Renowned economist and former Vice-Chairman of the NITI Aayog Dr Rajiv Kumar will join the policy and advisory board of the leading luxury property consultant firm India Sotheby’s International Realty (ISIR), the company announced on Tuesday, 22 November 2022.
Dr Kumar will advise ISIR on policy and advocacy matters with the objective of promoting transparency and professionalism in the real estate sector.
Having a wide experience of working in government, academia, industry associations like the CII and FICCI and multilateral financial institutions (ADB, Manila) , Dr Kumar will also be guiding India Sotheby’s International Realty on the next phase of growth in the region including evaluation of new opportunities in the sector, said Mr Amit Goyal, CEO, India Sotheby’s International Realty.
Alumni of St Stephen College and Lucknow University, Dr Kumar has received D.Litt degrees (honoris causa) from his alma mater, Lucknow University and other institutions of higher learning. He has a D.Phil. in Economics from Oxford University (1982) and a Ph.D. from Lucknow University, India (1978).
“We are delighted to have Dr Rajiv Kumar on ISIR’s Advisory Board. He is one of the most seasoned economists in the country with wide experience ranging from industry policy making at the highest levels of the government. We are sure that with Dr Kumar on our Board, ISIR will achieve new heights,” said Amit Goyal.
ISIR has been driving policy changes on several matters like the need for circle rate recalibration, RERA changes to protect home buyers and the merits of rationalising stamp duties on real estate transactions.
Dr Rajiv Kumar added: “India Sotheby’s International Realty is a premier organisation in real estate advisory and transaction segment. We all know that the realty sector is a major driver of economic growth in the country. Transparency and professionalism are key to a healthy growth of the real estate sector and these are also the core values at ISIR. Therefore, I am delighted to join the advisory board of such a promising organisation which has over the years carved out a leadership role in the luxury real estate.”
Dr Kumar is also the Founding Director and current Chairman of the Pahle India Foundation (PIF) Delhi, which is a non-profit making policy think tank; and Chancellor of the Gokhale Institute of Economics and Politics, Pune;
In the past, he has served as a Government of India nominee on the Central Board of the Reserve Bank of India and the Central Board of the State Bank of India, Mumbai. He was also Part Time Member of National Security Advisory Board (2006-2008); and Part Time Member, Economics, Telecom Regulatory Authority India (TRAI), New Delhi (2007-2010).
He was also Economic Advisor, the Department of Economic Affairs, Ministry of Finance (1992 to 1995); he served in the Asian Development Bank, Manila for ten years (1995-2004). Dr Kumar is the author of nearly a dozen books and a well-recognized economic columnist.
About India Sotheby’s International Realty
Born from the rich heritage of the Sotheby’s Auction House, Sotheby’s International Realty (SIR) is an iconic global brand, with a legacy of quality service and unmatched expertise. The SIR network is present in 79 countries and territories with 1,000 offices and 25,000 sales associates and has achieved a record real estate global sales volume of $204 Billion in the year 2021.
The brand established its presence in India by setting up its first office in New Delhi in July 2014. It now has offices in Delhi, Mumbai, Kolkata, Bangalore, Goa, Colombo, and the mandate for the Maldives. The team in India comprises of senior private bankers and experts from real estate, hospitality and luxury goods industries who have lived and worked in various parts of India and abroad, bringing a wealth of experience which has won the trust of an affluent and exclusive clientele
