Research Analyst - Real Estate Sector

PPFAS Mutual Fund; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

PPFAS Mutual Fund in Mumbai seeks a curious, detail-oriented Research Analyst to track the Indian real estate sector, analyze listed developers, and provide a framework to value Real Estate Investment Trusts (REITs). Expect on-the-ground research, primary data collection, and ongoing sector notes.

Minimum 2 years of relevant experience; credentials such as CA, CFA (US), or MBA (Finance) are preferred. Mumbai-based, on-site role.

Qualifications

• Educational credentials preferred: CA/CFA or MBA (Finance).
• Minimum 2 years of relevant work experience in real estate research.

Responsibilities

• Track Indian real estate sector coverage (residential, commercial, retail).
• Conduct on-the-ground research including site visits and channel checks.
• Analyze project-level funding and developer liquidity.
• Prepare investment notes, result updates and sector briefs.
• Perform financial statement analysis of real estate peers and REITs.

Skills

Real estate research

Financial analysis

Education

CA

CFA (US)

MBA (Finance)

Job description

We are looking for a curious & detail-oriented Research Analyst to track the Real Estate sector. The Analyst will be responsible for tracking listed developers, analyzing the commercial and residential landscape, and providing a framework to track and value Real Estate Investment Trusts (REITs)

What Is Expected From You

• Sector Coverage: Maintain active coverage of the Indian real estate sector, including residential, commercial, and retail segments.
• On-the-Ground Research: Conduct primary research, including site visits, channel checks with brokers, property consultants, and monitoring micro-market supply/absorption data along with local regulatory filings.
• Funding & Capital Structure: Analyse project-level funding, including construction finance, private credit deals, and having a view on developer liquidity.
• Reporting: Prepare investment notes, quarterly result updates, and thematic reports on sector tailwinds/regulations (e.g., RERA updates, tax changes) and surface relevant industry reports and facts from time to time.
• Financial Analysis: Financial statement analysis of listed Indian and Global Real Estate companies.

Good To Have

• Familiarity with InvITs (Infrastructure Investment Trusts) or other listed & private yield-bearing vehicles.
• Prior exposure to site visits, project-level assessments, or developer interactions.
• Understanding of SEBI REIT regulations and disclosure frameworks.
• Knowledge of how real estate companies raise equity or debt from public markets.

Share your thought process: (Assignment upload)

• Please help us understand how you think by sharing an investment idea from the real estate sector that you have studied personally.
• Limit the length to 2 pages only(PDF Format) and the assignment upload option will become available after you complete the CV upload section.

Qualifications:

Educational credentials which give you the skillsrequiredto perform the role like-CA, CFA (US), MBA (Finance) are preferred

Experience:

Minimum 2 years of relevant work experience

Location:

Mumbai