The 10 Reliable Real Estate Leaders 2023

Managing Director and Head of Real Estate Asia Pacific

A Visionary Leader in Global Real Estate

LETTER EDITOR’S

The 10 Reliable Real Estate Leaders, 2023

Spotlight on the Real Estate Titans!

DearReaders,

Intheever-evolvingworldofrealestate,stayingaheadofthecurverequiresvision,leadership,andanunswerving commitmenttoexcellence.Here,weexplorethechallengesandopportunitiesthatlieaheadforrealestate professionals.Fromsustainabledevelopmenttoemergingtechnologies,theseleadersareattheforefrontofaddressing thecriticalissuesthatwilldefinetheindustry'sfuture.Theeditionof“The10ReliableRealEstateLeaders,2023” celebratestheoutstandingcontributionsandremarkablejourneysofindividualswhohaveconsistentlydemonstrated thesequalities.

Ourcoverstory,featuringHamishMacDonald,ManagingDirectorandHeadofRealEstateAsiaPacificat BlackRock,offersaglimpseintotheremarkableinsightsandstrategiesthathavepropelledhimtotheforefrontofthe industry.HamishMacDonald’sriseintherealestatesectorhasbeennothingshortofimpressive.Astheheadof BlackRock’sRealEstatedivisionintheAsiaPacificregion,hehasconsistentlydemonstratedhisabilitytonavigate complexmarkets,harnessopportunities,anddrivegrowth.Hisvisionaryleadershiphasnotonlycontributedto BlackRock’ssuccessbuthasalsoplayedapivotalroleinshapingtherealestatelandscapeacrossAsiaPacific.

InadditiontoHamishMacDonald,thiseditionfeaturesotherprominentfigureswhohaveleftanindeliblemarkonthe realestateindustry.SankeyPrasad,PanoteSirivadhanabhakdi,FrancoPedregosa,RatneshUpadhyay,andacouple moreleaveanimpactontheindustry

Wehopethattheprofilesandinsightssharedinthiseditionwillinspirethenextgenerationofrealestateprofessionals andserveasasourceofguidanceforthosenavigatingthecomplex,dynamicworldofrealestate.Itisatestamentto theindomitablespiritandvisionoftheseindividualsthatwecontinuetowitnessthetransformationofskylines, communities,andtheveryfabricofourcities.

Thankyouforyourcontinuedsupport!

Parag Ahire PROJECT EDITOR

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BUSINESS APAC

Hamish

AVisionary Leader in Global Real Estate MacDonald

HamishMacDonaldisanamesynonymous

withexcellenceintheworldofrealestate.As theManagingDirectorandHeadofReal EstateAsiaPacificatBlackRock,oneoftheworld’s largestglobalassetmanagementfirms,MacDonaldhas carvedanindeliblemarkonthelandscapeofthereal estateindustry Thisarticletakesadeepdiveintohis illustriousjourney,hispivotalroleatBlackRockReal Estate,andhissubstantialachievementsandunwavering commitments.

AJourneyofExcellence

HamishMacDonald’sremarkablecareerinrealestate commencedin1993whenhejoinedtheesteemed Australianpropertycompany,Lendlease.Overtheyears, heascendedthroughvariousseniorpositionsin investmentanddevelopment,meticulouslyhoninghis understandingoftheintricatedynamicsoftherealestate sector.Itwasintheseearlyrolesthathisastute leadershipabilitiesbegantosurface.

In2004,MacDonaldembarkedonapivotaljuncturein hiscareerbyjoiningtheAsiaPacificteamofGECapital RealEstate.Here,hewasentrustedwiththecriticalrole ofoverseeingthefirm’srealestateinvestmentsacross thevastexpanseoftheAsiaPacificregion.Histenureat GECapitalRealEstateallowedhimtofurtherrefinehis skillsandexpertiseinrealestateinvestmentand management,whileconcurrentlybroadeninghis understandingofthenuancesoftheAsianmarket.

In2013,HamishMacDonaldassumedthemantleof ManagingPartnerandHeadofRealEstateAsiaPacific atBrookfieldAssetManagement,acompanywidely regardedforitscontributionstotherealestatesector.His leadershipatBrookfieldwasdistinguishedbyan unwaveringcommitmenttoexcellenceandavisionary approachtorealestate.MacDonald’sstrategic contributionssignificantlyelevatedBrookfield’sposition inthehighlycompetitiverealestatemarket.

WhatsetsHamishMacDonaldapartisnotjusthis extensiveexperiencebutalsohisstrongeducational foundation.HeisagraduateoftheUniversityofSydney, oneofAustralia’smostprestigiousinstitutions,and holdsadegreefromtheAustralianGraduateSchoolof Management.Additionally,heisaChartered Accountant,adesignationthatunderscoreshis comprehensivegraspofthefinancialintricacieswithin realestatemanagement.

In2017,HamishMacDonaldembarkedonan excitingnewchapterinhiscareerbyjoining BlackRock,aglobaltitanintherealmofasset management.Here,heassumedthepositionof ManagingDirectorandHeadofRealEstateinAsia Pacific,arolehecontinuestoexcelintothisday.His appointmentatBlackRockunderscoreshisstatusasa trustedandrespectedleaderintheindustry Furthermore,MacDonald’sinfluentialrolewithin BlackRockisfurtherunderscoredbyhismembership intheGlobalExecutiveCommittee,adistinctionthat reflectshisinvaluablecontributionstothe organization.

BlackRockRealEstate:AGlobalRealEstate Powerhouse

BlackRockRealEstatestandsasagloballeaderin realestateinvesting,boastingassetsunder managementthatexceedanimpressive$90billion. Thefirm’sportfolioencompassesarichdiversityof realestateassetclasses,spanningofficespaces,retail properties,industrialfacilities,residentialcomplexes, andhospitalityestablishments.Beyondmere investment,BlackRockRealEstatetakesona comprehensiveroleasaproviderofrealestate services,includinginvestmentmanagement,asset management,anddevelopment.

Thefirm’svisionisunequivocal:toascendasthe world’spremierrealestateinvestorandservices provider Atitscore,BlackRockRealEstateis committedtodeliveringexceptionalreturnstoits clientsthroughprudentinvestmentsinhigh-quality realestateassetsandtheefficientmanagementof theseassets.

