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    NORTH AMERICAN Newsline                                                   MAY 08, 2026     |  The Indian Eye 36

                  The Fourth Wave: South Asian Real Estate

            Leaders Ride the Green Revolution in Chicago

            OUR BUREAU
            Chicago, IL
                   n a vibrant Friday evening
                   in April 2026, the Waterford
            OBanquet & Conference Cen-
            ter in Elmhurst, Illinois, buzzed with
            energy as the Association of South
            Asian Real Estate  Professionals
            (ASARP) hosted one of its signature
            events. Marking a decade of building
            bridges and creating pathways for the
            next generation, ASARP joined forc-
            es with Hawthorne World Group for
            an unforgettable night of networking,
            inspiration, and forward-thinking di-
            alogue on design, sustainability, and
            the future of real estate.
                Cocktails  flowed  during  the                                                                    savings on multimillion-dollar ac-
            opening networking hour, setting a                                                                    quisitions. He also detailed 1031 ex-
            warm, collegial tone. Guests—sea-                                                                     changes for deferring gains, enhanced
            soned  real  estate  professionals,  in-                                                              basis step-up benefits for estate plan-
            vestors, brokers, and community                                                                       ning, and generational wealth cre-
            leaders—gathered to explore how                                                                       ation. Shukla closed with a caution-
            sustainability is no longer a buzzword                                                                ary tale about AI-generated fraud,
            or moral checkbox, but a core driver                                                                  reminding the audience to stay vigi-
            of value, tenant demand, and long-                                                                    lant in an increasingly digital world.
            term profitability in commercial and                                                                      The evening’s centerpiece was
            residential development.                                                                              the keynote by Dr. Ganesan Visv-
                Anjali Mohanty, a dedicated                                                                       abharathy—affectionately  known
            Chicago-area real estate professional                                                                 as Dr. Vish—Founder, CEO, and
            with American Star Realty, skillfully                                                                 Chairman of Hawthorne World Cor-
            hosted the evening. She set an inclu-                                                                 poration. A pioneer with over 40
            sive tone, emphasizing collaboration,                                                                 years in sustainable development,
            knowledge-sharing, and opportuni-                                                                     Dr.  Vish  has  built  a  reputation  for
            ties that extend beyond traditional  a  financial  imperative.  Energy-ef-  properties, investment assets, and  net-zero green construction that inte-
            transactions. Shirin Marvi, Vice Chair  ficient,  ESG-compliant  buildings   SBA programs. Punjani highlighted  grates profitability with environmen-
            of ASARP and owner of Shirin Mar-  attract  better  financing,  stronger   competitive rates, minimal bank fees,  tal stewardship. His companies span
            vi Real Estate, delivered powerful  tenants, lower operating costs, and   and quick approvals for manufactur-  construction,  finance,  development,
            opening remarks. With her rich glob-  higher valuations. Post-2020 tenants   ing  equipment—practical  tools  for  materials, energy, life sciences (ge-
            al background and over two decades  prioritize health-focused environ-  professionals looking to grow portfo-  nomic testing), and communications
            of experience, she painted ASARP  ments—superior air quality, natural   lios or consolidate debt.     (low-cost rural internet).
            as more than an association—it is a  light,  and  efficient  utilities.  Verma   Pradeep B. Shukla, CPA, CCIM,   Dr. Vish shared his personal jour-
            movement. “When our professionals  stressed the risks of inaction: higher   and managing broker of American  ney, from an early three-flat building
            grow,  our  communities  thrive,”  she  future capital expenditures, reduced   Star  Realty,  brought  deep  financial  flip in Logan Square—where switch-
            declared, calling on board and advi-  buyer pools, and lost institutional in-  expertise. In  his segment “Building  ing from electric to gas heat boosted
            sory members to stand and receive  terest. For brokers and advisors, the   Bridges – A Decade of Vision & Per-  profits—to  landmark  projects  like
            well-deserved applause. The organi-  opportunity  lies  in  guiding  owners   severance,”  he  celebrated  ASARP’s  one of Chicago’s largest office-to-res-
            zation’s vision is bold: to become the  through value-add repositioning and   milestone while sharing timely up-  idential conversions in the South
            most trusted resource and leader-  sustainable upgrades. “The real ques-  dates, including the Private Listing  Loop. He invoked the Passive House
            ship hub for South Asian real estate  tion is not whether we should invest   Network’s expanded national reach  Institute’s definition of true sustain-
            professionals across North America.  in sustainability,” he noted, “but what   through Compass. Shukla dove into  ability: buildings designed to last 100
                Nick  Verma, founder  and  man-  is the cost if we don’t.”      powerful tax strategies enabled by  years. Yet he emphasized practical,
            aging broker of Midwest Realty &     Anil Punjwani, Business Re-    recent legislation, notably the One  scalable approaches: net-zero energy
            Brokerage and a key ASARP leader,  lationship Manager at U.S. Bank   Big Beautiful Bill Act (OBBBA). He  (producing all power on-site), net-ze-
            delivered  a  practical,  insightful  pre-  and event co-sponsor, followed with   illustrated how cost segregation com-  ro carbon, geothermal systems, solar,
            sentation on “Design, Sustainability,  grounded advice on financing. As one   bined with 100% bonus depreciation  permeable pavements, rain gardens,
            and Well-being in Commercial Real  of the largest lenders in the Chicago-  can unlock massive first-year deduc-  bioswales, native plants, recycled ma-
            Estate.”  He  made  it  clear:  sustain-  land market, U.S. Bank supports real   tions  on  fixtures  and  equipment—  terials, and superior indoor air quality.
            ability has evolved from a trend into  estate, equipment, owner-occupied   potentially  generating  six-figure  tax   -- Asian Media USA

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