Mr. Nayan A Shah, CEO & Managing Director, Mayfair Group
Mr Nayan A Shah, CEO and Managing Director of Mayfair, envisions professionalizing the real estate industry and making the Group an esteemed brand committed to all its stakeholders. Currently pursuing a PhD from NMIMS, he is an MBA from Symbiosis Institute of Business Management and an avid athlete and health conscious. He has brought the Mayfair Group to the billion rupee threshold in terms of turnover and asset value by vertical and horizontal expansion: new avenues of construction, consultancy and infrastructure delivery. Mr. Shah strongly believes in the saying ‘Dreams come true’ and the mission of affordable housing for all especially in the Mumbai Metropolitan Region is the goal that he and his team are striving for.
An active participant in various national and international real estate and infrastructure seminars, he has been a very active member and office bearer at MCHI-CREDAI. He is also an active member of leading industry bodies such as CII, FICCI, IMC, BCCI, etc. His research interests include financial instruments in real estate like REIT (Real Estate Investment Trusts), REMF (Real Estate Mutual Funds), REVCF (Real Estate Venture Capital Funds), role and extent of FDI in real estate, role of TDR and its implications in urban development, etc.
He takes inspiration from Budha, Mahatma Gandhi and Warren Buffet. Gandhi’s idea of “Customer is God” is always in his mind. Today, the Mayfair brand is synonymous to Quality and customer satisfaction as he believes that a happy customer is the best endorser that any organization can get.
Comment on Union Budget 2015
Mr. Nayan Shah, CEO Mayfair Housing Pvt. Ltd, Vice-President MCHI CREDAI
Mr. Nayan Shah has welcomed the Union Budget 2015 and said that it’s a positive budget and has a long term prospective for the whole economy; this budget will also help to meet the Housing demand.
Mr. Shah expressed that “Govt. planning to ease the approval process which will really boost the Real Estate sector in near future. On GST Mr. Shah said that it is a very welcoming move from the finance minister. This will help to reduce the project costs. On abolition of wealth tax Mr. Shah stated that it will encourage people to buy more than one property without additional tax implication and also boost the rental housing. Reduction of Corporate tax 30% to 25 % is a welcome step and tax compliance will increase Mr Shah continued.
Affordable housing is the need of the hour Mr. Shah is very surprise that in this budget there was no talk on Affordable Housing and government did not give any road map on how ‘Housing for all by 2022’and also there was not reduction in home loan Mr Shah concluded