HamishMacDonald’sleadershiphasplayedapivotal roleinactualizingBlackRockRealEstate’svision andmission.Hisstrategicinsights,underpinnedby vastexperienceintherealestatesector,have significantlycontributedtothefirm’sgrowthand successonaglobalscale.

AwardsandRecognition

HamishMacDonald’sexceptionalcareerhasnotgone unnoticed.Hehasreceivednumerousprestigious awardsandaccolades,eachservingasatestamentto hisextraordinarycontributionstotherealestate industry:

“RealEstateExecutiveoftheYear”(2019)byAPREA:In 2019,MacDonaldwasbestowedwiththeprestigious“Real EstateExecutiveoftheYear”awardbytheAsiaPacific RealEstateAssociation(APREA).Thisrecognition underscoreshisstandingasapreeminentexecutiveinthe realestatearena.

“50MostInfluentialPeopleinAsiaPacificRealEstate” (2020)byPropertyGuru:In2020,MacDonaldwasnamed oneofthe“50MostInfluentialPeopleinAsiaPacificReal Estate”byPropertyGuru.Thisacknowledgmenthighlights hisprofoundimpactontheindustry

“LifetimeAchievementAward”(2021)byULIAsiaPacific: In2021,MacDonaldwashonoredwiththecoveted “LifetimeAchievementAward”fromtheUrbanLand Institute(ULI)AsiaPacific.Thisaccoladerecognizeshis enduringcontributionsandfar-reachinginfluenceonthe realestatesector

TheseaccoladesareareflectionofHamishMacDonald’s exceptionalleadership,hisunwaveringcommitmentto excellence,andhistirelesspursuitofperfectioninthefield ofrealestate.

AdvocateforDiversityandInclusion

HamishMacDonald’sleadershipextendsbeyondtherealm ofrealestate;heisalsoaferventadvocatefordiversityand inclusionwithintheindustry.Herecognizestheparamount importanceoffosteringanenvironmentwherediverse

voicesarenotjustheardbutcelebrated,respected,and valued.Hiscommitmenttonurturingdiversityisnotonly commendablebutalsoimperativeforthecontinuedgrowth andprogressoftherealestatesector

ChampionofSustainabilityandResponsibleInvestment

Inadditiontohisferventadvocacyfordiversityand inclusion,MacDonaldisastaunchsupporterof sustainabilityandresponsibleinvestmentwithinthereal estatesector.Heacutelyacknowledgesthefar-reaching environmentalandsocialimpactsofrealestateandfirmly believesintheintegrationofsustainablepracticesintothe industry.Hisleadershipinpromotingresponsible investmentalignsseamlesslywiththeglobalparadigmshift towardsmoresustainableandenvironmentallyconscious realestatepractices.

HamishMacDonald’sleadershipatBlackRockRealEstate, combinedwithhisunwaveringcommitmenttodiversity, inclusion,sustainability,andresponsibleinvestment, positionshimasavisionaryleader.Heisnotmerelya luminarywhoexcelsintherealestatesectorbutalsoan activecontributorinshapingitsfuture.Hisjourney,from theearlydaysatLendleasetohiscurrentpivotalroleat BlackRock,isatestamenttohisunwaveringdedication,his comprehensiveexpertise,andhisremarkableachievements inthevastrealmofglobalrealestate.Withavisionfor excellenceandanunflaggingcommitmenttopositive change,HamishMacDonaldcontinuestoinspireandlead intheever-evolvingworldofrealestate.

Franco Pedregosa Building Smart, Sustainable, and Resilient Communities

FrancoM.Pedregosa,theFounderandCEOof

FigtreeCompanies,isavisionaryleaderdeeply committedtobridgingtherealmsofrealestate andsocialresponsibility.Hiseducationalbackground, whichincludesaBachelorofScienceinMathematicswith aminorinComputerSciencefromthePamantasanng LungsodngMaynila,alongwithhisongoingpursuitofa Master'sinEntrepreneurshipattheAsianInstituteof Management,exemplifieshisabilitytobalancerigorous educationwithpersonalgrowth.However,whattruly distinguishesFrancoishisprofoundfaithinGodandan unwaveringdesiretoharmonizeprofitandpurposewithin therealestatesector

Franco’smissioninvolvescreatingprojectsthatpromote economicprosperity,upliftcommunities,andpreservethe planet.Hisguidingprincipleistomoldafuturethatis Smart,Sustainable,andResilient,leavingbehindalegacy ofpositivechangeforfuturegenerations.AstheFounder andCEO,FrancoPedregosaisnotsimplyarealestate entrepreneur;heisanarchitectofabetterandbrighter future.

MultifacetedLeadershipatFigtreeCompanies

Francoplaysacentralroleinshapingthestrategicvision andupholdingthecorevaluesofthecompany.His responsibilitiesincludedefiningthestrategicdirection, nurturingaculturerootedinintegrity,andmaintaininga commitmenttoplacingGodatthecenterofrelationshipsas aguidingprincipleinthecompany’sethicalbusiness practices.

Withintheorganization,Francoispivotalinfosteringa cultureofinnovationandcontinuousimprovement.He emphasizestheimportanceofongoinglearningand

allocatesresourcestosupporttheprofessionalgrowthofthe team.Francoactivelypromotesthecompany’sdedicationto environmentalandsocietalresponsibility,inspiringhisteam toexplorenewideasandleveragecutting-edge technologiesthatalignwiththeorganization’svalues.

Throughhisleadershipandthefusionoffaith,innovation, andsocietalresponsibility,FigtreeCompaniesstrivesto enhanceitsprojects,consistentlypursuingavisionofbeing Smart,Sustainable,andResilient.Franco’srolesand responsibilitiesrevolvearoundaligningtheorganization withitscorevalues,drivinginnovationandgrowth,and ensuringthatthecompany’sculturereflectsitsunwavering commitmenttointegrity,faith,andsocietalresponsibility.

