My passion for civil engineering fuels my desire to design homes that nurture families, craft commercial spaces that stimulate growth, and develop infrastructure that supports vibrant cities. In the real estate industry, I embrace the roles of creator, visionary, and change-maker. This profound sense of purpose inspires my dedication every day.” Dr. Nitesh Kumar
From a young age, Dr. Nitesh Kumar was captivated by the intricacies of the built environment, intrigued by the construction of beautiful buildings, advanced machinery, and even spaceships. This curiosity led him to study civil engineering, where he discovered that real estate is the realm where dreams materialize, communities thrive, and urban landscapes transform.
My passion for civil engineering fuels my desire to design homes that nurture families, craft commercial spaces that stimulate growth, and develop infrastructure that supports vibrant cities. I am committed to innovation and believe in transforming visionary ideas into reality.
Can you share a pivotal moment in your career of more than 30 years?
In my journey in real estate of over three decades, it is difficult to pinpoint a single moment, but one truly pivotal experience was my appointment as the Managing Director and CEO of Emami Realty. This role represented a turning point in my career, allowing me to embrace a corporate and disciplined approach characterized by rigorous review mechanisms.
In this position, I had the freedom to incorporate future-ready technologies and leverage IT and AI-driven processes, which significantly enhanced our operational capabilities. With a strong knowledge in civil engineering and advanced degrees in management, I have brought technical expertise and strategic insight to this leadership role. It offered the opportunity to lead a dedicated team and manage multidimensional projects while contributing to the urban landscape through impactful, forward-thinking initiatives. This role empowered me to channel my passion for innovation into creating inspiring spaces that redefine possibilities and deliver value to stakeholders.
How do you build a strong company culture in a fast-paced industry?
At Emami Realty, building a strong company culture in a fastpaced industry is deeply rooted in fostering collaboration, innovation, and a shared vision. What truly sets Emami apart is a culture nurtured over the past 50 years, woven seamlessly into the fabric of every Emamian. Our promoters and founders remain grounded and approachable, creating an environment where no one feels like an employee - we are all part of a family. This culture inspires and motivates us to work with a sense of ownership, as if the company were ours.
We emphasize open communication, ensuring every team member feels heard, valued, and aligned with the organization’s goals. Emami Realty empowers its people to thrive in a constantly evolving industry by investing in continuous training and skill development. A key pillar of our culture is building a supportive and inclusive workplace that fosters creativity and recognizes performance.
How do you support and empower the next generation of leaders?
At Emami Realty, we empower the next generation of leaders by fostering a sense of mentorship, continuous learning, and innovation. Our dedicated programs, such as Rewards & Recognition and Training & Development, are designed to nurture each employee’s personal and professional growth. Through these initiatives, we enhance skills and capabilities that promote overall well-being, helping individuals realize their full potential.
By investing in people and providing a supportive environment, we are building a resilient leadership pipeline that will continue to drive Emami Realty towards success well into the future.
How do you stay motivated and inspired during market downturns?
Market downturns and upturns are inherent parts of any business cycle. As a leader, it’s essential to maintain balance and keep sight of the long-term vision.
During challenging times, I draw motivation from the real estate sector’s transformative potential and the impact it creates on communities and lives. I see downturns as opportunities to innovate, adapt, and strengthen resilience, fueling creativity and strategic thinking.
Supporting my team, engaging closely with stakeholders, and staying true to ethical practices enable me to navigate through rugged periods with confidence, purpose, and optimism for the future.
INDUSTRY TRENDS & INSIGHTS
What trends are you seeing that will shape the future of real estate?
Technology is revolutionizing every facet of the sector, with advancements such as AI, blockchain, and virtual reality enhancing property transactions, management, and customer engagement in unprecedented ways.
Today, construction timelines have been significantly reduced, with buildings constructed in half the time compared to previous standards. Innovative software now allows daily reporting on budget versus expenditure during construction, while alternative materials are continually introduced and tested, challenging traditional methods. Quality monitoring software is being managed remotely from anywhere in the world, and procurement applications streamline the purchasing process. In its essence, technology, accompanied by IT and AI, is introducing new and improved solutions at an incredible pace.
In the wake of the pandemic, there has been a marked shift towards wellness-oriented designs prioritizing open spaces, abundant natural light, and health-focused amenities, reflecting a renewed emphasis on quality living.
India, a burgeoning hub of real estate innovation, witnesses a growing emphasis on eco-friendly practices, energy-efficient designs, and sustainable materials. The demand for affordable housing is surging, prompting developers to focus on integrated townships that offer a blend of affordability and diverse amenities, including residential, commercial, and recreational options.
