Shishir Baijal, Chairman & Managing Director, Knight Frank India Today Quoted That “The RBI’s stance of increasing the policy rate by 25bps is in line with our expectation considering that the crude oil flared inflation level and the interest rates in the broader economy have been marching higher for some time now. However, this increase in policy rate will delay the revival of the country’s housing market, which after suffering a prolonged period of slump has just begun to show early signs of improvement on account of uptick in affordable housing.”says Shishir Baijal Chairman and MD, Knight Frank India.
About Shishir Baijal
Shishir has over 37 years of experience across diverse industries that include real estate, hospitality, education and entertainment. He is responsible for managing the operations of Knight Frank India.Prior to Knight Frank, Shishir was Managing Partner at Everstone Capital Advisors Pvt. Ltd. (ECAP), where he advised the deployment of approx. US$ 690 mn across different real estate asset classes. Under his leadership, ECAP positioned itself as an investment advisor with end-to-end real estate development capabilities across the value chain – project evaluation, land acquisition, project conceptualisation and design, leasing, property management and investment exits.
From 2001-05, Shishir was CEO of INOX Leisure Limited. He was instrumental in rolling out the INOX chain across India and establishing INOX as a multiplex brand at a national scale. Under his leadership, INOX was awarded the ‘Best Entertainment Retailer of the Year’ at the ICICI Bank Retail Excellence awards 2004.Before INOX, Shishir was COO at Pacific International Hotel Management School, New Zealand, from 1999-2000 and General Manager of Berjaya Beau Vallon Bay Resort & Casino, Seychelles, from 1998-99.Shishir began his career with ITC Hotels Division, where he spent over 18 years in various roles from 1979-97. His last role there was that of Area Manager & General Manager at Windsor Manor Sheraton & Towers, Bangalore.