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Hans India
3 days ago
- Business
- Hans India
World Environment Day: Role of Project Management in Environmental Stewardship
January 2025 was the warmest year since record-keeping began, highlighting that climate change is not only palpable but also accelerating. Combating climate change requires global action, including adopting sustainable practices and transitioning to green technologies. Project managers, the beating heart of projects big and small, are crucial to this ongoing transition. They help maximise project success to elevate the world. Mr. Amit Goyal , Managing Director for South Asia at PMI , shared his insights on the pivotal role of project managers in advancing sustainability and combating climate change. With his extensive experience in fostering impactful collaborations across industries, he highlighted how project professionals can drive green initiatives, ensuring environmental stewardship while shaping large-scale infrastructure projects that align with global sustainability goals. The Heart of Every Project Project managers are at the core of every project. They coordinate the efforts of dozens, and often thousands of professionals and workers. They manage project timelines, procurement, budgeting, and more. Their position gives them the unique responsibility and opportunity to ensure projects are completed in the most sustainable manner and with minimum impact on the environment. Projects Begin with Project Managers A project manager skilled in environmental stewardship takes ownership of a project before anyone else. For instance, most projects, particularly those involving infrastructure, begin with an environmental assessment. A project manager makes this assessment by identifying potential environmental risks and impacts the project may have. Project managers use different sources and methods for this analysis, including Environmental Impact Assessments (EIA), Environmental Management Plans (EMPs), Environmental Risk Registers, Environmental Checklists, and Environmental Audits. Compliance, Regulations, and Stakeholders Following an environmental assessment, the manager handles compliance and regulations. Managers ensure the project complies with environmental laws, regulations, and standards. In addition, they obtain the necessary permits and certificates. Subsequently, they develop an environmental management plan (EMP) outlining specific measures to mitigate a project's environmental impact. They also engage with key stakeholders, including local communities, government agencies, and environmental groups. By engaging and working with stakeholders, they address concerns and incorporate feedback to ensure the project meets everyone's expectations. Since project managers oversee so many professionals and workers, they're also responsible for imparting training to others working alongside them. A project manager's expertise proves invaluable, helping mitigate a project's environmental impact as much as possible. And since project managers are the nucleus of every project, they constantly receive information, including real-time data flows, concerning an initiative's environmental impact. They monitor this data, verifying everything remains within environmental targets, which is vital for continuous improvement and accountability. In India, project managers have assessed the environmental impact of major projects, including the Bangalore Metro Rail Project and the Rewa Ultra Mega Solar Project. They've also undertaken an EIA of the Nagpur Metro Rail Project by evaluating the effect of construction and traffic congestion on the city's air quality. The Kochi Metro underwent a similar assessment. Demand for Project Managers Skilled in Environmental Stewardship As the fight against climate change continues alongside ambitious infrastructure projects, the demand for project managers skilled in environmental stewardship will continue to grow. The Indian government has vast infrastructure projects underway and in the pipeline. For instance, the Bharatmala Pariyojana envisions completing 26,000 kilometres of economic corridors and will transform logistics in India. Project managers with expertise in environmental stewardship will continue to play a vital role in this project for years. Project management professionals will also be needed to reduce the environmental impact of the ambitious bullet train project connecting Mumbai to Ahmedabad. Other massive projects, including the Western Dedicated Freight Corridor and Delhi-Mumbai Expressway, will also need project managers skilled in environmental stewardship. Furthermore, as the AI race heats up worldwide, demand for project managers skilled in sustainability will continue accelerating. Realising the Potential of AI Project managers will achieve the potential of artificial intelligence (AI), and help reach the goal of artificial general intelligence (AGI). Globally, there's a headlong race to build data centres to reach AGI before rival powers. The enormous computational demands of AI mean leading nations are building vast data centres, each requiring enormous energy. According to experts, the US alone needs 90 Gigawatts (GW) of additional power for data centres. To put this number into perspective, 1 GW is roughly equivalent to an entire city's energy needs. India has ambitious plans to build a 10 GW data centre. These massive facilities must be built and powered sustainably, necessitating the need for environmentally astute project managers. Certified Project Management Professionals In an era where economic growth and sustainability are inseparable, certified project management professionals with expertise in environmental stewardship will remain essential. They'll bridge the divide between robust growth and safeguarding nature. For Indian youth and professionals, the ongoing construction of infrastructure projects, data centres and supporting structures, coupled with the transition to sustainable technologies, presents an enormous opportunity. By acquiring a project management certification that trains them to balance growth while safeguarding nature, India's youth and professionals can put their careers on a higher growth trajectory. Moreover, in a rapidly growing economy like India, demand for such experts will remain upbeat for decades in multiple arenas, making project management a long, rich, and financially rewarding career. Conclusion: Shaping a Sustainable Future Through Project Management Project management has evolved beyond traditional metrics of time, cost, and scope to embrace environmental stewardship as a core responsibility. As climate challenges intensify, project managers stand at the forefront of implementing sustainable solutions across sectors. By acquiring project management certification that trains them to balance growth while safeguarding nature, professionals can position themselves for career advancement while contributing meaningfully to environmental preservation. In rapidly growing economies like India, demand for such experts will remain strong for decades across multiple sectors, making project management with an environmental focus a long, rich, and financially rewarding career path. The future of our planet increasingly depends on project managers who can deliver results while protecting our shared environmental heritage.
