Thursday, July 25, 2024

Tribeca Developers appoints Rajat Khandelwal as CEO

Tribeca Developers, India’s largest branded luxury developer, has announced the appointment of Mr. Rajat Khandelwal as Group Chief Executive Officer to lead the company’s strategic initiatives and business expansion plans. Bringing a robust 19 years of professional experience, Rajat has garnered industry recognition and accolades for his strategic acumen and dynamic leadership in previous roles, marking a significant addition to Tribeca Developers.

Having served as the President of Central Park in Delhi NCR, as the CEO, of West India of Ozone Group, and as the COO of Omkar Developers, Rajat has consistently demonstrated strong financial acumen and a proven ability to drive business growth. He has managed projects with revenue exceeding INR 7,500 crores, led the successful launch of multiple marque projects in diverse geographies, and establishment of strategic joint ventures with industry leaders such as L&T and Godrej.

Commenting on the appointment, Kalpesh Mehta, Founder, Tribeca Developers said, “I am thrilled to welcome Rajat to the company. With nearly two decades of experience, Rajat brings invaluable insights and leadership to our team. His management style resonates with the values and culture of Tribeca, making him an excellent fit for our organization.”

“Tribeca is currently in an accelerated growth phase, and I am confident that Rajat is the ideal person to spearhead the business to new heights during this pivotal time.”

On his appointment, Rajat said “I am excited and honored to join a prestigious brand like Tribeca, renowned for delivering the finest real estate products and living experiences. It’s an incredible opportunity to work with Kalpesh and the talented team at Tribeca towards the continued success and growth of the company.”

Mr. Khandelwal holds a PGDM in Finance and Marketing from the prestigious IIM Kozhikode and a B.E. in Mechanical Engineering from SGSITS, Indore. As the real estate landscape continues to evolve, Tribeca developers look poised for a promising chapter under the new leadership.

About Tribeca Developers

Tribeca is a specialty real estate developer focused on creating world-class products and customer experiences. Tribeca pioneered the concept of branded residences in India by bringing the Trump brand to the country. Since its founding, Tribeca has become:

1. The largest developer of luxury branded residences in India
2. The largest developer of Trump-branded properties in the world, second only to the Trump Organization
3. The developer of the world’s largest rooftop terrace
4. The developer of Pune’s largest high-street retail project

Tribeca’s projects consistently sell at large premiums to its competitors. Tribeca’s projects in Pune – The Ark and YOO One sell at 25-40% premiums over competing projects, including projects by some of India’s largest developers. Similarly, Tribeca’s Trump Towers Delhi NCR projects sell at 30-40% premium to the market. Tribeca Highstreet, Pune’s largest high street retail project commands the highest rents in the micro market and houses top Indian and global retail brands such as Starbucks, McDonalds, Shoppers Stop, Croma, Westside, Decathlon, Max, Caratlane, GAP, etc.

Currently, Tribeca is developing over 6 million square feet of branded residential projects in India with a sale value of INR. 6,000 crores and has a development pipeline of over 4 million square feet.

Tribeca is supported by some of the largest financial institutions of the country including ICICI Bank, HDFC Capital, Tata Capital, and KKR.

Tribeca believes in contributing towards a sustainable environment and is focused on developing responsible homes that are energy efficient and use materials and resources that don’t cause a negative impact on the environment.

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