24 Oct
|
Adityaram Group
|
Chennai
24 Oct
Adityaram Group
Chennai
: Land Acquisition Executive / Manager
Industry: Real Estate & Property Development
Department: Land Acquisition / Business Development
Location: No.50, East cost road, Adityaram group, chennai -119
Experience: 2–8 years (depending on position)
Reporting To: Head of Land Acquisition / General Manager – Business Development
Job Summary
We are looking for a proactive and result-oriented Land Acquisition Executive/Manager to identify, evaluate, negotiate, and acquire suitable land parcels for real estate development projects. The candidate will be responsible for sourcing land opportunities, conducting preliminary due diligence, coordinating legal and technical evaluations, negotiating with landowners, and facilitating land transactions in accordance with company policies and applicable regulations.
Key Responsibilities1. Land Identification & Sourcing
- Identify and source potential land parcels for residential, commercial, industrial, plotted development, and mixed-use projects.
- Develop and maintain strong relationships with landowners, brokers, channel partners, local developers, and other stakeholders.
- Conduct market surveys to identify emerging growth corridors, infrastructure developments, and high-potential investment locations.
- Build and maintain a pipeline of prospective land acquisition opportunities.
1. Land Evaluation & Feasibility
- Conduct preliminary assessments of land parcels based on location, accessibility, size, market potential, and development suitability.
- Evaluate land pricing, prevailing market rates, development potential, and expected project returns.
- Coordinate with planning, engineering, finance, and project teams to assess technical and commercial feasibility.
- Prepare land comparison statements, feasibility reports, and investment proposals for management review.
1. Negotiation & Deal Closure
- Negotiate land prices, payment terms, advance payments, and transaction conditions with landowners and their representatives.
- Structure land acquisition proposals, including outright purchases, joint development agreements (JDAs), joint ventures (JVs), and other applicable development arrangements.
- Prepare commercial terms and coordinate the preparation of term sheets, letters of intent, and other transaction documents.
- Drive negotiations from initial discussions through agreement execution and transaction closure.
1. Legal Due Diligence & Documentation
- Coordinate with legal teams and external consultants to verify ownership, title history, encumbrances, litigation, and other relevant land records.
- Facilitate verification of survey numbers, land boundaries, extent, access rights, and applicable land-use classifications.
- Coordinate checks on zoning, planning permissions, conversion requirements, and statutory approvals, as applicable.
- Ensure all necessary documents are collected, reviewed, and maintained before proceeding with acquisition.
- Identify potential legal, regulatory, ownership, and transaction risks and escalate them to the appropriate teams.
1. Liaison & Stakeholder Management
- Coordinate with government departments, revenue authorities, registration offices, local bodies, and other relevant agencies as required.
- Work with surveyors, advocates, consultants, and internal teams to facilitate land verification and transaction completion.
- Maintain skilled relationships with landowners and local stakeholders throughout the acquisition process.
- Support registration, possession handover, and post-acquisition documentation.
1. Reporting & Pipeline Management
- Maintain an updated database of land parcels, landowner details, pricing, negotiation status, and transaction milestones.
- Prepare regular reports on acquisition progress, deal pipeline, market intelligence, and potential risks.
- Track acquisition budgets, negotiated prices, approval status, and transaction timelines.
- Ensure acquisition activities comply with company policies, budgets,
and applicable laws.
Required Qualifications
- Bachelor's degree in Business Administration, Real Estate, Civil Engineering, Law, or a related discipline.
- A postgraduate qualification in Real Estate, Finance, or Business Management is an advantage.
- 2–8 years of relevant experience in land acquisition, real estate development, property sourcing, or real estate business development.
Required Skills
- Strong negotiation, communication, and relationship management skills.
- Knowledge of land records, property documentation, and real estate transaction processes.
- Understanding of local property markets, land valuation, and development feasibility.
- Ability to coordinate legal, technical, commercial, and regulatory due diligence.
- Strong analytical, problem-solving, and decision-making abilities.
- Proficiency in MS Excel, PowerPoint, and land acquisition MIS reporting.
- Willingness to travel for site visits and landowner meetings.
Key Performance Indicators (KPIs)
- Number and value of qualified land opportunities sourced.
- Number of feasible land parcels shortlisted and approved.
- Successful acquisition or agreement closure rate.
- Negotiated land cost against approved budget and market benchmarks.
- Time taken from land identification to transaction closure.
- Quality and completeness of due diligence documentation.
- Accuracy of acquisition pipeline reporting and compliance with company procedures.
Preferred Candidate Profile The ideal candidate should possess strong local market knowledge, an established network of landowners and property brokers, a commercial mindset, and the ability to independently manage multiple land acquisition opportunities from sourcing to closure. Experience in the target project segment and local land documentation procedures will be preferred. Note: The role and responsibilities may vary depending on the project type, location, and whether the company focuses on outright land purchases, plotted development, or joint development arrangements.
Benefits
- Health insurance
- Paid sick time
- Provident Fund
Work Location: In person
📌 Land Acquisition (Chennai)
🏢 Adityaram Group
📍 Chennai