MAM
TDI Infracorp bets on data-driven boss to crack Delhi’s property market
NEW DELHI: New Delhi’s property developers love talking about transparency. Rajat Bokolia actually means it. On 7 October, TDI Infracorp appointed him group chief executive across its three entities—TDI Infracorp, TDI Infrastructure and Newstone—betting that his data-driven approach can navigate the national capital region’s (NCR’s) notoriously fickle real estate market.
Bokolia brings 20 years of experience in NCR property, most recently as chief operating officer at Assotech Ltd. He’s also done stints at Raheja Developers, Unity Group’s Park Laureate Buildwell, and Jindal Realty, steering residential and commercial projects across the region. His reputation rests on an unusual skill in Indian real estate: reading market data and consumer trends, then acting on them.
That matters in NCR, where developers often operate on gut instinct and buyer sentiment swings wildly between micro-markets. Bokolia’s pitch is different. He champions what he calls “educated buyers”—punters who make property decisions based on research, trends and long-term value rather than speculation or marketing fluff. It’s a philosophy that aligns neatly with TDI’s stated aim of customer-centricity, though execution will be the real test.
Under Bokolia’s leadership, TDI plans to adopt a “data-first approach” using market research, predictive analytics and consumer insights to stay ahead of demand cycles. It’s the sort of corporate speak that sounds good on paper. Whether it translates into better projects and happier buyers depends on whether Bokolia can turn TDI’s sprawling residential, commercial and mixed-use portfolio into a more focused, responsive operation.
“NCR is one of the most competitive and dynamic property markets in India, and success here depends on foresight, transparency, and execution backed by data,” Bokolia said. He’s not wrong. The question is whether TDI, like its peers, can resist the temptation to chase quick wins over sustainable growth. Bokolia’s track record suggests he might just pull it off.
Brands
Jubilant FoodWorks faces Rs 47.5 crore GST demand, plans appeal
Tax authorities flag alleged misclassification of restaurant services
MUMBAI: Jubilant FoodWorks Limited has landed in a tax tussle after receiving a GST demand of Rs 47.5 crore from the office of the additional commissioner of CGST and central excise in Thane, Maharashtra.
The order, issued under the provisions of the Central Goods and Services Tax Act, 2017, relates to an alleged incorrect classification of certain services under the category of restaurant services. According to the tax authorities, this classification resulted in a short payment of goods and services tax for the period between the financial years 2019-20 and 2021-22.
The demand includes Rs 47.5 crore in GST along with an equal amount as penalty, in addition to applicable interest. The order was received by the company on March 13, 2026.
In a regulatory filing to the BSE Limited and the National Stock Exchange of India Limited, the company said it disagrees with the order and believes its arguments were not adequately considered.
The company is preparing to challenge the decision and plans to file an appeal. It added that once the redressal process is complete, the demand is likely to be dropped.
Despite the sizeable figure attached to the notice, the company said it does not expect any material impact on its financials, operations or other activities.
The disclosure was signed by Suman Hegde, EVP and chief financial officer, who confirmed that the company received the order at 19:06 IST on March 13 and has already initiated steps to contest it.
The development places the quick service restaurant major in the middle of a tax debate that could hinge on how certain restaurant-linked services are classified under GST rules. For now, the company appears ready to take the matter from the tax office to the appeals desk.
