL globally. He has also been a member of the Asia Pacific Executive Board of JLL and the J8, a group of JLL’s eight most prominent countries in terms of profits and revenues globally amongst 80 countries.

Easily one of the most recognizable persons in real estate in India, Ramesh is one of the influential thought leaders in the Industry. He has written widely for prominent publications like the Times of India and Economic Times. He frequently appears on business shows across leading business channels such as CNBC.

A firm believer in the value of education, he has been a guest lecturer at prestigious institutes such as IIM Ahmedabad, IIM Kolkata, ISB Hyderabad, JBIMS, and SP Jain.

 

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Vimal Nadar

Senior Director

Research

Mumbai (Corporate Office)

Vimal has a cumulative of about 14 years post qualification (as a Chartered Accountant) experience and recently joined Colliers as the Head of Research. He is responsible for leading and managing India Research operations. He will focus on thought leadership though timely and insightful content to support business growth while elevating the brand  value of the company. Prior to this, he led research thought leadership at JLL and Cushman & Wakefield. He began his professional career with Crisil; business research and consulting being his core areas of work. His areas of expertise include business assessment, demand-supply analysis, market entry strategy, strategic road mapping, etc in sectors such as Real estate, Cement, BFSI and other sub-sectors within the infrastructure domain. 

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