Business Mayor
22-05-2025
- Business
- Business Mayor
ASK curated luxury assets fund raises Rs 500 crore
The fund plans to immediately start deploying as per its investment strategy and aims to raise a total of Rs 1,500 crore, including a green shoe option of Rs 500 crore, towards its final close. 'We have industrialists, eminent professionals, family offices, and discerning HNI investors who have participated in the funding round. With the luxury residential market now entering a more mature phase, and the initial exuberance beginning to stabilise, we are confident of striking smarter, better-valued deals with landowners and developers alike,' said Amit Goyal, MD, India Sotheby's International Realty. Registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund under the SEBI AIF Regulations, it is a collaboration between ASK property fund, the real estate arm of the Blackstone-backed ASK asset & wealth management group and India Sotheby's International Realty (SIR). 'This positions us to unlock high-impact opportunities at the right value, maximising the upside potential for our investors. Over the last eight years, we have executed hundreds of prime land transactions across India. Leveraging this deep market insight and transaction expertise, we will now focus on luxury developments featuring serviced residences in selected micro-markets with strong, sustainable demand,' Goyal said. The primary focus of this fund is to leverage the projected growth in India's luxury real estate market. It intends to provide funding in early-stage projects at favourable entry points, mainly in high-end residential projects in major cities, as well as horizontal projects such as second homes and holiday homes. As an Equity-focused fund, it aims to target the profit margin of the project, striving to achieve a minimum multiple of 2 times or more of invested capital.'The fund benefits significantly from SIR's capability to monetize projects through its extensive network, experience, and access to premium land parcels. We believe the fund can secure exclusive deals for our select developer partners via curated opportunities and maximize returns through well-structured investments,' said Amit Bhagat, Co-Founder, CEO & MD at ASK Property Fund. ASK Property Fund is the alternate asset investment arm of the ASK group set up to manage and advise real estate dedicated funds. The focus is on private equity investments in self-liquidating mid-income and affordable residential and commercial segments. It has raised around Rs 8,000 crore since 2009. The Sotheby's International Realty network is present in 83 countries and territories with 1,100 offices and 26,400 sales associates, achieving a transaction volume of USD 143 billion in 2023. The fund aims to complete its first close in Q1 of FY 2026 and its final close by Q3 of FY 2026, followed by the greenshoe option. It plans to fund 3-4 projects annually, with each project's units priced at Rs 8 crore and above.
