Mumbai, June 11 -- In a significant leadership transition, Mr. Vikas Jain, CEO of Labdhi Lifestyle, has been unanimously appointed as President ofNAREDCO Maharashtra NextGen,the youth-oriented arm of the National Real Estate Development Council (NAREDCO), Maharashtra. A first-generation developer from Mumbai, Mr. Jain succeeds Mr. Ridham Gada, who now assumes the role of Vice-Chairman, NextGen.

With the Indian real estate sector on the brink of a transformative phase and projected to reach a market size of US$1 trillion by 2030, Mr. Jain's appointment comes at a crucial juncture. As aproven turnaround specialist with a track record of reviving stressed projects, his appointment will help the NextGen benefit from his vast experience in F...