SAGAR KARNAVAT
Mumbai
Summary
Experienced professional with 8+ years in real estate development, demonstrating a strong track record of leading large-scale construction projects. Proficient in overseeing the entire project lifecycle, including design, planning, project approvals, construction, documentation, and execution. Acknowledged for successfully transforming a leveraged company in a competitive landscape, driving high efficiency and unlocking opportunities to deliver innovative solutions.
Overview
8
8
years of professional experience
Work History
Director, Real Estate Development
Karnavat Group
03.2020 - Current
- Oversaw the Development of Multifamily Residential and Commercial Development, and was responsible and accountable for strategic planning, design planning, construction oversight, design approvals, quality assurance, cost approvals, evaluation and team leadership.
- Spearheaded the financial transformation of a leveraged family business, slashing operational costs by 45% and reducing debt by 55% through strategic initiatives
- Launched a new business arm in multi-family society redevelopment, securing a high-profile project - USD 18 million
- Played a key role in orchestrating comprehensive cashflow analysis, renegotiated tenant leases, and executed joint ventures on underperforming assets, boosting cashflow by 1.45x over 3 years
- Revolutionized data analysis by implementing Google Data Studio, GIS, and Macros, driving a 60% increase in lead generation through an improved online presence for the traditional land acquisition business
- Drove high-stakes litigation management, handling 70+ cases with a strong settlement rate, and cutting legal costs
- Fast-tracked acquisition processes by 15% through effective coordination and communication with regulatory agencies
Analyst, Real Estate Development
Sunjana Realtors
06.2017 - 02.2020
- Entrusted with the overall accountability of developing and optimizing the financial models assessing USD 120+ million in revenue potential across residential, industrial, and commercial assets for a 225-acre township project
- Managed on-site construction activities, for upcoming residential project of over 650,000 Sq.ft and demonstrated strong problem-solving skills construction challenges and effective communication with tradesmen to achieve on-time delivery
- Secured government approvals for a 50,000 Sq.ft.
- Commercial tower, overseeing the project's completion, and accelerating delivery by 10%.
- Negotiated with several vendors and sub-contractors, and also found alternatives for cost-effective sourcing of materials.
- Led-weekly on-site safety meetings and improved compliance, resulting in a 25% decrease in safety incidents over two years.
Design Development Intern
Studio V Architects
08.2016 - 12.2016
- Produced detailed drawings for a 40-story mixed-use high-rise development in NYC, contributing to its successful execution
- Conceptualized and designed mass transit and connectivity solutions for a NYC borough, enhancing urban mobility.
- Organized workshops for community partners that fostered collaboration and maximized resource sharing among local organizations.
Real Estate Research Intern
Ernst and Young
06.2016 - 07.2016
- Formulated SOPs to enhance design development efficiency by 10-12%, streamlining the overall construction process.
- Conducted audits to identify inefficiencies in construction formwork, presented analysis of traditional formwork and myvan construction solutions to improve operational performance
- Led market research on design efficiencies for core and shell structures, gathering insights from 50+ industry experts, including architects and consultants and presented the most optimum model.
- Completed research, compiled data, and assisted in timely reporting.
Education
Bachelor of Architecture - Real Estate, Business
Cornell University, College of Architecture, Art, And Planning
New York05.2017
Skills
- Strategic Planning
- Real Estate Development
- Design Planning
- Construction/ Project Management
- Revenue Generation
- Litigations and Settlements
- Land Acquisition
- Budget Analysis
Languages
English
Hindi
Italian
Additional Information
Youth Leader - Tall Skyscrapers, CTBUH, Mumbai, Maharashtra, 08/01/19 - Present
- Spearheaded community development projects with a focus on affordable housing and sustainable urban planning., Organized and led high-impact programs, bringing together architects, real estate developers, state government officials, and key stakeholders to foster collaboration and drive urban innovation.
Co-Founder - Ezra Box INC, Ithaca, NY, 08/01/15 - 05/31/17
- Successfully co-founded and built a disruptive peer-to-peer storage platform for Cornell University, securing USD 100,000 in funding through pitch and venture capital competitions., Drove the complete business lifecycle from ideation to execution, overseeing the design and development of the platform and coordinating with offshore coders to create an optimized, user-friendly website.
Timeline
Director, Real Estate Development
Karnavat Group
03.2020 - Current
Analyst, Real Estate Development
Sunjana Realtors
06.2017 - 02.2020
Design Development Intern
Studio V Architects
08.2016 - 12.2016
Real Estate Research Intern
Ernst and Young
06.2016 - 07.2016
Bachelor of Architecture - Real Estate, Business
Cornell University, College of Architecture, Art, And Planning
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