Vikas Jain, CEO of Labdhi Lifestyle Assumes Leadership Role at NAREDCO Maharashtra NextGen

The National Real Estate Development Council (NAREDCO) Maharashtra NextGen has announced that Vikas Jain, CEO of Labdhi Lifestyle, has been appointed as its new President. The appointment, which was unanimously decided, marks a significant transition as Jain takes over from Ridham Gada, who now assumes the position of Vice-Chairman.

Strategic Finance-Focused Leadership Approach

Industry sources confirmed that Jain's tenure would be characterized by a strategic finance-first approach, aligning with NextGen's renewed organizational focus. The new president outlined his primary areas of concentration, which include project financing education for members, enhanced RERA compliance strengthening, and comprehensive technology integration across the real estate value chain.

The leadership emphasized the critical need for establishing a credible and transparent ecosystem to attract consistent capital inflows to the sector. According to industry observers, this approach comes at a pivotal time when the Indian real estate industry is projected to reach a market size of US$1 trillion by 2030.

Comprehensive Vision for Industry Transformation

Beyond financial reforms, the new leadership outlined a holistic approach to real estate development. Key objectives include professionalizing management practices by embedding innovation culture, governance standards, and customer-centricity within real estate businesses.

The organization's vision extends to empowering developers, particularly focusing on equipping the next generation of professionals to become responsible and forward-thinking entrepreneurs. Additionally, there are plans to foster collaboration by creating platforms for young professionals to collaborate, innovate, and drive industry-wide reforms.

As a first-generation developer, Jain brings considerable experience to the leadership role, positioning NAREDCO Maharashtra NextGen for a new chapter focused on excellence, inclusivity, and innovation.

Organization's Mission and Platform

NAREDCO Maharashtra NextGen serves as a dynamic platform designed to bring together young professionals in the real estate sector. The organization facilitates experience sharing, skill enhancement, and positive industry influence while addressing pressing challenges facing the sector.

The platform aims to empower the next generation of real estate leaders, particularly in light of recent developments such as regulatory changes in Maharashtra and evolving market dynamics.

Industry Impact and Future Outlook

The appointment represents a significant milestone in the evolution of Maharashtra's real estate sector. With the finance-first agenda, commitment to regulatory compliance, and emphasis on technological integration, the organization is positioned to lead the industry into a new era of growth and innovation.

Industry analysts suggest that this leadership change promises to inspire and guide young realtors towards excellence, fostering a more transparent, efficient, and customer-centric real estate environment. The focus on sustainable and innovative practices aligns with broader industry trends toward modernization and professionalization.