LeadingwithFaithandCommitment

Onhispathtobecomingasuccessfulleader,Franco encounteredsignificantchallengesthattestedhisleadership skillsandunwaveringfaith.Balancingworkandpersonal lifewasachallengeforhim,especiallyduringtheearly stagesofFigtreeCompanies.Thischallengeiscommonfor manyentrepreneursandleaders,oftenrequiringdedication andresiliencetoovercome.Franco'sabilitytonavigatethis delicatebalancedemonstrateshisdeterminationand commitment.

AnothersignificantchallengeFrancofacedwastheimpact ofeconomicdownturnsontherealestatemarket.These downturnsthreatenedtoovershadowtheindustryandposed aseriousthreattoFigtreeCompanies'strategiesand profitability.However,Franco'sfaithinGodguidedhis decision-makingprocess.Herespondedtothesechallenges bydiversifyingthecompany’sportfolioandstrategically expandingintoareasthatcateredtoaspectrumofmarket

Figtree

Companies Founder & CEO

needs.Thisdecisiondemonstratedhis adaptabilityandabilitytomaketough choicesinthefaceofadversity

Throughouthisleadershipjourney, Francoalsohadtonavigatethe complexitiesofteammanagement. Whilehewasfortunatetohavea dedicatedandcommittedteam, leadershipalwayspresentsunique challenges.Effectivelyleadingand motivatingateamtoalignwiththe company’sethosoffaithand commitmentrequiresstrongleadership skillsandtheabilitytomakepivotal strategicdecisions.

RealEstateDevelopmentwith SustainabilityatItsCore

FigtreeCompaniesismorethana typicalconsultancy;itrepresentsa visionaryapproachtorealestate developmentthatintegratesagriculture andsustainabilityatitscore.The company’sproductsandservicesstand outduetotheirdedicationtocreating harmoniousspacesthatbenefitboth peopleandtheplanet.

AtthecenterofFigtreeCompanies’ offeringsarearchitecturalmasterpieces thatserveasexemplarsof sustainability,innovation,andforwardthinking.Thesedevelopmentsgo beyondmerebuildings;theyare designedtobestrongholdsof resilience,reflectingthecompany’s commitmenttoaddressingpresent challengeswhilechartingapath towardagreener,moresustainable future.

Thecompany’smotto,“Profitwith purpose,”encapsulatesitsdedicationto unitingtheoftenseparaterealmsof profitandsustainability.Figtree Companiesoperateswithacleargoal:

toestablishhabitatsthatnotonlymeets today’sneedsbutalsoleavealastingand positivelegacyforfuturegenerations.This missionisrootedinanunwaveringfaithin God,underscoringthecompany’s commitmenttoethicalandvalues-driven businesspractices.

AHolisticApproachtoWork-Life Balance

Franco’sapproachtoachievingawork-life balancereflectshiscommitmentto personalfulfillmentandwell-being.Inhis roleasPresidentofFigtreeCompanies,he recognizesthesignificanceofsuccessfully managingabusinesswhilealsonurturinga satisfyingpersonallife.

CentraltoFranco’sequilibriumishis commitmenttohisrelationshipwithGod andhisfamily.Thiscommitmentensures thatheallocatesqualitytimetospiritual andfamilialaspectsoflife,offeringasense ofpurposeandconnectionbeyondthe businessrealm.

AnotherintegralaspectofFranco’s approachishisactiveparticipationin sports,particularlybasketball.Engagingin physicalactivitiesnotonlyfostersgood healthbutalsoprovidesamentaland emotionalreleasefromthedemandsof leadership.Sportsofferavaluableavenue forrelaxationandenjoyment,contributing positivelytohisoverallwell-being.

Franco’scapacitytoprioritizebothhis professionalandpersonallifeunderscores hisrecognitionoftheimportanceofa balancedexistence.Bynurturinghis spiritualbeliefs,cherishingmomentswith hisfamily,andstayingphysicallyactive throughsports,henotonlyexcelsasa leaderinthebusinessworldbutalsoleads contentandfulfilledlifeacrossall dimensions.Thisbalancedapproach empowershimtobringhisbestselftoboth hisprofessionalandpersonalpursuits.

TransformativeTrendsShapingthe FutureofRealEstate

Francoenvisionsthreetransformative trendsthatwillshapethefutureofthe realestateindustryintheAsiaPacific (APAC)region.First,herecognizes thegrowingimportanceofGreen BuildingCertifications.As environmentalawarenesscontinuesto rise,thereisanincreasingdemandfor certifiedgreenstructuresthatalign withecologicalresponsibility This trendcaterstoamarketpreferencefor sustainableandenvironmentally friendlyproperties.Figtree Companies’commitmenttoobtaining greenbuildingcertificationsreflects theirfaith-drivenvisionofasmart, sustainable,andresilientfuture, positioningthemasleadersinthis evolvinglandscape.

Second,Francoacknowledgesthe significantimpactofSmartCity Integration.Inthedigitalage,the conceptofsmartcitiesisreshaping urbanlivingbyutilizingtechnologyto enhancelivingstandardsandresource utilization.Francounderstandsthe potentialofthistrendintheAPAC regionandislikelytoincorporate thesetechnologicaladvancementsinto FigtreeCompanies’developments, meetingtheneedsofresidentsinan increasinglyinterconnectedworld.

Third,Francoanticipatestheriseof Mixed-UseDevelopmentsasa responsetourbancongestioninthe APACregion.Thesedevelopments offerconveniencebyseamlessly integratingresidential,commercial, andrecreationalareas.Figtree Companiesmayembracethistrendby creatingprojectsthatcatertothe demandsofurbanliving,providing residentswithmultifunctionalspaces thatenhancetheiroverallqualityof life.

CONSTRUCTION TECHNOLOGIES

A Closer Look at 10 Exciting Innovations Enhancing Productivity

Constructiontechnologieshaveemergedasa

transformativeforceintheever-evolvingfieldof buildingandinfrastructuredevelopment.With expertspredictingthatthevalueofbuildingtechnologywill skyrockettoastaggeringUS$10.5trillionbytheendofthis year,itisevidentthattheconstructionindustryis undergoingaparadigmshift.Theseinnovativetechnologies encompassawiderangeofadvancements,fromstate-ofthe-artmaterialsandsustainableconstructionpracticesto cutting-edgeautomationanddigitalization.Asthedemand forefficient,cost-effective,andenvironmentallyfriendly constructionsolutionscontinuestogrow,theexploration andimplementationofconstructiontechnologieshave becomeparamount.Inthisblog,wewilllookatthetop10 constructiontechnologiesandtheirimpactonthe constructionbusinessandtheworldatlarge.

