Team size: Two

Can you tell us a little about your significant accomplishments over the last few years, as a team or by yourself?

It is a niche and specialised sector that I work in (real estate private equity). HPVL has domestic, as well offshore-fund, managers as its clients, with primary focus on the construction development sector. I have grown as a professional working in this space over the last 16 years and have witnessed the life cycle of a fund. The last few years have been especially tough on the real estate sector operations, which, of course, have a great impact on the various stakeholders. Thus, there has been a paradigm shift in the focus and strategies of fund investors. With most of our funds nearing the end of their term, our legal team has played a pivotal role in successfully closing our domestic fund and successfully facilitating exiting investments made by the offshore funds.

Have any recent political, economic, or regulatory changes impacted your work? How are you dealing with this?

Changes relating to the FDI regime, real estate laws, and SEBI laws applicable to FPIs have an impact on our work. These laws are quite dynamic and keep evolving. The impact can vary on a case-to-case basis, and we generally work closely with the business teams to analyse and review our existing framework to ensure the least adverse impact. Besides this, economic and political environment based on state-policies also have a deep impact on the operations of developers. This makes it critical for the legal team to work in tandem with business, internal management, developer’s teams, and external agencies to appropriately deal with each case.

How has the increasing consciousness of climate change and sustainability affected your company and the team’s priorities?

Over the last few years, stakeholders across the globe have become extremely sensitive and cognisant towards climate change, sustainability, and social impact. With foreign investors and stakeholders being much ahead of the curve, they bring along with them the best practises in this regard while investing in India. This has also brought about a change in the way we look at various investment opportunities in the real estate space. There is a conscious effort by the team to devise policies covering the environment and sustainability related aspects.

What is a cause, business or otherwise, you are passionate about and why?

Coming from a farmers’ background family, real estate and related aspects have always been a subject matter of discussion and being this sector for last 16 plus years have further enhanced this urge to learn more.

I take pride in understanding this sector and applying the business and legal skills to achieve the desired results for my organisation.