Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MUMBAI-SUN Apollo Real Estate Advisors Pvt. Ltd. has had a change in upper management. Chetan Davé has stepped down as CEO and managing director. He will take up the role of senior advisor to the company while remaining on the board of directors. Prakash Kalothia has been tapped to fill the positions.

“I have been with SUN Apollo since its inception and helped raise the $630 million SUN Apollo India Real Estate Fund. After having relocated from the US, I have spent the past three years establishing the Indian operations, building a solid investment team and made several significant investments in all property types,” says Davé in a release. “At this point, keeping in mind certain personal priorities, I am looking forward to transitioning to a less intense role.”

SUN Apollo, an India-based advisor for a $630 million real estate fund, is a joint venture between SUN Group and AREA Property Partners.

Kalothia, formerly a managing director with the SUN Group, has overseen the real estate investments here since 2002. Before that he worked for Lend Lease Corp. and Larsen & Toubro.

“Prakash helped conceive of the idea of the Fund. He was invaluable in its formation and has been an active force on the Investment Committee. We have full confidence in his ability to build on Chetan’s success,” William Benjamin, CEO of Europe and Asia and COO of AREA Property Partners.

Prior to relocating to India for SUN Apollo, Davé was the CIO of Houston-based Transwestern. He has also served as a principal in the real estate group at J.P. Morgan Partners.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.