Godrej Properties appointed Gaurav Pandey as CEO, succeeding Mohit Malhotra| Roadsleeper.com

Godrej Properties appointed Gaurav Pandey as CEO, succeeding Mohit Malhotra| Roadsleeper.com

Godrej Properties Limited (GPL) has appointed Gaurav Pandey as the new Managing Director and Chief Executive Officer, effective January 1, 2023, the company said in a BSE filing on August 2.

Mohit Malhotra will be succeeded by Gaurav Pandey who is currently the head of North Region of Godrej Properties.

Gaurav Pandey has been a part of GPL for five years. He joined in February 2017 as a business director and from April 2021 he was appointed as the CEO of the North Zone of GPL. He has more than 17 years of experience in the real estate sector. He is interested in the region and believes that it will be a key growth factor for the Indian economy.

Prior to joining Godrej, Gaurav was the Chairman of Burman GSC, a joint venture of the Burman family and Golden State Capital. He is also the Vice President and Head of Research & Advisory for an Indian real estate research firm, PropEquity, and advises private equity funds, mutual funds, foreign institutional investors, developers, NBFCs and banking and real estate investment in India. He has co-hosted a property show with NDTV. Gaurav is also part of the Management Committee of Ascendas India.

He is an Economics Honors graduate from Delhi University and did post-graduate studies at Indian Institute of Management (IIM) Kozhikode.

He is part of the Management Committee of GPL and serves on the Real Estate Committee of FICCI.

He was recognized as the ‘Real Personality of the Year’ by the Economic Times at the 2022 Real Estate Conclave & Awards (North).

Commenting on the change in leadership, Pirojsha Godrej, Executive Chairman – Godrej Properties, said: “I am delighted that we are appointing Gaurav as the Managing Director and Chief Executive Officer. The strong nature of his handed over as the CEO of our business in the North Zone combined with his passion and leadership, makes him ideal for this role. We believe that the opportunity in the Indian retail sector is huge and that Godrej Properties has placed the well positioned to strengthen his position in the industry. I look forward to Gaurav’s guidance in charting the next growth strategy for Godrej Properties.”

“I would like to thank Mohit for the important role he has played in creating the transformation of Godrej Properties over the past 12 years. I appreciate his partnership with his leadership and wish him all the best for the future,” he added.

Commenting on the appointment, Pandey said he was grateful to the Board and honored to have this opportunity.

“I am grateful to the Board and honored to have this opportunity to lead the next phase of growth for Godrej Properties. We have strong ambitions for our company and we would like to build on the legacy of the Godrej Group. I am excited about the opportunity .that’s ahead and we look forward to working with our amazing team to create sustainable, long-term value for all of our stakeholders,” he said.

Mohit Malhotra said he had a wonderful 12 years at GPL.

“I am very proud of what we have been able to achieve as a team at Godrej Properties during my tenure as CEO in the last 5 years. In total it has been a wonderful 12 years at GPL. I am deeply grateful for the trust The hearts of our shareholders and the Godrej family have been instilled in me over the years. As I embark on the next business phase of my career, I am happy to hand over our CEO to Gaurav. working with him, I am confident that he will guide Godrej Properties to continued growth in the years to come,” he said.

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