1.Drones

●TopographicMappingandLandSurveys

●Securitysurveillance,StructureInspection,and Photography

●Marketvalue-US$1145.2million

Topographicmappingandlandsurveysaretwoofthemost significantusesofdrones.Dronesusinghigh-resolution camerasandGPStechnologycanmapandsurvey enormouslandareasrapidlyandaccurately,makingthe processfaster,safer,andmoreefficient.Theyalsoused dronesforsecurityandstructureassessment.Dronescanbe outfittedwithvarioussensorsandcameras,makingtheman effectivetoolformonitoringandinspectingvital infrastructure,includingelectricallines,pipelines,and bridges.

2.BIM

●Improvedaccuracyandcoordination

●Increasedproductivityandefficiency

●Marketvalue-US$7.9billion

BuildingInformationModeling(BIM)isadigital representationofabuilding’sphysicalandfunctional characteristics.BIMhelpsidentifypotentialissuesduring thedesignphase,reducingthechancesoferrorsand conflictsintheconstructionphase.Itstreamlines communicationandcollaborationamongprojectteams, reducesrework,andoptimizestheuseofresources.BIM canalsoenhancethequalityofabuilding,asitprovidesa comprehensiveanddetailedviewofthebuilding's constructionandmaintenancerequirements.

3.VR

●Betterconstructionmanagement

●Enhancedcommunicationandcollaboration

●Marketvalue-US$35billion

Virtualrealityhasenormouspotentialtochangethe constructionbusiness.Constructionprofessionalscanuse virtualrealitytovisualizeandmanipulate3Dmodelsof buildingblueprints,makingiteasiertospotandremedy flawsbeforeconstructionbegins.Thissystemcanalso replicatevariousenvironmentalconditions,allowing architectsandengineerstoassessbuildingstructural integrityandresiliencetonaturalcalamities.Overall,the applicationofvirtualrealityinconstructioncanimprove projectefficiency,lowercosts,andimprovefinalproduct quality

4.3Dprinting

●Efficientmaterialsusage

●Eliminatingerrors

●Marketvalue-US$5.65Billion

3Dprintingisoneofthemostpreferredandin-demand methodsinconstructiontechnologies.3Dprintingin constructionhasthepotentialtochangematerialsources. Prefabricatedmaterialscanbeprintedanddelivered directlytotheprojectsite,whichspeedsuptheconstruction process.On-site3Dprintingdecreaseswasteandcuts transportationandstoragecosts.However,constraintsin massproductionandthehighcostoflarger-scale3D printersposebarrierstothewideradoptionofthis technology

5.Robotics

●3Dprintingrobot

●Brick-LayingRobot

●Marketvalue-US$2,398.7million

Intherealmofconstructiontechnologies,Roboticsplaysa vitalrole.Itisabranchoftechnologythatdealswith creating,maintaining,andusingrobots.Robotic3D printingtechnologiesuseconsecutivelayersofmaterialto buildthree-dimensionalitems,speedingupandimproving theproductionprocess.Brick-layingrobotscanconstruct structuresusingbricksandmortarfarmorequicklythan humans,loweringthepossibilityofaccidentsanderrorson thejobsite.Itmightbeagame-changer,enablingquicker constructionandreducinglaborexpenses.

6.Blockchaintechnology

●Improveddatamanagement

●Improvedprojectmanagement

●Marketvalue-US$17.46billion

Blockchaintechnologyisadistributed ledgertechnologythathasthepotential torevolutionizedatamanagement.It enablesthecreationofatamper-proof andsecurerecordoftransactionsthat canbeaccessedandupdatedby multiplepartiesinadecentralized manner Thisensuresthatdatais accurate,transparent,andimmutable, thusimprovingdatamanagement. Usingsmartcontractsinblockchain technologycanautomateproject managementprocesses,improving efficiencyandreducingthelikelihood oferrors.Withthehelpofblockchain technology,organizationscan streamlinetheirdatamanagementand projectmanagementpractices,resulting inimprovedproductivityandbetter outcomes.

7.AI

●ProjectPlanning

●AutomatedMeasurements

●Marketvalue-US$1,831.0million

Artificialintelligencereferstothe abilityofmachinestosimulatehuman intelligenceandperformtaskssuchas decision-making,problem-solving,and learning.AIhasrevolutionizedmany industriesandisincreasinglybeing usedinprojectplanning.WithAIpoweredprojectplanning,organizations canstreamlinecreatingandexecuting projectplans,leadingtomoreefficient andeffectiveprojectmanagement.AI canautomatemeasurements,making gatheringandanalyzingdataeasierto informprojectdecisions.Thiscansave timeandresourcesandimprove accuracy.Overall,AIhasthepotential toenhanceprojectplanningand managementsignificantly

8.Wearables

●EnhancingOnsiteSafety

●FacilitatingCommunication

●Marketvalue-US$9.46billion

Wearablesareelectronicdevices,such assmartwatches,fitnesstrackers,and augmentedrealityglasses.These devicescanpotentiallyenhanceonsite safetyinvariousindustries,suchas construction,manufacturing,and healthcare.Forexample,wearable sensorscanmonitorthehealthand safetyofworkers,alertingthemto potentialhazardsandprovidingrealtimefeedbackontheirphysical condition.Inaddition,wearablescan facilitatecommunicationbetweenteam membersinremoteornoisy environments,allowingforfasterand moreefficientcollaboration.Overall, wearablesareapromisingtechnology thatcanimproveworkplacesafetyand productivity,aswellasenhance communicationandcooperationin variousindustries.

