Shri Anurag Jain

Bhairav Dalal

Real Estate Leader and Partner, Tax & Regulatory Services,

PwC India

Bhairav Dalal is the Real Estate Leader, and Partner in the Tax & Regulatory Practice. He has a varied experience in advising Indian and multinational groups in the area of Real Estate, Infrastructure and Private Equity. He has over 20 years of post qualification experience in transaction and tax advisory services. Over the last 17 years his focus has been Real Estate.

Bhairav has also advised Real Estate companies on complex projects involving investment structuring and group restructuring. Given his experience, he has been extensively involved in the REIT / InvIT discussions in the industry and regulators as well. He has handled diverse assignments in the transaction and corporate restructuring space, involving:

  • Developing real estate fund structures and consummating their investments
  • Advising multiple AIFs in consummating their investments in residential assets across the country
  • Working with multiple developers/ commercial asset owners on their REIT journey (from conceptualisation to implementation)
  • Working with large sovereign funds on their platforms in India – multiple asset classes such as residential, warehousing, commercial and retail
  • Working with multiple asset owners in the Infra space – advising on bid structuring, private equity funding, re-structuring for Singapore BT listing
  • Working with Indian real estate players on their internal restructuring to facilitate IPO/ private equity funding
  • Advising large Indian finance house on their strategy for distressed real estate assets
  • Working with leading industry bodies such as APREA, FICCI, GRI, etc. in identifying and representing with respect to areas for ease of doing in real estate/ REITs
  • Advising on redevelopment projects (including SRA’s & Society re-development projects)
  • M & A and Inbound advisory

Bhairav is a graduate in Commerce from the University of Mumbai and is a member of the Institute of Chartered Accountants of India since 2002. He regularly speaks on Real Estate related topics before various forums, and contributes articles, interviews to several newspapers, magazines and business news channels.