“Having a wide experience of working in government, academia, industry associations like the CII and FICCI and multilateral financial institutions (ADB, Manila) , Kumar will also be guiding India Sotheby’s International Realty on the next phase of growth in the region including evaluation of new opportunities in the sector, said Amit Goyal, CEO, India Sotheby’s International Realty.
Alumni of St Stephen College and Lucknow University, Kumar has received D.Litt degrees (honoris causa) from his alma mater, Lucknow University and other institutions of higher learning. He has a D.Phil. in Economics from Oxford University (1982) and a Ph.D. from Lucknow University, India (1978).
ISIR has been driving policy changes on several matters like the need for circle rate recalibration, RERA changes to protect home buyers and the merits of rationalising stamp duties on real estate transactions.
“We all know that the realty sector is a major driver of economic growth in the country. Transparency and professionalism are key to a healthy growth of the real estate sector and these are also the core values at ISIR. Therefore, I am delighted to join the advisory board of such a promising organisation which has over the years carved out a leadership role in the luxury real estate,” said Kumar.
Kumar is also the Founding Director and current Chairman of the Pahle India Foundation (PIF) Delhi, which is a non-profit making policy think tank; and Chancellor of the Gokhale Institute of Economics and Politics, Pune.
In the past, he has served as a Government of India nominee on the Central Board of the Reserve Bank of India and the Central Board of the State Bank of India, Mumbai.