Development Director

Department / Division

Business Development

External Interface

(Enlist external agencies/authorities that you are required to deal with while discharging your duty)

• Government/ regulatory authorities/ statutory/ law enforcement agencies
• Architects/ Consultants / vendors / PMCs
• Bankers
• Contractors and Vendors
• Investors / Shareholders
  

Minimum Qualification

(i.e education, training etc.)

• MBA + Btech or Architecture
  

Minimum Experience

• 18 years+ of experience in real estate/Project Management Consultants.
• Experience of heading a business or a vertical
• 360 degree perspective of business functions
  

Special Skills/Attributes

(required for performing the job effectively)

• Good business acumen with overall understanding of the Project management life cycle
• Good exposure to cash flow management, funding for project etc.
• Strong project monitoring / management skills.
• A multifaceted person with exposure to business development, land transactions, legal & finance.
• Understanding of all approval process related to construction.
• Excellent leadership and people skills to drive various projects.
  

Overall Purpose/Objective

Of the job

To lead end-to-end project development by aligning business strategy with execution excellence. The role is responsible for understanding the strategic intent of senior management for new projects, evaluating commercial viability, structuring optimal deals, securing statutory approvals, and ensuring timely delivery within approved cost and quality parameters.

The position carries 360-degree ownership — from land acquisition to project completion — while ensuring regulatory compliance, financial discipline, and strategic alignment with business objectives.

Key Responsibilities

(List major responsibilities, that you have, to achieve the key objectives)

• Understand and interpret business plans and growth strategies defined by senior management.
• Collate and assimilate all relevant data (technical, financial, legal, regulatory, market) impacting project feasibility.
• Conduct financial and commercial viability assessments including FSI potential, buildability analysis, revenue projections, IRR, and risk analysis.
• Present comprehensive development strategies to management highlighting commercial viability and risk mitigation plans.

• Identify and evaluate potential land parcels aligned with business strategy.
• Lead title due diligence, land use verification, PR card validation, reservation checks, ULC compliance, and zoning assessments.
• Coordinate with legal teams for clear title verification and documentation.
• Support negotiations and closure of land acquisition transactions.

• Structure development transactions including:
  • Joint Ventures (JV)
  • Joint Development (JD)
  • Development Agreements
  • Outright purchase models
• Drive commercial negotiations ensuring risk-balanced agreements.
• Coordinate with legal, finance, and tax teams to finalize transaction structures.

• Oversee and track approvals from relevant authorities such as:
  • Municipal Corporation
  • MIDC
  • Pollution Control Board (PCB)
  • MOEF
  • Heritage Review Committee (HRC)
  • Other statutory bodies
• Ensure timely submission, follow-up, and closure of approval milestones.
• Mitigate regulatory risks and delays.

• Guide design development in alignment with business objectives.
• Ensure optimization of FSI and development potential.
• Oversee construction progress ensuring adherence to timelines, quality standards, and safety norms.
• Coordinate with architects, consultants, contractors, and internal stakeholders.

• Prepare and monitor project budgets (land, approvals, construction, overheads).
• Track budgeted vs. actual costs and implement corrective measures.
• Ensure cost optimization without compromising quality and timelines.
• Support financial closures where required.

• Prepare periodic MIS reports for management, investors, and key stakeholders.
• Provide progress updates on timelines, costs, approvals, and risks.
• Facilitate informed decision-making through structured presentations and analysis.

• Provide strategic inputs during agreement drafting and negotiations.
• Anticipate risks and recommend mitigation strategies.