Company Description Lapis India Capital Advisors Private Limited provides global institutions with access to investments in India’s high-growth real estate markets, backed by deep local expertise and disciplined execution. The firm focuses on building long-term partnerships grounded in entrepreneurship, performance, and integrity. Its cycle-tested team has a strong track record in sourcing, executing, and managing diverse real estate transactions across India.

Lapis has served more than 80 global institutional investors over the past 20 years and operates as an independent fiduciary of foreign capital in India, offering a professional and globally oriented work environment.

Development Manager – Residential Real Estate

Role Overview The Development Manager will oversee/coordinate the development and execution of a residential real estate project on behalf of the organisation. The role will involve working closely with the on-site team, PMC, architects, contractors and other stakeholders to ensure delivery within approved cost, schedule, quality and development objectives.

Qualification

- B.E. / B.Tech. in Civil Engineering (or Mechanical or Electrical) – Mandatory
- MBA is NOT required; candidates with technical and execution backgrounds preferred.

Experience

- 6–9 years of experience in real estate development, construction or project management.
- Minimum 2 years of hands-on site experience.
- Strong theoretical and practical understanding of residential construction.

Job Location - Mumbai

- Responsible for a residential project in Gurugram, with regular site travel.

Key Responsibilities Development & Project Management

- Monitor overall project execution against approved budget, schedule and milestones.
- Regularly visit the site to independently assess progress, quality and execution risks.




- Identify delays, cost overruns and project risks and drive corrective actions.
- Coordinate with the development and project team to resolve execution issues.

Cost & Schedule Management

- Monitor project costs against approved budgets and analyse variances.
- Review estimates, BOQs, tenders, contractor quotations and variations.
- Monitor project schedules, critical milestones and potential delays.
- Work with the project team on recovery plans where required.
- Review project billing and executed quantities where relevant.

Construction & Technical Oversight

- Understanding of structural works, MEP and finishing works.
- Review drawings, specifications, BOQs and construction methodologies.
- Monitor construction quality and adherence to approved specifications.
- Assess technical and execution issues and coordinate their resolution.

Stakeholder Management

- Coordinate with development team, PMCs, architects, contractors and consultants.
- Monitor contractor performance, productivity and adherence to timelines.

Reporting & Governance

- Prepare regular reports covering cost, schedule, progress and key risks.
- Maintain appropriate project documentation and controls.
- Ensure transparency and integrity in reporting, procurement and contractor interactions.
- Independently verify project progress and escalate deviations or governance concerns.

Technical Skills Required





- Robust understanding of residential construction and project execution.
- Good knowledge of construction costing, budgeting, scheduling and project controls.
- Ability to interpret drawings, BOQs and technical specifications.
- Experience managing contractors, consultants and project teams.

Ideal Candidate Profile The ideal candidate will be a Civil Engineer who has progressed from hands-on site execution into broader project/development management.

The candidate should be

- High on integrity and ethics, with strong professional judgement (Most important)
- Technically sound (Civil and MEP) and understand how residential projects are constructed.
- Commercially aware, with strong cost and budget understanding.
- Schedule-focused and capable of identifying delays and dependencies.
- Analytical and independent, with the ability to challenge project assumptions.
- Sustainability-minded, with the ability to identify and drive practical opportunities to improve energy efficiency, resource use, waste management and overall environmental performance of the project.
- Comfortable working from Mumbai office (in-person, not work from home) while regularly managing and visiting the Gurugram project site.
- Interested candidates may send their resume to Kartikey Goyal at [email protected]. Please include your current compensation (fixed and variable components separately), expected compensation, and current location. Our preference is for candidates currently based in the Mumbai Metropolitan Region. However, we would also consider candidates who are familiar with Mumbai and are willing and able to relocate to Mumbai promptly and independently, at their own cost, without requiring significant relocation support from the firm.

📌 Development Manager (Mumbai)
🏢 Lapis India Capital Advisors Private
📍 Mumbai