9.Greenandinnovativematerials

●deliverslong-termsustainableresults

●minimizestheharmful environmentaleffects

●Marketvalue-US$334billion

Greenandinnovativematerialsare crucialinpromotingsustainable developmentandreducing environmentalharm.Thesematerials deliverlong-termsustainableresults, whichmeanstheyarebuilttolastand reducetheneedforfrequent replacement.Byusinginnovative materialsthatareenvironmentally friendlyandenergy-efficient,wecan minimizetheharmfulenvironmental effectsassociatedwithtraditional constructionmaterials.Thisis importantbecausetraditionalmaterials oftenrequirethedepletionofnatural resources,contributingtothegrowing

environmentaldegradationproblem. Usinggreenandinnovativematerials canpromotesustainabledevelopment andbuildamoresustainablefuture forourselvesandfuturegenerations.

10.Cloud-basedcollaborationtools

●EaseofAccess

●DocumentControl

●Marketvalue-US$4.5billion

Cloud-basedcollaborationtoolshave revolutionizedthewaypeoplework together Thesetoolsprovideavirtual workspacewhereteammemberscan sharedocuments,communicatein realtime,andcollaborateonprojects fromanywhereintheworld.Oneof themostsignificantbenefitsofcloudbasedcollaborationtoolsistheirease ofaccess.Youcanloginandaccess yourfilesandworkfromanydevice aslongasyouhaveaninternet connection.Thisflexibilityallows teammemberstoworkfromhome, onthego,orevenonvacation.These toolsproviderobustdocument controlfeatures,suchasversioning andaccesspermissions,thatensure everyoneisworkingonthemostupto-datedocumentversionandthat sensitiveinformationremainssecure. Withcloud-basedcollaborationtools, teamscanworkmoreefficientlyand effectively,regardlessoflocation.

Inconclusion,construction technologieshaverevolutionizedthe industry,improvingefficiency,safety, andsustainability.FromBIMto dronesandrobotics,thesetools streamlineprocessesandreduce costs.Embracinganddeveloping thesetechnologieswillshapethe futureofconstruction,makingit moreresilientandadaptable.We hopethisblogonconstruction technologieshasprovidedvaluable insightsintotheirtransformative potential.

PanoteSirivadhanabhakdiwas

bornonOctober31,1977,in Bangkok,Thailand,to CharoenSirivadhanabhakdi,a prominentfigureinThailand’swealth landscape.Panote’sjourneytowards becomingtheGroupChiefExecutive OfficerofFrasersPropertyLimited startedwithhisearlylifeinThailand andhiseducationalpursuitsinthe UnitedStates.

EducationAbroad

Tolaythefoundationforhisfuture endeavors,Panoteventuredtothe UnitedStatesforhishighschooland collegeeducation.In2000,heproudly graduatedfromBostonUniversitywith aBachelorofSciencedegreein ManufacturingEngineering.His academicjourneyreacheditspinnacle withaMasterofSciencedegreein Analysis,Design,andManagementof InformationSystemsfromthe prestigiousLondonSchoolof EconomicsandPoliticalSciencein 2005.

ALeader’sAscent

Followinghiseducationaljourney, PanoteSirivadhanabhakdijoinedthe familybusiness,ThaiBeveragePlc., whereheembarkedonajourneyof leadershipandgrowth.Hissignificant

contributionsincludedtheroleof ChiefExecutiveOfficerofThai BeveragePhilippines,settingthe stageforhisfutureleadershiproleat FrasersPropertyLimited.

FrasersPropertyLimited:A GlobalRealEstatePowerhouse

In2014,PanoteSirivadhanabhakdi wasappointedastheGroupChief ExecutiveOfficerofFrasers PropertyLimited.Underhis visionaryleadership,thecompany experiencedexponentialgrowthand hasnowevolvedintooneofthe mostinfluentialrealestate developersinAsia.

GlobalPresence

FrasersPropertyLimited’sreach spansacrossAsia,including Singapore,Thailand,China, Vietnam,Australia,andtheUnited Kingdom.Thecompanyisa multifaceteddeveloper,creating diversepropertytypes,suchas residential,commercial,retail, industrial,andhospitality

SustainableValuesandInnovative Solutions

Thecompany’svisionisclear:tobe aleadingglobalrealestatecompany

thatcreatessustainablevalueforitsstakeholders.Its missionistoprovideinnovativerealestatesolutions thatcatertotheuniqueneedsofitscustomersand communities.PanoteSirivadhanabhakdi’sleadership hasbeeninstrumentalinmakingthisvisionareality, andheremainssteadfastinhiscommitmenttothis cause.

HonorsandAchievements

PanoteSirivadhanabhakdi’sremarkableachievementsin therealestateindustrywererecognizedin2022when hewashonoredasAsia’sTopCEObyInfluential Brands.Thisaccoladeunderlineshisexemplary leadershipandtheprofoundimpacthehashadonthe sector

EducationalandIndustryEngagement

BeyondhisroleatFrasersPropertyLimited,Panote activelycontributestotherealestatelandscape.He servesasamemberoftheBoardofTrusteesat SingaporeManagementUniversityandispartofthe ManagementCommitteeofREDAS(RealEstate Developers’AssociationofSingapore).

KeyMilestonesinaRemarkableCareer

1.TransformingFrasersProperty:Panote’svisionary leadershiphastransformedFrasersPropertyintoa leadingglobalrealestatedeveloper,pushingthe boundariesofinnovationandsustainability

2.IconicProjects:Histenurehasseenthecreationof iconicprojectssuchastheJewelChangiAirportin SingaporeandtheRiversideQuayinVietnam,setting newbenchmarksintheindustry.

3.GlobalExpansion:Panote’sleadershipfacilitatedthe successfulexpansionofFrasersPropertyintonew markets,includingAustraliaandtheUnitedKingdom, broadeningitsglobalfootprint.

4.SustainabilityAdvocate:Heisachampionof sustainabilityandinnovationintherealestateindustry, guidingFrasersPropertytowardsresponsible developmentpractices.

5.Asia’sTopCEO:HisrecognitionasoneofAsia’stop CEOsreaffirmshisexceptionalleadershipinthereal estatesector

PanoteSirivadhanabhakdistandsasa visionaryleader,pioneeringtherealestate industrywithadedicationtosustainability andinnovation.Hiscommitmenttomeeting thediverseneedsofpeopleandcommunities inspiresnotonlytherealestatesectorbut alsothebroaderworld,wherethefutureof realestatedevelopmentharmoniously coexistswiththeneedsoftodayandthe aspirationsoftomorrow AstheGroupChief ExecutiveOfficerofFrasersProperty Limited,hecontinuestopavethewayfora futurewhererealestatedevelopment resonateswiththeessenceofprogress.

