Manager/Sr. Manager - Land Acquisition.

Job Description

Job Description: Conduct regular micro-market research. Identify land banks across Bangalore and evaluate their feasibility for procurement, including the surrounding area of existing land banks; Build a business case to secure Top Management approval for the same. Core Responsibilities: Prepare and analyze feasibility reports and provide inputs to the Head - Business Development on the level and type of land feasibility (Sale / Joint Development / Lease). Liaise and coordinate with local Architects to gain a thorough understanding of the initial feasibility of construction on the target land (applicable laws, construction activity permissible etc). Liaise and build relationships with International and Local Property Consultants & Agents to acquire business leads and secure sufficient lead time for BEL to make procurement decisions. Work closely with the Legal Department to ensure comprehensive due diligence and vetting of land documents / MOUs and addressing litigation issues with land owners • Work closely with the Liaison Department for obtaining approvals, clearances and licenses from the Government and Regulatory Authorities. Conduct final property inspection and identify areas of ambiguity and issues based on existing checklists; Continuously review and update the checklist based on industry trends and best practices Assist in the development of internal processes, methodologies and / or checklists for: - Conducting property inspection - Information sources for conducting a feasibility study - Handling different purchase methods - Risk Assessment and Mitigation (Natural, Political, Economic, Legal / Regulatory, Ownership and Corporate Governance) - Preparation necessary reports & MIS relating to the department. Specific skill set Knowledge of the Real Estate Industry Knowledge of Land-related Laws Knowledge of Software Packages Commercial Acumen Able to communicate in local language