Finance and Accounting
Prashant Das, PhD is the Chairperson of the Finance & Accounting Area and an Associate Professor of Real Estate. He serves as a secondary member of the Centre for Management in Agriculture. He has been a guest faculty at Harvard University, and the University of California, Irvine, and a visiting faculty at various universities in China and Romania. In 2025, he was elected as a board member of theAmerican Real Estate Society. Earlier, he served as an Associate Professor and Director of the Real Estate Institute, and a member of the Academic Board at EHL Lausanne, Switzerland. Before Switzerland, He taught courses at the Robinson College of Business, Georgia State University Atlanta (USA) as a PhD scholar.
Prashant has been engaged with the industry through various consulting/advisory/ Board assignments. He helped the National Housing Bank in Developing India's first company for mortgage securitization. He serves on the governing/advisory boards of XISS Ranchi, NICMAR Pune, FLAME University Delhi and Alard University Pune.
At IIMA he developed an Agri Land Price Index (ISALPI) and an Art Price Index (IAIAI). His work has been featured in electronic and print media including Fortune, Doordarshan, CNBC, Financial Express, Economics Times, Mint, etc.
He has authored nearly 30 research papers for international journals and authored three books for SAGE, Routledge, and Kendall Hunt Publications. He regularly authors cases on real estate of which several are now listed by Harvard Business Publishing. He is currently working on two books on real estate. Two of his papers have earned best paper awards from the Journal of Real Estate Research(USA). He has twice earned the Practitioner Research Award from the American Real Estate Society and 11 international research awards.
Since 2020, he has been serving on the editorial boards of the Journal of Property Research (Taylor & Francis, UK) and the Journal of Sustainable Real Estate (American Real Estate Society). His research interests include commercial real estate (private equity, REITs, MBS, and hotels), behavioral real estate, and sustainability.
Earlier, he served on managerial and engineering roles with several firms/organizations including HCL Infosystems Ltd. and TCS. In his free time, Prashant likes to write short stories and poems, does oil painting on canvas, travels, and sculpts in clay and wood.
Primary Area : Finance and Accounting
Secondary Area : Centre for Management in Agriculture
Email : prashantd@iima.ac.in
Phone : +91-79-7152 4858
Secretary : Hena Nair
Phone : +91-79-7152 7914
Website : Personal Website
Doctor of Philosophy , Business / Real Estate, Georgia State University, Atlanta, USA, 2013
Master of Science, Land Development, Texas A&M University, College Station, USA, 2008
Bachelor of Architecture, Indian Institute of Technology (IIT), Roorkee, India, 2005
Real Estate (Finance, Investment, Valuation, Development, Securitization, REIT)
Financial Accounting
Commercial Real Estate (Private Equity, REIT, MBS, Sustainability)
Household FInance (homeownership, mortgage)
Hotels
Sentiments
Valuation
Alternative assets (art, movies)
Associate Professor of Real Estate Finance, Indian Institute of Management, Ahmedabad, 2020 – now
Associate Professor of Real Estate Finance, EHL Lausanne, Switzerland, 2018 – 2020
Acting Director, Real Estate, Finance & Econ. Institute
Member, Academic Board
Executive Education Course Leader
Visiting Faculty, Bucharest Univ. of Economic Studies (ASE), Romania
Visiting Faculty, Jaypee Business School, India
Visiting Faculty, Beijing Hospitality Institute, China
Assistant Professor of Real Estate Finance, EHL Lausanne, Switzerland, 2013 – 2017
Graduate Teaching Associate (Independent teaching responsibility), Robinson College of Business, Georgia State University, Atlanta, USA, 2010 – 2013
Associate (National) Product Manager, HCL Infosystems Ltd., New Delhi, India, 2007– 2007
Assistant Systems Engineer, Tata Consultancy Services Ltd., Mumbai, India, 2005 – 2007
IAIAI is a quarterly price index reflecting price movement in constant-quality modern art (paintings) by Indian artists auctioned over time. Currently, the index is based on artwork produced by the top 25 artists. The index has been put together using a data-driven methodology that analyzes price variations in artwork auctions of top 25 Indian artists across the globe over 20-years. IAIAI therefore can offer art enthusiasts, financiers, insurers, and other stakeholders across the sector, data to calculate the percentage change in the likely market price of an artwork over time.
ISALPI was launched during the second quarter of 2022. SFarmsIndia, a Hyderabad-based Agri Land (Online) marketplace, signed a memorandum of understanding (MoU) with the Indian Institute of Management Ahmedabad (IIMA) on 25 November 2021. The MoU laid out the blueprint for a collaborative research project on the pricing of Agri Land parcels listed on the SFarmsIndia platform. SFarmsIndia agreed to share new land listing data with IIMA on a regular frequency. IIMA agreed to explore the idea of developing an Agri Land Price Index for India based on the SFarmsIndia data. The first batch of data included over 6,000 listings across several states of India starting the January of 2019.
