ISB Establishes a Research Chair in real estate and Urban Studies

The Indian School of Businesssigned an MoU with Indu Projects Ltd, a Hyderabad based real estate company, to establish a Research Chair for ‘Real Estate and Urban Studies’. This is the first Research Chair being established by the ISB. Indu Projects Ltd. is making a grant of US$550,000 spread over a period of five years.

The Chair will function under the Wadhwani Centre for Entrepreneurial Development (WCED) at the ISB. Speaking on the occasion, Professor M Rammohan Rao, Dean, ISB, said, “This Research Chair is of great significance to us, as it is not only the first Research Chair to be instituted at the ISB, it is also the first Chair in Real Estate and Urban Studies in India”

Indu Projects Ltd is a Hyderabad based, diversified company, on a fast-track growth path more than doubling its businesses year after year. It has a core competency in building, developing and promoting IT Parks, Integrated Townships, Urban Residential Complexes, Theme parks, and also in the area of building core infrastructure.

Present on the occasion, Mr. Syam Prasad Reddy, Managing Director & CEO of Indu Projects Ltd. felt that the study of real estate was extremely important to the economic development of the state and the nation. The ISB will bring a top professor of international stature to lead research, organize conferences/ seminars and interface with the academia and the practitioners to debate on key real estate & urban development issues. The Research will provide the much needed knowledge in this field and will also serve as a significant resource for realtors and infrastructure providers.

The Wadhwani Centre for Entrepreneurship Development (WCED) is the first Centre of Excellence set up by the ISB. It has been actively supporting entrepreneurs through training, research, mentoring and networking activities and provides opportunities for real time learning through interactions with some of the world’s best business leaders. It has successfully conducted various events such as the TiE- ISB Connect 2005, the Global Social venture Competition, K-Hub among others.