Manager - Property Development

Job description

Job Summary • The role is responsible for driving profitable Retail expansion across the assigned territory by identifying, evaluating, negotiating, and executing new 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.