Industries
Commercial, residential, industrial, retail, warehousing, data centres and SEZ. 100+ assignments.
Sector overview
Real estate is the firm’s largest practice by number of assignments. Work spans Mumbai Metropolitan Region, NCR, Bengaluru, Hyderabad, Chennai and Pune, and includes projects by Lodha, Oberoi Realty, Shapoorji Pallonji, Godrej Properties, Kalpataru, Prestige, Puravankara, Piramal Realty, Rustomjee and the Wadhwa Group. An ICA-registered architect leads the land and building team, and the firm holds IBBI registration in the asset class.
Portfolio mandates are a particular strength: project monitoring for State Bank of India across 36 DHFL-financed projects (₹20,000 crore) and 40 KKR India Asset Finance projects (₹8,150 crore), and the valuation of Altico Capital’s book of more than 80 projects (₹14,000 crore). Single-asset assignments include Aamby Valley City (₹25,000 crore), 360 West at Worli (₹8,000 crore) and Indiabulls One Finance Centre (₹5,000 crore).
Industry challenges
Launch-phase absorption rarely holds for the life of a project. We test sales velocity and pricing against RERA-registered data, comparable launches in the micro-market and the developer’s own collection history.
Commercial valuations depend on achievable rents, vacancy and exit yields. We benchmark lease-up assumptions against registered leases in the same corridor and stress the cap rate used for the terminal value.
Escrow diversion is the most common cause of stalled projects. Our monitoring reconciles collections, withdrawals and construction spend against RERA filings every month.
Contractor capability and cost escalation determine whether the remaining work can be finished within the sanctioned limit. We verify cost-to-complete on site, line by line, rather than from the developer’s statement.
Our solutions
Project-level viability with sales, cost and schedule stress cases, for sanction, restructuring and top-up funding.
Learn moreMonthly site inspection, physical-progress verification and escrow-utilisation certification, for single projects and lender portfolios of up to 40 projects.
Learn moreLand, building and portfolio valuation for security creation, one-time settlements, ARC transfers and IBC resolution.
Learn moreTrack record
| Developer or lender | Project | Service | Value |
|---|---|---|---|
| Sahara Group | Aamby Valley City, Lonavala | Valuation | ₹25,000 Cr |
| State Bank of India | 36 DHFL-financed projects across India | Project Monitoring | ₹20,000 Cr |
| Shapoorji Pallonji Group | 10 projects across India | Project Monitoring | ₹14,000 Cr |
| Altico Capital India (for State Bank of India) | Over 80 projects in Mumbai, NCR, Bengaluru, Hyderabad, Chennai and Pune | Valuation | ₹14,000 Cr |
| Sahara Group | Waterfront project on 108 acres, Goregaon | Valuation | ₹9,500 Cr |
| KKR India Asset Finance (for State Bank of India) | 40 projects across six cities | Project Monitoring | ₹8,150 Cr |
| Oberoi Realty and Sahana Group | 360 West, Worli | Valuation | ₹8,000 Cr |
| Indiabulls Group | One Indiabulls Centre and Indiabulls One Finance Centre, Lower Parel | Valuation | ₹5,000 Cr |
In numbers
Project cost or valuation in ₹ crore as recorded in the engagement.
Case study
Renewable Energy
Techno-Economic Viability study across two locations covering 152 MW wind, 500 MW solar and 600 MW of battery energy storage.
TEV StudyInfrastructure
Project Monitoring Agency across ten concurrent national mandates including the Nagpur–Mumbai Expressway, Delhi–Meerut RRTS, the Rohtang Pass tunnel and the Mumbai–Pune Missing Link.
Project MonitoringConstruction
Project Monitoring Agency across ten construction projects including CIDCO Navi Mumbai, MHADA and the Karwar Naval Base.
Project Monitoring