Developed Natural Vacancy Rate Indices across global markets for STR, London, UK & Nashville, USA, 2018
Conducted a study of real estate credit rating system in the United States, Korea Research Institute for Human Settlements, 2012
‘Integration of Retail Business in Multi-Use Real Estate Development’, EHL Lausanne, 2019
‘How to Develop Courses that Matter.’, EHL Lausanne, 2019
‘Financial Agility for Hotel Managers.’ , Coworth Park/ London (UK), 2019
Co-authored a white paper on Hotel Valuation for the Royal Inst. of Chartered Surveyors, Switzerland
Invited by the Securities and Exchange Board of India to critique the REIT regulation, Mumbai, 2015
Invited for feedback on the business school at Jaypee Business School, Noida (India), 2017
Member- Editorial Board: Journal of Property Research, Taylor & Francis, UK, 2020
Member- Editorial Board: Journal of Sustainable Real Estate, Taylor & Francis, UK, 2020
Member of the Academic Board: EHL Lausanne, 2018
Invited to serve on the Advisory Board of a US-based Hotel Fund, USA, 2018
Best manuscript award jury member, specific category, , ARES, 2017
Best manuscript award jury member, specific category ARES, 2016
Best manuscript award jury member, specific category ARES, 2016
Best manuscript award jury member, (specific category), ARES, 2014
Best manuscript award jury member, specific category ARES, 2013
Acting Director: Real Estate, Finance & Economics Institute, 2018
Led & delivered executive education workshops
Set up an International Board of Advisors
Organized webinars
Facilitated index development by the school
Co-Convener: HFE Conference, 2020
Area Chair- Lodging Real Estate: American Real , 2020
Session Chair
European Real Estate Society Conference, ESSEC Paris, 2019
American Real Estate Society Conference, Bonita Springs FL, 2018
‘Three Mantras of Success’, Bachelors’ , Graduation Speech, EHL Switzerland, 2020
‘Five Common Mistakes in Hotel Valuation’, RICS Switzerland, 2020
‘Pricing Anything in Commercial Real Estate’, NMIMS Mumbai, 2019
‘Hedonic Valuation for Commercial Real Estate’, RICS SBE Mumbai, 2019
‘Hotel Valuation using Hedonic Models’, RICS Switzerland, 2018
‘Pursuit of Wealth’ , Exec. MBA Graduation Speech, Switzerland
‘Pursuit of Happiness’, Exec. MBA Graduation Speech, 2017
‘Pricing Anything in Commercial Real Estate’, RICS School, Noida, 2017
‘A Primer on Real Estate for Architects’, IIT Roorkee, 2015
‘Behavioral Explanation to Spatial Dependence’, Univ. of Reading (UK), 2020
‘Behavioral Explanation to Spatial Dependence’, Univ. of Manchester, 2020
‘Behavioral Explanation to Spatial Dependence’ , IIM Bangalore, 2018
‘Determinants of Homeownership in India’, IIM Bangalore, 2013
Covid19: Hotels and Commercial Real Estate’, Indian School of Hospitality, 2020
‘Commercial Real Estate in the Covi-19 Era’,, REFE Institute, 2020
2025 - Among the Top Five Teachers at IIMA
2023 - Red Pen Award from The Journal of Real Est. Portfolio Mgmt. for excellence in refereeing
2022 - Best Paper Award from ICCRIP Conference, Pune
2022 - Paper of the Year award from Journal of Real Estate Research
2019 - Red Pen Award from The Journ. of Real Est. Portfolio Mgmt. for excellence in refereeing services(2019)
2019 - Practitioner Research Award from the American Real Estate Society (2019)
2018 - Best paper award (apartment category) from the American Real Estate Society (2018)
2017 - Best Paper (Conference)
2017, 18, 19 - Nominated for the “Teacher of the Year” Award by students and peers at EHL (2017, 18, 19)
2016 - Nambiar Developers Award for Best Paper in Real Estate from the Asian Real Est. Soc.(2016)
2016 - Practitioner Research Award from the American Real Estate Society (2016)
2016 - Attended the Harvard Case Method Teaching Seminar, Univ. of Vienna (2016)
2015 - Paper of the Year award from Journal of Real Estate Research (2015)
2015-20 - Nominated for the “Researcher of the Year” Award by peers at EHL (2015-20)
2015 - Excellence Diploma for teaching in the PGP program: ASE University (Bucharest) (2015)
2015 - Earned the Teaching Certificate (Attestation Pédagogique) by HES.SO Switzerland (2015)
2015 - Best paper award (sustainability category) from the American Real Estate Society (2015)
2014 - Completed the Robinson College of Business Teaching Seminar, GSU Atlanta USA (35 hours) (2014)
2013-now - Participated in over 20 pedagogic workshops (60+ hours) organized by EHL: (2013-now)
2012 - Best paper award (office category) from the American Real Estate Society (2012)
2012 - PREA Scholarship: Pension Real Estate Association, Hartford CT (2012)
2012 - Earned the GTA Teaching Excellence Award at the Georgia State Univ. Atlanta, USA (2012)
2012 - Travel Award, RERI Conference, DePaul University, Chicago, IL (2012)
2011-2013 - Colquitt ‘Buck’ Chandler Scholarship (Georgia State University) (2011-13)
2011 - Alpha Sigma Gamma (the International Real Estate Society) Honors (2011)
2011 - Best paper award (apartment category) from the American Real Estate Society (2011)
2010-11 - John H. Cowart Scholarship (Georgia State University) (2010-11)
2010 - Phi Beta Delta (by invitation: scholarly achievement in international education ) Honors
2008 - President (elected), International Graduate Student Association, Texas A&M University (2008)
2000-04 - Full Merit Scholarship, Indian Institute of Technology (2000-04)
