MUMBAI: Tanu Prasad is returning to Oberoi Realty as chief executive officer for malls, nearly seven years after she left to join rival Nexus Select Trust. The appointment reunites Prasad with Oberoi Mall, the Mumbai shopping centre she is credited with turning around during her first stint at the developer.
“Oberoi Mall and Sky City Mall are synonymous with unmatched lifestyle experiences in Mumbai,” says Prasad. “I am excited about this new chapter as we elevate the offerings, strengthen our relationships with retailers and curate exciting customer experiences.”
The move is a win-win for Oberoi Realty. Prasad has earned a reputation as the industry’s “turnaround specialist” after rescuing struggling shopping centres across India. At Nexus, where she spent seven years rising to senior vice-president and head of leasing, she transformed a portfolio of seven Prestige malls in south India that were rebranded under the Nexus umbrella. She also oversaw Nexus Ahmedabad One.
Her nearly two decades in retail leasing have made her a specialist in brand mix strategy, market research, lease negotiation and real estate transactions. She holds a Level 2 certification in marketing and leasing from the International Council of Shopping Centres.
Prasad originally joined Oberoi Realty in November 2007 as deputy general manager for retail leasing, a role she held for more than a decade. She was promoted to general manager in April 2018 before departing for Nexus in August 2019. During her tenure, she was instrumental in zoning Oberoi Mall and upgrading the asset whilst balancing profitability for stakeholders and viability for tenants.
Before entering property, Prasad spent nearly two years at Craftsbridge India, where she managed corporate sales of products blending utility needs with Indian handicrafts for clients including Jet Airways and ICICI Lombard.
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