Time of India
22-05-2025
- Business
- Time of India
ASK curated luxury assets fund raises Rs 500 crore
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel ASK curated luxury assets fund- I (ASK CLAF I), a Category II Alternative Investment Fund , has raised Rs 500 crore to deploy in development of luxury projects across key cities in fund plans to immediately start deploying as per its investment strategy and aims to raise a total of Rs 1,500 crore, including a green shoe option of Rs 500 crore, towards its final close."We have industrialists, eminent professionals, family offices, and discerning HNI investors who have participated in the funding round. With the luxury residential market now entering a more mature phase, and the initial exuberance beginning to stabilise, we are confident of striking smarter, better-valued deals with landowners and developers alike,' said Amit Goyal, MD, India Sotheby's International Realty Registered with the Securities and Exchange Board of India (SEBI) as a Category II Alternative Investment Fund under the SEBI AIF Regulations, it is a collaboration between ASK property fund , the real estate arm of the Blackstone-backed ASK asset & wealth management group and India Sotheby's International Realty (SIR).'This positions us to unlock high-impact opportunities at the right value, maximising the upside potential for our investors. Over the last eight years, we have executed hundreds of prime land transactions across India. Leveraging this deep market insight and transaction expertise, we will now focus on luxury developments featuring serviced residences in selected micro-markets with strong, sustainable demand,' Goyal primary focus of this fund is to leverage the projected growth in India's luxury real estate market. It intends to provide funding in early-stage projects at favourable entry points, mainly in high-end residential projects in major cities, as well as horizontal projects such as second homes and holiday homes. As an Equity-focused fund, it aims to target the profit margin of the project, striving to achieve a minimum multiple of 2 times or more of invested capital.'The fund benefits significantly from SIR's capability to monetize projects through its extensive network, experience, and access to premium land parcels. We believe the fund can secure exclusive deals for our select developer partners via curated opportunities and maximize returns through well-structured investments,' said Amit Bhagat, Co-Founder, CEO & MD at ASK Property Property Fund is the alternate asset investment arm of the ASK group set up to manage and advise real estate dedicated funds. The focus is on private equity investments in self-liquidating mid-income and affordable residential and commercial segments. It has raised around Rs 8,000 crore since Sotheby's International Realty network is present in 83 countries and territories with 1,100 offices and 26,400 sales associates, achieving a transaction volume of USD 143 billion in fund aims to complete its first close in Q1 of FY 2026 and its final close by Q3 of FY 2026, followed by the greenshoe plans to fund 3-4 projects annually, with each project's units priced at Rs 8 crore and above.
Time of India
20-05-2025
- Business
- Time of India
Former Indian cricketer Shikhar Dhawan buys luxury apartment in Gurgaon for Rs 69 crore
Former Indian cricketer Shikhar Dhawan has bought a 6,000 sq ft apartment at DLF 's super-luxury project - The Dahlias, for Rs 69 crore, making it one of the costliest per sq ft transaction in the country. According to documents accessed through CRE Matrix, a real estate data analytics firm, the rate of apartment per square feet of carpet area is Rs 1,14,068. According to DLF, Q4FY25 results, the projects has generated Rs 13,744 crore in new sales bookings during the fiscal. This has resulted in the monetization of approximately 39% of the estimated total sales potential of this project within the first year of its launch. 'In the evolving landscape of luxury real estate, we are seeing a clear shift in buyer preferences—particularly among nuclear families and affluent millennials towards gated communities that offer both convenience and exclusivity. Often with dynamic lifestyles and frequent travel schedules, discerning buyers value secure, professionally managed homes and access to world-class amenities,'said Amit Goyal, MD, India Sotheby's International Realty . Gurgaon has seen the costliest real estate transaction in NCR in 2024 surpassing Lutyens Delhi for the first time with per sq ft price in the city overtaking Mumbai at par with London and Dubai. The city has witnessed sale of three Rs 150 crore and above property in 2024. Gurgaon also saw the costliest real estate transaction of the year with a Rs 190 crore penthouse sale, beating Delhi for the first time. 'There is also a strong appeal in being part of an exclusive, like-minded community. This shift in preference is reflected in the growing volume of high-value transactions, especially in marquee locations such as Lutyens' Delhi and prime micro-markets of Gurugram,' Goyal said. Economic Times WhatsApp channel )
Fashion Network
09-05-2025
- Business
- Fashion Network
Chanel partners with Nykaa to expand presence in India
Chanel, a global beauty and fragrance brand, has partnered with Nykaa to strengthen its presence in the Indian market. With this partnership, Chanel's fragrance and beauty products will be available at select Nykaa Luxe stores, Nykaa's app and website. By the end of 2025, Chanel plans to further expand its retail presence to over ten Nykaa Luxe stores across the country. Commenting on the partnership, Amit Goyal, managing director India at Chanel in a statement said, 'Building upon the foundation laid by our network of fragrance and beauty boutiques and Chanel India's e-commerce platform, this partnership with Nykaa represents a powerful synergy of our shared values. This collaboration inspires us to envision an even more expansive and impactful future for our fragrance and beauty offerings in India.' Anchit Nayar, executive director and CEO at Nykaa Beauty added, 'At Nykaa, we take immense pride in partnering with the Maison to launch Chanel Fragrance & Beauty in India for the first time in Nykaa's luxury beauty stores as well as online. Chanel's early recognition of India's potential will go a long way in creating and growing the luxury segment for decades to come.' Chanel currently has seven boutiques across the country along with three airport stores and a dedicated e-commerce portal that serves over 27,000 postcodes in India.
