Topic: Emerging Opportunities (& Challenges) in Indian Real Estate

Speaker: Dr. Venkatesh Panchapagesan, Associate Professor of Finance and heads the Real Estate Research Initiative at IIM Bangalore

Presentation: 

a. Overall state of the sector

b. Key constraints

c. Role of regulation 

d. Some interesting opportunities.

Speaker's bio:

Dr. Venkatesh Panchapagesan is an Associate Professor of Finance and heads the Real Estate Research Initiative at IIM Bangalore. He has more than 25 years of experience in academia and in the global financial services industry, after finishing his Ph.D. in Finance from the University of Southern California in 1999.
 

Prior to joining IIMB in September 2011, he was with the world’s largest hedge fund, Bridgewater Associates, where he led efforts to revamp trading analytical infrastructure. He also worked with Goldman Sachs Asset Management in New York between 2005 and 2008 overseeing trading research for their quantitative hedge funds. Before joining Wall Street, he was a Finance Professor at the Olin School of Business at Washington University in St. Louis from 1998 to 2005 and has published in top peer-reviewed global academic and practitioner journals. He was also invited to be the NASDAQ stock market’s visiting economist between 2002-03.

He is certified in India as a Chartered Accountant (All India 2nd rank out of 10,000) and a Cost Accountant ( All India rank 5th out of 25000) and holds a postgraduate management degree from IIM (Calcutta) as well. Aside from his academic responsibilities, he is also an independent director in a number of leading listed entities, and consults for a few Indian companies. He has been a member of several government committees and was a member of the Governing Council of CAFRAL, RBI’s research think tank, between 2017-20. He was India’s sole academic representative on the advisory committee for World Economic Forum’s Initiative on Real Estate in 2015-16.

Honors/ Awards
- Beta Gamma Sigma
- Dean’s List, University of Southern California, 1992 – 1993.
- Honor Roll, Indian Institute of Management, Calcutta, 1990.
- Silver Medal (for second rank among 130 students), Indian Institute of Management, Calcutta, 1990.
- Central Bank of India Scholarship (for best performance in Finance courses), Indian Institute of Management, Calcutta, 1990.
- Government of India Merit Scholarship, 1987.

Fellowships, Grants and Awards (Recent)
- NSE-NYU Stern Initiative for the Study of Indian Capital Markets Grant for “Private Placements and Wealth Constraints of Owner-Managers,” 2018
- NSE-NYU Stern Initiative for the Study of Indian Capital Markets Grant for “Costs and Benefits of Regulatory Interventions in Stock Markets: A Case of Minimum Public Shareholding Rule in India,” 2017
- IGC Research Grant (offered by LSE) for “Estimating Economic Value of Regularizing Land Tenure to the Urban Poor – Evidence from India,” 2016

Invited Positions (current)
- Chairperson, SEBI Working Group on Alternative Investment Funds, 2023.
- Member, Evaluation and Steering Committee for Development of the RMBS Market (set up by the National Housing Bank), from 2022 .
- Member, Academic Council, Vidyashilp University, from 2021
- Member, Program Advisory and Monitoring Committee, Department of Science and Technology, Government of India, from 2020 
- Member, CII Southern Region Entrepreneurship and Startup Forum,from 2020
- IBBI Valuation Expert Committee,from 2021 

Authorship- Publications, Working papers : Please refer the long CV for detailed list

Recent publications

“When is the Order to Trade fee effective?” with Nidhi Aggarwal and Susan Thomas,
Journal of Financial Markets, Vol. 62, 100762, 2023.
https://doi.org/10.1016/j.finmar.2022.100762.

“On the Impact of Infrastructure Improvement on Real Estate Property Values:
Evidence from a Quasi-natural Experiment in an Emerging Market,” with Chinmoy
Ghosh and Madalasa Venkataraman, Journal of Real Estate Finance and Economics,
2023. https://doi.org/10.1007/s11146-022-09938-5.

Editorial Position
Journal of Alternative Investments, 2018 - current
Property Management (Editor for Special Issue, Vol. 36, Issue no. 1), 2018

Research Interests: Market Microstructure, Corporate Finance, Mutual Funds, Entrepreneurship, and Real Estate

Teaching Interests: Financial Markets, Investments, and Real Estate