Game Changers of Realty: Women Who Are Reshaping Indian Real Estate

The Indian real estate sector, long dominated by male leadership, is witnessing a remarkable transformation, thanks to a new wave of dynamic women leaders who are redefining industry norms. From spearheading sustainability initiatives to driving business expansion and innovation, these women are making significant strides in shaping the future of real estate in India. Here, we spotlight five influential women who are setting new benchmarks in the sector.

1. Nirupa Shankar – Executive Director, Brigade Group

(Source: Wikipedia)

Since its inception in 1986, Brigade Group has become one of South India’s leading real estate development firms. Among its leadership, Nirupa Shankar stands out for her extensive contributions to the company’s growth. With a background in economics and a master’s degree in hospitality, she joined the Brigade Group in 2009 as a management trainee, working hands-on with frontline staff to understand the challenges in hospitality, retail, office spaces, and lifestyle properties.

Over the years, she rose to the position of Executive Director and now oversees multiple verticals, including hospitality, retail, office spaces, human resources, and public relations. Her leadership has significantly influenced the company's strategic direction and operational excellence, making her one of the most impactful women in Indian real estate.

2. Shweta Rathore – AVP, HR, Ajmera Realty & Infra India

(Source: ajmeragroup.com)

As a key HR leader at Ajmera Realty & Infra India, Shweta Rathore has played an instrumental role in scaling the workforce by 48.78% in 2024, a crucial factor in the company’s business expansion. Her strategic hiring models have attracted top talent for leadership and project execution roles, while her emphasis on digital onboarding and upskilling initiatives has boosted employee efficiency. Additionally, Rathore has been a strong advocate for sustainability, ensuring that employees are well-trained in ESG compliance and digital transformation.

One of the biggest challenges she overcame was managing workforce engagement and safety during the pandemic. With site operations facing unpredictable lockdowns, she successfully balanced digital and physical workflows while prioritizing mental well-being and performance management. Her strategic vision in HR has set a new precedent for employee-centric growth in real estate.

3. Reeza Sebastian Karimpanal – Executive President, Residential Business, Embassy Developments

(Source: cxooutlook.com)

Leading one of India’s most significant residential portfolios, Reeza Sebastian Karimpanal has been at the forefront of Embassy Developments’ resurgence in the housing sector. Overseeing 28 million sq. ft. of completed and upcoming residential projects, her leadership has been instrumental in shaping the company’s sales and marketing strategies.

A key challenge she navigated was building a high-performing team that could align with the company’s ambitious vision. By adapting her leadership style to foster determination, encouragement, and collaboration, she successfully created an empowered workforce. Her strategic mindset and ability to bring people together have positioned Embassy Developments as a leader in India's real estate landscape.

4. Megha Goel – Chief HRO, Godrej Properties

(Source: People matters)

With a career spanning multiple leadership roles at Godrej Group, Megha Goel has been a force to reckon with in real estate HR management. She has played a pivotal role in talent development, ensuring that 16% of the company’s employees have grown internally through strategic workforce planning. Under her leadership, Godrej Properties launched GPL Alchemy, a learning academy that provides upskilling opportunities to over 2000 employees annually.

Building capabilities within a workforce of over 3,000 employees was no small feat. Yet, Goel’s ability to blend corporate culture with high-growth strategies has created an environment where employees thrive. Her commitment to gender diversity has also increased the representation of women in leadership positions, making her an inspiration for aspiring women professionals in the sector.

5. Uzma Irfan – Director, Prestige Group; Founder, Sublime

(Source: Prestige group)

A pioneer in branding and luxury real estate, Uzma Irfan has played a crucial role in shaping the identity of Prestige Group. Her work in corporate communications, luxury brand building, and customer engagement has elevated Prestige Group’s status as a leader in high-end real estate.

One of her most notable contributions has been transforming UB City, India’s first luxury mall, into a cultural and lifestyle landmark. By seamlessly integrating business and culture, she has created an aspirational brand that resonates with consumers. Despite being in a family-run business, she has carved out her own identity, proving that leadership is about impact and vision rather than hierarchy.

6. Sanya Runwal – Director, Retail & Marketing, Runwal Realty

(Source: indiaretailing.com)

At Runwal Realty, Sanya Runwal has been instrumental in rebranding the company to align with modern sensibilities while staying rooted in its legacy. Her leadership in sustainability initiatives has led to securing LEED and IGBC certifications for Runwal projects, ensuring responsible and energy-efficient construction practices. One of the biggest personal challenges she overcame was imposter syndrome. By focusing on knowledge and adaptability, she built credibility through consistent performance and strategic decision-making. Her efforts in revamping the company’s digital marketing strategies have resulted in a 4X increase in audience reach, showcasing her expertise in modern real estate branding.

7. Manju Yagnik – Vice Chairperson, Nahar Group

(Source: thepropertytimes)

Recognized as one of the stalwart women in real estate, Manju Yagnik has changed the perception of the sector with her exceptional understanding of consumer behavior, marketing skills, and strategic initiatives. While Nahar Group already had a strong presence in Mumbai’s real estate market, her contribution to the group’s flagship township project, Nahar’s Amrit Shakti, earned international recognition. This township integrates state-of-the-art infrastructure, an international school, a medical and business center, a supermarket, shopping avenues, and a clubhouse.

The real estate sector in India is evolving rapidly, and these women are playing a significant role in driving this transformation. Their leadership, resilience, and innovation are setting new industry standards, paving the way for greater inclusivity and excellence. As real estate continues to expand, the influence of women like Shweta Rathore, Reeza Sebastian Karimpanal, Megha Goel, Uzma Irfan, and Sanya Runwal will undoubtedly shape the future of India’s urban landscape.