27 Oct
Important Company of the Sector
Mumbai
Job Title: Assistant Manager – Business Development (Bank Property Auctioning)Reporting to: CEO / COOLocation: Mumbai / Kolkata / New Delhi / Jaipur / IndoreJob 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
🖊️ Important Company of the Sector
📍 Mumbai