Vastu Vihar (Technoculture Building Centre Pvt Ltd) Hiring for Land Procurement Head at Gaya, Bihar, India Full Time

Company Description

Vastu Vihar (Technoculture Building Centre Pvt Ltd) is a company promoted by Technoculture Building Centre, an organization sponsored by the Ministry of Urban Development – Government of India. The company specializes in designing cost-effective building components that use local materials and is solely engaged in housing for the urban and semi-urban middle-class citizens. With operations since 2001, Vastu Vihar has completed over 14,000 units and has over 25,000 units under construction in 51 cities across 6 states in India.

Land Procurement Officer – Job Description.

•  Identify and evaluate potential land acquisition opportunities through detailed market research and analysis of demographic, zoning, and development trends.
•  Negotiate purchase agreements with landowners, including terms, conditions, and pricing, ensuring alignment with organizational goals and budget constraints.
•  Coordinate with legal counsel to perform due diligence activities, including title searches, environmental assessments, and land surveys, to identify and mitigate potential risks.
•  Develop and maintain relationships with real estate brokers, developers, landowners, and other stakeholders to facilitate information exchange and identify new opportunities.
• Collaborate with urban planners, architects, and engineers to assess land use, potential development concepts, and compliance with local regulations and zoning requirements.
•  Present acquisition proposals and recommendations to senior management or investment committees, providing comprehensive risk assessments and strategic insights.
•  Manage the transition of acquired properties to the development team, ensuring a smooth handover and alignment with project timelines and objectives.

Land Procurement Office – Skills

• Market Analysis: Delving into demographic data, economic indicators, and real estate market dynamics is crucial for identifying lucrative investment opportunities and mitigating risks. Land Acquisition Managers rely on this analysis to make informed decisions and plan strategically, ensuring investments are well-founded and aligned with market trends.
•  Negotiation: Achieving favorable terms for land purchases requires a blend of assertiveness and empathy. By maintaining positive relationships with landowners, Land Acquisition Managers can close deals that meet their organization’s strategic and financial goals, facilitating a seamless transition to development.
•  Legal Compliance: Coordinating due diligence activities, including environmental assessments and ensuring zoning laws compliance, is essential for obtaining necessary clearances. A meticulous review of contracts and legal documents helps avoid potential disputes and ensures adherence to regulations, protecting the organization’s interests.
•  Stakeholder Engagement: Communicating and negotiating with property owners, government officials, and community leaders are critical for securing land parcels. A nuanced approach to addressing concerns and leveraging opportunities ensures mutual benefit and maintains positive relationships throughout the acquisition process.