Ratnesh Upadhyay

Understanding Through The Eyes Of Problem Solver

Overthelastfewyears,thereal estateindustryhasundergone manychanges.Thesechanges happenedduetothevariousfactorssuch asRERA,Demonetization,andGST Currently,Indianrealestateisgoing throughafluxwhichishelpingitto transformintoamorematureindustry Also,thefactcan’tbeignoredthatitis facingaliquiditycrisisandmany buildersareonthevergeofclosing downtheirbusinesses.Duetothe downfallinIndianrealestate,itis estimatedthatonly20-30%ofbuilders willsurvivethisphase.Further,to surviveandimprovethecurrent situation,builders’needstobemore customerorientedwheretheyneedto focusmoreonaftersaleservices.Going forward,post-salesservicewillplaya crucialroleinthemakingabuilder successful.Moreover,customer relationshipwillbehighlyvalued. Providingpropertymanagementservices andrentingsupporttothebuyerswill becomeamustforallthedevelopers.

Tofurtherunderstandtheinsightsabout therealestateindustry,ourteamof businessAPAChadrecentlyinterviewed withRatneshUpadhyay.Heisamongst oneoftheexcitingnewagerealestate industryleader.Herearesomeofthe extracts.

IdentifyingtheWastageandDefects

Being a leader in the real estate industry, what are the current challenges you are facing?

IhaveseenthatIndianrealestateisfull ofwastageanddefects.Ifyoulookat anypartofthevaluechain,youwillsee alotofwastage.Today,eventhelastpart ofthevaluechain,whichisaboutthe salesprocessandthepost-salesservices, isinaverybadsituation.Buttoday’s developersarewakinguptothenew changedenvironment.Toovercome thesedrawbacks,weworkcloselywith builderstohelpthemidentifythese wastageanddefectstoenablethemto buildbetterproductsandsellthemat higherprofits.

E,g:Weseealotofleadwastageinthe salesprocess&evenintheproduct design,weseezeroorverylittle involvementofthecustomerclass.At thestageofgivingpossession,recording defectsandrectifyingthemisnearnonexistent.Thisleadstodissatisfactionand poorcustomerexperience.

AJourneyofProblemSolver

What inspired you to start your journey in the Real Estate Industry?

Well,Istartedmycareerasasoftware engineerwithTechMahindraandworked therefor8years.Workingwith TechMahindrahelpedmegainingavery goodexposuretobusinessprocessesand ITcapabilities.WhileIwasintheUK,I workedontheBritishTelecomproject. MyjourneyinrealestatestartedwhenI andmyfriendswhowerestayinginUK weretryingtofixthepropertyrenting andmanagementproblem.Alotof softwareworkingprofessionalshad broughtpropertiesinPuneandwewere facinglotofproblemswhiletryingto rentthemandmanagethemfromabroad. Astheysay,ifweseethroughtheeyes ofproblemsolver,wecantacklethe problemwithease.Thisproblemledme tostartLisaHomeSolutionstohelp peoplelikeuswhowerefacingsimilar problems.

UnmatchedServicesatBestPrice

Please tell us something about Lisa Home Solutions.

LisaHomeSolutionsisacompanythat wasstartedbysoftwareprofessionalsfor softwareprofessionals.Weunderstood theproblemthatonefaceswhiledealing withlocalagentsandserviceproviders. Understandingtheproblem,wehave developedasolutionforHassle-free renting.Theuniquefeatureaboutusis thatwehavebuiltthecompleteIn-house ITsolution.Weprovide5service packagesthatarebundledbasedonthe landlord’sneed;FromCoreRenting Solutionsforentry-levelinvestorsto TotalInvestorSolutionsforProfessional Investors.Weprovideunmatched servicesandatthebestprice.

RealEstateFocusedSoftwareSolution

What makes your company unique in the industry?

Weweretheamongstthefirstrealestate companieswhohavedevelopedand launchedvariousrealestatefocused softwaresolutions.Westrivehardto

deliveron3mainfronts:SafetyofAsset, ReturnonInvestment&Hassle-free Management.Wehavedevelopedsome industrybest-practicestoserveour landlordsandinvestors.Herearesomeof ouruniquesolutions

Ÿ Wearethefirstonlineproperty managementcompanyestablishedin 2005.

Ÿ Firsttoprovideonlinelandlord account.

Ÿ Firsttolaunchpropertymanagement app.

Ÿ Launchedrealty360abuilderproject managementplatform.

Ÿ Welaunchedrealtycpapptoconnect agentsonaninternalnetwork.

Ÿ Welaunchedvendorappforvendors whoworkforpropertymanagement work.

Ÿ Firsttolaunchrealestateagent collaborationplatform.

Ÿ Welaunchedrealestatenewsapp.

ProvidingMoreJobsandBetter Services

Can you please enlighten us with your key roles and responsibilities as the founder of Lisa Home Solutions?

AstheCEOandFounderofthe company,mykeyresponsibilityistogo onincreasingtheprofitofthecompany andkeeponimprovingcustomerservice whileimprovingmargins.Myother responsibilitiesaretoincreasethe standardofpropertymanagement servicesinPunebyremovingthe wastagesanddefectsinthesector.We workcloselywithmanyrealestate agentsandevenhelpthemtoimprove

theirbusinessprocesses.Ibelievethatif allthestakeholdersandplayersinIndian realestateworktowardsremovingthese problemsfromtherealestateindustry, wecancontributemoretowardsIndian GDPandprovidemorejobsandbetter servicestohomeowners.

KeepingtheMilestoneSimple

Please tell us about your team culture of the company and also about your milestone for the year 2020?

Tobeginwithmyteam,Ihaveateamof youngsterswhobelieveinourvisionof defect-freeandwastage-freeIndianReal Estate.Ibelieveweareabunchof energeticandfriendlypeoplewhoare tryingtoprovideaservicethatishigh quality,promptandfriendly.Talking aboutmilestones,webelieveinkeeping yourmilestonesimple.Wewantto doubleourprofitsnextyearandalsoadd afewmoreagentsinournetwork ensuingbothdiversityandgrowthatthe sametime.

