Pune: Gera Developments appoints a professional CEO for the first time in its 52-year-old history
Pune, 26th May 2023: Gera Developments, pioneers of the real estate business and the award-winning creators of premium residential and commercial projects in Pune, Goa, Bengaluru and California, has announced the appointment of Gulzar Malhotra, as its Chief Executive Officer. For the first time in its 52 years of operations, Gera Developments has hired a professional CEO to successfully drive company’s operations with continued focus on customer centricity. This is a big move considering that the company is at an inflection point of witnessing exponential growth in the Pune realty market and transformational changes within the organisation. Gulzar Malhotra will report to Rohit Gera, Managing Director, Gera Developments.
Commenting on the CEO appointment, Mr. Rohit Gera, Managing Director of Gera Developments, said, “We are excited to welcome Gulzar Malhotra as our first CEO. Mr. Malhotra brings with him a wealth of experience in the real estate industry, having previously held leadership positions in several prestigious companies. Gulzar’s comprehensive understanding of the development value chain, from project feasibility to construction management and sales, real estate advisory & valuation positions him well to steer Gera Development’s to scale greater heights. It is a milestone for any family business when the mantle is
handed over to a non-family member to take the business to greater heights. I am confident that his strategic approach, coupled with his ability to motivate and communicate, will contribute significantly to our continued growth and success. I wish him all the best as he embarks on this journey of steering the company to create a sustainable business with sales and profit growth and value for all stakeholders in the coming decade.”
“I am delighted to join Gera Developments which has been at the forefront of driving innovation in the real estate industry for over five decades,” said Mr. Gulzar Malhotra, the company’s newly appointed CEO. “It’s an honor to get an opportunity to lead this exceptional team, which has augmented Mr. Rohit Gera’s vision over the years. I look forward to building upon Gera Developments’ brand philosophy of Let’s Outdo whilst embracing the company’s core value of always putting the customer first. Collectively, we shall continue to innovate, create and deliver quality with a focus on trust and transparency. Over the years, integration of technology across the development value chain, has helped us in redefining real estate industry standards and we shall continue to improvise on the same to create bespoke spaces which enhance our customer’s living experience.”
With over two decades of experience across the entire real estate value chain from concept to delivery, Gulzar Malhotra brings a wealth of knowledge of development, finance, risk management & advisory across asset classes. As a part of the senior management of various national & multinational organizations, he has demonstrated exceptional leadership skills & business acumen. His understanding of real estate & methodical approach to development has aided in devising & implementing efficient organizational systems and processes which have optimized project evaluation, cash flow management, sales & marketing, construction planning and resource management.