Arvind Pahwa – New executive director of Indiareit
Bangalore- Former CEO of South Asian Real Estate Group (SARE Group), Arvind Pahwa, has taken position as the executive director at Indiareit Fund Advisors Pvt. Ltd.
At an interview, Pahwa disclosed that he will be a part of Indiareit’s business and willo be monitoring existing investments.
Ramesh Jogani , Indiareit’s chief executive and managing director, and Jasmeet Chhabra, Director Investments had resigned a few months ago. Khushru Jijina, managing director of Piramal Realty, took over as the managing partner of the real estate fund and Pahwa as the executive director (investments).
Arvind Pahwa had earlier planned to start a real estate investment fund to invest in urban residential projects. But, later the idea of turning entrepreneur with the new business was dropped since the present overall economic scenario is unfavourable for fund raising in the real estate sector. Real estate consultants expect that new funds at this situation will find the market really hard.
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