QualityofManpower

What are the different challenges you and your company facing right now? How are you planning to overcome them?

Ibelievechallengesarepartandparcel ofeveryorganisationandwhatmakesan organisationdifferentishowyoudeal withthosechallenges.Intheservice industry,themostcommonchallengeis thequalityofmanpower.Buildersand developerswhobelieveinservinga

Today, the situation of Indian real estate industry is worrisome.

Going forward, it will change by making small efforts and focusing more towards a completely customer based service.

qualityservicetoitscustomersandare willingtoputextraeffortsinprovidinga betterqualityservicesinordertoachieve itwillmakethedifferenceinthe industry Weareplanningtoovercome thisviabettertrainingandrewardsfor the “Customer Champions”

RealEstate:TheBiggestInvestment Class

To end this insightful interview on a good note, we would like to you share any message or suggestion to our readers from your side.

Ihadanamazingtimetalkingaboutthe realestateindustry Toend,Iwouldlike tosaythatIndianrealestateisgoingto getbetterinthecomingdays.Realestate isstillbiggestinvestmentclassallover theworld.Ithasbeenalwaysadecent investmentclass.Rightnowthe sentimentsandconfidencearelowbut thisisjustaphasesinceIndiastillhasa lotofdemandforhousing.Soifyouget agooddealwithareputeddeveloper,go aheadandbuyit.Also,ifyouneed assistanceinmanagingandrentingyour premises,letusknow.

TOP10REALESTATELEADERS

KnowWho’sDominatingtheMarketin2023?

Therealestateindustryisadynamic

andever-evolvingfield,influencedby adiverserangeoffactors,including markettrends,economicconditions,and technologicaladvancements.Asweventure into2023,itbecomesimperativetoidentify thetoprealestateleaderswhohaveshown exceptionalskills,innovation,andadaptability withinthiscompetitivelandscape.These visionaryindividualshavenotonlyshapedthe industrybuthavealsoleftanindeliblemark onthewayweperceiveandinteractwithreal estate.Throughtheirunwaveringcommitment toexcellence,thesetoprealestateleaders haveemergedastrailblazers,settingnew standardsandtransformingthewaywebuy, sell,andinvestinproperties.Inthisblog,we willdelveintotheprofilesofthesetop10real estateleaders,whichhavepropelledthemto theforefrontoftherealestateindustryin 2023.

1.RichardBarton

●Company:ZillowGroup

●Foundingyear:2004

●Designation:Co-founderandCEO

RichBarton,ahighlyinfluentialindividual,securesthe topspotamongthetop10realestateleaders,boastinga remarkablenetworthofUSD$2.5billionin2023. Demonstratingexceptionalentrepreneurialprowess, Bartonco-foundedandservedasCEOofExpedia,an onlinetravelcompany,spearheadingitsremarkable expansion.Subsequently,heventuredintothereal estatedomain,foundingandleadingZillow,a renownedrealestatemarketplacethathasemergedasa significantindustryplayer.

2.GlennSanford

●Company:eXpWorldHoldings

●Foundingyear:2008

●Designation:Founder&CEO

AsthefounderandCEOofeXpWorldHoldings,Glenn Sandfordstandsoutasoneofthetoprealestateleaders.His exceptionalcareerhasbeencharacterizedbyoutstanding leadershipandatrackrecordofaccomplishment.Sanford’s visionarymindsethasearnedhimindustryaccoladesand substantialfinancialgains,withanetworthsurpassingUSD $640million.Withhisentrepreneurialexpertiseand strategicguidance,GlennSanfordispropellingeXpWorld Holdingstonewheightsofsuccess.

3.RobertReffkin

●Company:Compass

●Foundingyear:2012

●Designation:Co-founder&CEO

RobertReffkin,astheco-founderandCEOofCompass,a notablerealestatetechnologycompany,hasplayeda pivotalroleinitsremarkablegrowth.Compassstandsasa formidablepresence,harnessingthepoweroftechnologyto empoweragentsandsimplifythehome-buyingandselling experience.WithanetworthsurpassingUSD$500million, RobertReffkin’sunwaveringcommitmenttoinnovation andhisexceptionalleadershipskillshavefirmlyestablished himasadistinguishedfigureinthebusinesslandscape.

4.AndyFlorance

●Company:CoStarGroup

●Foundingyear:1987

●Designation:Founder&CEO

AndyFlorance,founder,andCEOofCoStarGroup,hasa networthofoverUSD$279.71million.Underhis

guidance,CoStarGrouphasbecomealeadingproviderof commercialrealestateinformationandanalytics.His exceptionalleadershiphasbeeninstrumentalinCoStar Group’sgrowthandestablishmentasatrustednameinthe industry.

5.GaryKeller

●Company:KellerWilliamsRealty

●Foundingyear:1983

●Designation:Founder&ExecutiveChairman

GaryKeller,adistinguishedindividualrenownedforhis outstandingachievementsandexceptionalleadership abilities,securesthe5thspotamongthetop10realestate leadersinthisblog.Witharemarkablenetworthsurpassing USD$200million,Keller’sexpertiselieswithinthereal estateindustry.In1983,heplayedapivotalroleincofoundingKellerWilliamsRealtyInternational,arealestate franchisethathassinceflourishedintooneofthelargest andmostprosperousglobally.

6.PhilSoper

●Company:BridgemarqRealEstateServices

●Foundingyear:2010

●Designation:CEO

In2002,PhilSoperassumedtheroleofCEOat BridgemarqRealEstateServices,propellingthecompany toamarketcapitalizationofUSD$140.46million.Withhis vastindustryexperienceandexpertise,Soperactively guidesthecompanytowardsuccess.Hisexceptional leadershiphasresultedinsubstantialgrowthfor Bridgemarq,solidifyingitspositionasareputablenamein therealestatemarket.

7.GinoBlefari

●Company:HomeServicesofAmerica,Inc.

