12 Oct
Recognized
Mumbai
Job Title : Assistant Manager – Business Development (Bank Property Auctioning)
Reporting to : CEO / COO
Location : Mumbai / Kolkata / New Delhi / Jaipur / Indore
Job Summary :
We are seeking a motivated Assistant Manager – Business Development to drive the bank mortgaged property auctioning and acquisition process . In this role, you will represent the organization in auctions, working to acquire value for money properties at optimal terms. You will also lead the due-diligence process and assist in monetizing acquired properties through leasing , rentals , and related activities.
In addition to auction-related responsibilities, you will work closely with various stakeholders and liaison with government offices,
ensuring regulatory and legal compliance throughout the acquisition process. This role also includes overseeing day-to-day office administration tasks.
Key Responsibilities :
Auction Participation & Property Acquisition :
- Engage actively in bank mortgaged property auctions , representing the organization to secure properties at favorable prices and terms.
- Conduct field studies to evaluate property value, ensuring all legal and commercial due-diligence is carried out thoroughly.
- Submit letters of intent and required earnest money deposits for selected properties.
- Oversee the entire acquisition process until all necessary documents, including registration and name transfers , are completed.
Market Mapping & Stakeholder Engagement:
- Develop and enhance market mapping systems to identify valuable properties for acquisition.
- Build strong relationships with external stakeholders, such as bankers , lawyers , surveyors , and due-diligence experts ,
to stay informed on market trends , competition, and opportunities for asset monetization .
Government Liaison:
- Coordinate with government offices for project approvals and clearances .
- Liaise with district and state administrations regarding land matters, ensuring smooth workflows.
Monetization of Acquired Properties :
- Work with local agencies to lease or rent acquired properties at favorable rates and terms.
- Stay updated on real estate market trends , including government guideline values , pricing trends , and registration procedures .
Compliance & Documentation :
- Ensure strict adherence to statutory, regulatory, and legal compliance during all stages of acquisition and monetization.
Maintain a robust documentation system (both digital and physical) to ensure compliance for audits.
Office Administration :
- Oversee day-to-day office administration , ensuring smooth coordination and management of tasks.
Travel Requirements :
- Frequent travel is required to meet stakeholders, visit sites, and participate in auctions.
Required Experience & Qualifications :
- Minimum 8 years of experience in real estate , particularly in property acquisition , bank property auctions , and liaisoning with government offices.
- Experience in tier 2++ markets and rural industry is highly preferred.
- Bachelor’s degree in any discipline.
Skills & Abilities :
- Excellent communication and interpersonal skills for building strong relationships with stakeholders.
- Ability to work across multiple teams and manage cross-functional collaborations .
- Proficiency in real estate financial analysis and property valuation tools.
- Strong planning , coordination , and documentation management skills.
- Agile, assertive, and capable of handling multiple tasks in a fast-paced environment.
If you are experienced in real estate auctions , property acquisitions , and market trends , and are looking for a role that allows for strategic impact , apply now to become part of this exciting journey!
▶️ Assistant Manager Business Development
🖊️ Recognized
📍 Mumbai