Job Summary

- The role is responsible for driving profitable Retail expansion across the assigned territory by identifying, evaluating, negotiating, and executing current site opportunities.

- The incumbent will work closely with internal stakeholders and external partners to ensure timely and cost- effective project execution aligned with the company's growth objectives.
- The role will also be responsible for maintain good relationship with existing Landlords and support the operations with cost optimization through rent renegotiations etc whenever required
- Key stakeholders include NSO, Design, Operations, Projects, Finance, Legal, Brokers, Developers and Landlords.

Key Responsibilities:
1. Planning & Strategy
- Execute the regional property development plan in alignment with business growth objectives.
- Identify market opportunities and prepare expansion strategies for assigned territories.
- Ensure timely achievement of site acquisition and development milestones.
- Coordinate cross-functional activities to support smooth project execution.
2. New Store Development
- Identify and evaluate potential sites based on market potential, demographics, accessibility, and commercial viability.
- Conduct feasibility studies and prepare detailed site assessment reports.
- Present real estate proposals, layouts, and financial projections for management approval.
- Negotiate commercial terms, rentals, lease agreements, and other contractual obligations with landlords and developers.
- Coordinate legal documentation and ensure compliance with lease and statutory requirements.
- Work with design teams, project teams, and consultants for store planning and approvals.
- Manage relationships with brokers, landlords, mall management teams.
3. Financial & Commercial Management




- Drive ROI-focused decision-making for all site acquisitions and projects.
- Ensure project costs and commercial terms are aligned with approved budgets and business expectations.
- Monitor portfolio profitability and market benchmarks.
Assess rental economics, project viability, and operational sustainability.
- Ensure optimal space utilization and location selection.
4. Stakeholder Management
- Manage internal & External stakeholders
5. Process Improvement & Compliance
- Ensure all projects comply with company standards, statutory regulations, and operational requirements.
Drive process improvements in site selection, project approvals, and development execution.
- Support innovation and efficiency initiatives in restaurant development.
- Maintain accurate documentation and project tracking systems.
6. Existing Asset Management
- Coordinate with Finance and Landlords for smooth invoicing and rental processes
- Follow up with LLs for Fire NOC renewals, latest property tax receipts and other necessary and regulatory compliances.
- Work closely with operations and support them in store profitability from property
perspective through rent renegotiations/ Resizing/ Sub leases.
Coordinate with LL for any issues at the property to ensure smooth operations at the store.

Key Skills & Competencies
- Strong negotiation and commercial acumen
- Expertise in retail / property development
- Site evaluation and market analysis
- Lease management and legal coordination
- Financial analysis and ROI assessment
- Stakeholder and relationship management
- Project coordination and execution
- Strong communication and presentation skills

Preferred Industry Background

Candidates from retail, retail expansion, shopping malls, or organized retail industries will be preferred.

📌 Manager - Property Development (Kolkata)
🏢 Croma
📍 Kolkata