●Foundingyear:1998

●Designation:PresidentandCEO

GinoBlefariistheCEOofHomeServicesofAmerica,Inc., aprominentrealestatecompany.Blefari'sHomeServicesof America,Inc.wasappointedasCEOin2019.Underhis guidance,thecompanyhasachievedsignificantmilestones andexpandeditsmarketpresence.Blefari’snetworth exceedsUSD$100million,solidifyinghispositionasa highlysuccessfulandinfluentialbusinessleaderinthereal estateindustry.

8.AnnettaPowell

●Company:InfinityPropertiesGroup

●Foundingyear:1992

●Designation:FounderandCEO

AnnettaPowellisahighlyaccomplishedandinfluentialfigure inthebusinessworld,knownforherexceptionalprofessional lifeandremarkableleadershipskills.Withanetworth exceedingUSD$50million,AnnettaPowellreflectsher businessacumenandservesasatestamenttoherremarkable achievementsintheindustry.

9.RyanSchneider

●Company:AnywhereRealEstate

●Foundingyear: 2006

●Designation:CEOandpresident

RyanSchneiderhasestablishedhimselfasaprominentfigure inthecorporateworldandiscurrentlyservingastheCEOof RealogyHoldingsCorp.,aleadingrealestateservices company.HebecameCEOin2017.Andsincethen,hehas playedanimportantroleinshapingthecompany’ssuccess andgrowth,whichreflectsinhisnetworthofoverUSD$33.3 million.

10.HoddyHanna

●Company:HowardHannaRealEstateServices

●Foundingyear:1957

●Designation:CEO

Concludingourlistofthetop10realestateleadersisHoddy Hanna,ahighlyesteemedfigureintheindustry.Knownfor hisexceptionalprofessionalachievementsandexemplary leadershipabilities,Hannahasamassedanetworthexceeding USD$5.3million.Throughhisexceptionalleadership,Hanna notonlyachievespersonalsuccessbutalsoempowers individualswithinhisorganizationtoflourishandreachtheir maximumpotential.

Wehopethisblogonthetop10realestateleadersin2023has shedlightontheremarkableindividualswhohavemade significantcontributionstotheindustry.Byshowcasingtheir expertiseandinnovativeapproaches,weaimedtoprovide readerswithvaluableinsightsintothedynamiclandscapeof realestate.Tostayup-to-datewiththelatesttrendsandtopics, weencourageyoutokeepreadingourblogs,wherewewill continuetodeliverengagingandinformativecontentona diverserangeofsubjects.

Sankey Prasad Leading the Way in Indian Commercial Real Estate

SankeyPrasad,theCEOofColliersIndia, standsasadistinguishedfigureintherealm ofcommercialrealestateserviceswithinthe country Withaprofessionaljourneyspanningover 25years,Prasadiswidelyrecognizedasanexpertin theintricaciesoftheIndiancommercialrealestate market.

EarlyLifeandEducationalBackground

SankeyPrasad’srootstracebacktoBangalore,India, wherehespenthisformativeyears.Hisjourneyin academiatookhimtotheprestigiousNational InstituteofTechnologyKarnataka,whereheearned adegreeincivilengineering.Helaterfortifiedhis educationalfoundationwithaMasterofBusiness AdministrationdegreefromtheIndianInstituteof Management,Ahmedabad,propellinghimtowardhis illustriouscareerintherealestateindustry.

Career

Prasadembarkedonhiscareerincommercialreal estatein1996,steppingintothecorridorsofColliers Indiaasaconsultant.Overtheyears,hehas ascendedthroughtheranks,assumingvarious leadershiproleswithinthecompany.Hisrelentless dedicationandexceptionalprowessculminatedin hisappointmentastheCEOin2018.

ColliersIndia

ColliersIndiaholdsapreeminentpositionasa leadingcommercialrealestateservicescompanyin thenation.Thefirmoffersacomprehensivesuiteof servicesencompassingbrokerage,consulting, valuation,andprojectmanagement.Withavastteam ofover500professionalsspreadacross12officesin India,ColliersIndiapossessesaformidablepresence intheindustry.

VisionandMission

ColliersIndiaisguidedbyaresolutevision–tolead thecommercialrealestateservicessectorinIndia. Thecoreoftheirmissionistoempowerclientsto achievetheirbusinessobjectivesbyprovidingthem withcutting-edgerealestatesolutionsthatenhance valueandinnovation.

Services

TheportfolioofservicesofferedbyColliersIndiais extensive,cateringtoadiverserangeofneedsinthe commercialrealestatearena:

1.Brokerage:ColliersIndia’sadeptbrokerageteam aidsclientsinthebuying,selling,andleasingof commercialrealestateproperties.

2.Consulting:Theconsultingdivision extendsstrategicadviceonanarrayofreal estatematters,includingportfoliostrategy, marketanalysis,andfeasibilitystudies.

3.Valuation:Thevaluationteamfurnishes clientswithpreciseandreliableappraisals oftheircommercialrealestateassets.

4.ProjectManagement:Theproject managementexpertsatColliersIndiaassist clientsintheefficientmanagementand executionofdevelopmentandconstruction projectswithinthecommercialrealestate domain.

Achievements

SankeyPrasadisaluminaryintheIndian commercialrealestatesector.His unwaveringdedicationtoexcellencehas garneredrecognitiononnumerous occasions.In2013,hewashonoredasone ofthe“40Under40”byTheEconomic Times.In2015,hereceivedtheprestigious “YoungCEOoftheYear”awardfromCEO India.

UnderPrasad’sdynamicleadership, ColliersIndiahasflourished,registering substantialgrowthandsuccess.The

companyhasconsistentlyclinchedthe titleofthenumberonecommercialreal estateservicesproviderinIndia,as recognizedbyTheEconomicTimesfor thepastthreeyears.

Furthermore,SankeyPrasadisan ardentadvocateforsustainable developmentwithintheIndian commercialrealestatesector.He championsthecauseofdiversityand inclusion,fosteringanequitable workplaceenvironment.

SankeyPrasadepitomizesa consummateleaderintheIndian commercialrealestatelandscape.His unwaveringcommitmenttooffering thefinestrealestatesolutionsto clients,coupledwithhisdedicationto fosteringsustainablegrowthwithinthe industry,setshimapartasavisionary inthisdynamicsector.

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