Bottom Line: Appointment marks Kaustuv Royâ€™s return to Cushman & Wakefield.
Cushman & Wakefield has appointed Kaustuv Roy as its Managing Director for New Business Acquisition in India. Kaustuv will be responsible for driving the firmâ€™s business by tapping into the emerging real estate business opportunities from across key regions, especially focused on the India-US corridor.
He will also look at expansion opportunities for Indian conglomerate in foreign markets. He will be engaging with various stakeholders in identifying the opportunities for global companies to augment their real estate portfolio.
Indiaâ€™s potential as a global business destination remains positive. The GDP outlook is pegged at 7.7% in 2018 -19, highest growth rate in the world. It has remained resilient despite disruptive events of 2016 Brexit and election of Donald Trump as President of the USA and currency demonetization in India.
This was demonstrated by the steady net absorption of office space (31 msf), while private equity investment saw its best year (US$ 6 Bn approx.). With the global GDP also looking up at an estimate of 4% by 2018, Indiaâ€™s role in this growth remains crucial. It will continue to be a big destination for cross border business and will be an attractive market for investment for global businesses.
Cushman & Wakefieldâ€™s is perfectly poised for this growth phase. The company has the depth of experience and leadership strength in India to provide best in class solutions to our clients. From entry to growth strategies, to investment advisory and transactions, Cushman & Wakefield provides for seamless integration of its services to create value for our clients.
Anshul Jain, Managing Director, India said, â€śKaustuvâ€™s appointment is an important step for our India operations that is moving forward at an aggressive pace. His experience as a real estate professional is a significant addition to our formidable leadership team. His role in creating business opportunity from overseas markets will give us a competitive advantage to further solidify our position in the Indian real estate industry. Kaustuv is a very well respected professional within the real estate fraternity, which complements the companyâ€™s brand.â€ť
Speaking about his appointment Kaustuv Roy, Managing Director, New Business Acquisition said, â€śCushman & Wakefield is globally known for innovation, commitment, integrity and partnership aimed at creating value for our clientsâ€™ real estate. Our brand equity and Indiaâ€™s global economic position will be a key catalyst for global companies to look at Indian market. Similarly Indian companies too are looking at globalisation. Our team and experience puts us in a unique position to partner with such companies. I look forward to working with a group of very talented and dedicated professionals to further fuel the growth of India business.â€ť
Kaustuv has held multiple leadership roles during his 18-year tenure with Cushman & Wakefield from 1998 to 2016. Most significantly as the firmâ€™s Head of International Desk, Asia Pacific based in New York from 2012 until 2015.
Under his leadership, Cushman & Wakefield built a successful cross-border business between the US and India, a legacy he will now build on to usher in accelerated growth. He also served as the firmâ€™s Country Manager for Philippines.
An industry leader, Kaustuv brings over two decades of real estate industry experience. Kaustuvâ€™s appointment as Managing Director for New Business growth in India marks his return to Cushman & Wakefield.