Kolkata’s skyline is poised for evolution as metro expansions and enhanced connectivity stimulate growth in emerging areas such as Joka, Bhasha, New Town, and Rajarhat. These regions are becoming focal points for Behala development, bolstered by advancements in infrastructure and urban planning. The influx of multinational companies is further driving the demand for premium office spaces equipped with state-of-the-art amenities that cater to the needs of a global workforce.
What do you think today’s clients are looking for that they weren’t a decade ago?
Nowadays, the clients demand more than just properties; they seek a harmonious blend of value, quality, and enriching experiences that resonate with their aspirations and lifestyles.
Clients now expect transparency, ethical practices, and a commitment to sustainability—attributes that have become non-negotiable in their decision-making process. Trust is paramount, and buyers are increasingly inclined to work with developers and agents who prioritize integrity and open communication.
The post-pandemic landscape has reshaped client priorities, placing an unprecedented emphasis on health and wellness. Buyers are attracted to properties offering ample open spaces, excellent ventilation, and abundant natural light. Amenities that promote physical and mental well-being, such as gyms, lush green zones, and serene meditation areas, have become highly sought-after.
Technology has emerged as a cornerstone of client expectations. Smart homes and offices with IoT devices, advanced security systems, automated climate control, and seamless connectivity are now considered essential rather than luxuries. Clients increasingly value properties that enhance their lifestyle through innovative tech solutions.
The focus on eco-friendly buildings has intensified, as clients prioritize energy-efficient designs, renewable energy sources, and sustainable materials, reflecting a growing commitment to environmental preservation and the desire to contribute positively to the planet.
The profound shift towards innovation, responsibility, and human-centric designs has led to transformative experiences, where properties not only serve as shelters but also enhance the overall quality of life.
BUSINESS STRATEGY & INNOVATION
What strategies have been most effective for business growth in a competitive market?
With a legacy as one of the most trusted homegrown multinational companies, Emami Realty has successfully developed quality spaces totaling 37 million square feet across India. Our foundational principle is straightforward: deliver quality at the right price and on time.
Emami Realty is developing 22 million square feet of cutting-edge residential and commercial projects with a revenue generation of ? 15,000 cr in the next 7-8 years. This ambitious initiative firmly establishes it as a market leader in a fiercely competitive industry. Emami Realty creates environments that resonate with the ever-evolving needs of its customers.
Our strategic geographic footprint encompassing states like West Bengal, Uttar Pradesh, Tamil Nadu, and Odisha, effectively taps into diverse markets. This approach drives growth and redefines possibilities across India.
How do you balance innovation with traditional foundations of real estate?
The company prioritizes sustainability by incorporating eco-friendly materials and energy-efficient designs and embraces cutting-edge technologies like AI, IoT, and virtual reality to enhance property transactions, management, and customer experiences, while staying true to the timeless principles of quality, trust, and ethical practices.
This blend of forward-thinking strategies and traditional values allows Emami Realty to create spaces that are not only technologically advanced but also deeply rooted in reliability and community-centric development.
By integrating modern designs and efficient systems into projects, Emami Realty ensures that innovation enhances the industry fundamentals rather than replacing them.
If you could change one thing about real estate sector, what would it be?
If I could change one thing about the real estate industry, it would be streamlining the prolonged project approval process, reducing the burden of excessive paperwork, and implementing a unified policy at a pan-India level.
These challenges delay project timelines and also add unnecessary complexity to operations. Simplifying approval systems through digital solutions, transparent workflows, and efficient regulations would help developers focus more on innovation and execution, ultimately benefiting stakeholders and accelerating growth in the industry.
Which books or mentors have had the biggest impact on your leadership philosophy?
The Bhagavad Gita has profoundly shaped my leadership philosophy, offering timeless wisdom on self-awareness, duty, resilience, and, most importantly, management strategies. Its teachings emphasize leading with integrity, staying true to one’s purpose, and maintaining equanimity during challenges.
Spiritually, the teachings of Shri Ashutosh Ji Maharaj have been transformative. His guidance on inner strength, mindfulness, and the power of collective harmony has influenced my leadership approach, encouraging me to foster collaboration, create a positive impact within my organization, and maintain inner peace and balance.
While these sources of wisdom have been instrumental in my journey, I firmly believe that every day offers valuable lessons—whether through observing events, engaging with people, or reflecting on experiences. Life is a constant teacher, and remaining open to its lessons is essential for personal and professional growth. I firmly believe that learning is a continuous process.
My vision is to deliver timeless masterpieces - developments that, even decades from now, continue to inspire and stand as landmarks of excellence.
I hope my legacy is defined by building meaningful communities, fostering trust, and driving lasting progress within the real estate industry.
