About the Organisation
Our client is a new-generation, technology-driven real estate developer headquartered in Mumbai, founded in 2020 with a clear mission: to democratize land ownership across India and redefine how Indians invest in real estate. In just five years, the organisation has become India's largest branded land developer, with over 15 million sq. ft. of plotted land delivered and approximately 39 million sq. ft. in active development across 16 locations — spanning Maharashtra, Goa, Uttar Pradesh, Punjab, and Himachal Pradesh
.The organisation is now executing a bold strategic pivot into vertical real estate, committing over ₹2,500 crore across landmark Mumbai projects including a commercial development in Marine Lines, a luxury residential tower at Chowpatty, and a large-scale township in partnership with an established builder in Naigaon. With a target of ₹10,000 crore in annual sales by FY30, the company is scaling rapidly and building institutional-grade functions across projects, finance, and commercial operations
.
Role Overvi
ew
The VP – Budgeting & Costing is a critical leadership role within the organisation's growing EPC and project delivery function. As the company transitions from pure plotted land development into high-rise residential, commercial, and mixed-use vertical construction, the rigour of financial planning and project costing takes on new strategic importance. This role will own the entire budgeting and costing lifecycle — from pre-acquisition feasibility to execution-stage cost control — ensuring every project is delivered with financial discipline, profitability, and accountability. Reporting directly to the CPO, the incumbent will partner closely with project, procurement, design, and finance tea
ms.Designation - VP – Budgeting & Costing (Band Level
1)Department - Budgeting & Cost
ingLocation - Mumbai Head Off
iceReporting To - Chief Projects Officer (C
PO)Experience - 18+ years in real estate / developer / PMC / consult
ingEmployment Type - Full-Time, Perman
ent
Key Responsibili
ties
1. Budgeting & Financial Pla
- nningLead the annual budgeting process across all projects (plotted land and vertical construction) and corporate funct
- ions.Prepare detailed project-wise budgets covering land acquisition, construction, approvals, sales & marketing, and overh
- eads.Develop long-term financial plans and cost forecasts aligned with the organisation's expansion stra
- tegy.Monitor budget vs. actuals, highlight variances with root-cause analysis, and recommend corrective act
ions.2. Project Co
- stingPrepare comprehensive project cost estimates at both pre-acquisition and execution stages, spanning plotted and vertical developm
- ents.Assess cost feasibility of new land acquisitions and development projects, including detailed IRR and profitability model
- ling.Benchmark construction costs (per sq. ft.) across project types, typologies, and geographies to maintain competitive cost positio
- ning.Collaborate closely with design, procurement, and project execution teams to ensure costing accuracy and complete
- ness.Build and maintain a detailed cost database for RCC, finishing, infrastructure, external development charges, and statutory appro
vals.3. MIS & Management Repo
- rtingPrepare and own monthly MIS reports for leadership review, covering project-wise financial perform
- ance.Present variance analysis, financial insights, and cost performance dashboards to the CPO and senior leader
- ship.Support the leadership team with data-driven inputs for strategic decision-making, project go/no-go calls, and pricing decis
ions.4. Cost Control & Monit
- oringEstablish and enforce cost control mechanisms, governance frameworks, and approval processes across all active proj
- ects.Track project expenditure against budget, proactively flag overruns, and drive corrective action in coordination with project t
- eams.Review contractor billings, BOQs, and rate analyses to ensure alignment with sanctioned budgets and market benchm
- arks.Champion value engineering initiatives across design and construction phases to optimise project costs without compromising qua
lity.5. Compliance & Risk Manag
- ementEnsure financial discipline and adherence to internal controls, approval hierarchies, and audit requirem
- ents.Identify financial risks across projects — including cost escalation, scope changes, and market-rate volatility — and propose mitigation strate
- gies.Support internal and external audit processes, providing accurate cost data and documenta
tion.
Working Relatio
nships
I
- nternalProject Teams, Contracts & Procurement, Sales & Marketing, Finance & Accounts, Business Excellence, Operations S
trategyE
- xternalVendors, Consultants, Cont
ractors
Expertise & Qualif
ications
- EducationB.E. Civil Engineering (mandatory); NICMAR or equivalent postgraduate qualification p
- referred.MBA or equivalent business qualification is adva
ntageous.E
- xperience18+ years of progressive experience in costing, budgeting, and financial planning within real estate, PMC, or construction co
- nsulting.Strong track record in preparing pre-acquisition feasibility studies and execution-stage project budgets for large-scale deve
- lopments.Preferred background: Developer, PMC, or construction consulting organ
isations.Technic
- al SkillsStrong financial modelling and analytical skills with proficiency in MS Excel
- and SAP.Deep understanding of real estate costing components — RCC structure, finishing, MEP, infrastructure, statutory a
- pprovals.Expertise in BOQ preparation, rate analysis, and contract cost ma
- nagement.Working knowledge of IRR modelling, project feasibility, and variance analysis fr
ameworks.Com
- petenciesStrategic thinking with strong business acumen and commercial ori
- entation.Leadership presence with the ability to influence cross-function
- al teams.High accuracy, attention to detail, and ability to operate under fast-paced, high-pressure co
- nditions.Excellent stakeholder management across internal and external in
terfaces.
