Former Prestige Group CEO Venkat K Narayan has now entered the real estate sector. He has formed a new company, the prime objective of which will be land aggregation or "land aggregation". Due to his long tenure at Prestige, he has developed vast experience in this field, and on the basis of that experience, he has now ventured out on his own.
Land complexity is one of the biggest issues in urban development initiatives. The primary aim of this firm is to develop land for large-scale purposes by aggregating small owned land parcels. This will make it easier for land acquisition in large real estate projects, and urban development will find a new direction.
Narayan's action is a new pattern in the real estate sector, where seasoned leadership is establishing new firms to face particular challenges. His firm will collaborate with numerous land owners, developers and government agencies on acquisition of land and planned development. This initiative can play a significant role in the development of urban infrastructure in the future.
