Business · Real estate · Infrastructure

How cities grow, and who builds them

I'm Adarsh Raj, a Grade 12 Commerce student at Welham Boys' School, Dehradun. I grew up around a family business that moved from distribution into residential real estate. Now I research how roads, rail and airports change what homes cost in India's Tier-II cities, and how family firms hand over to the next generation.

Adarsh Raj
2Research papers
2Industry internships
1International podium for India
Impact projects

Two questions I'm working on

One about the businesses families build, one about the homes families can't afford.

Major Impact Project

Passing the Torch

Professionalising management in family-owned businesses

Fewer than a third of family businesses survive into the second generation. This project looks at how they can bring in professional management during succession without losing what made them work.

Open the project →
Social Impact Project

Home Within Reach

Bridging India's affordable housing gap

How mid-sized developers in Tier-II cities can build homes that lower-middle-income families can actually buy.

Open the project →
Research

Two papers, one thread

Both start from something I saw at home: a family business that has to modernise, and a city that changes around it.

Published · 2026

Infrastructure, Connectivity and Residential Price Dynamics in India's Tier-II Cities

A comparative study of how new infrastructure lines up with housing prices in five cities, with Siliguri, a gateway to the North-East, as a qualitative case. It keeps a hard line between association and causation.

JaipurIndoreLucknowCoimbatoreNagpurSiliguri · case study
Cities
5 + 1
Method
Mixed
Focus
Tier-II

IOSR Journal of Economics and Finance · Vol. 17, Issue 3 · 2026 · pp. 120–195
DOI 10.9790/5933-170301120195

Read the paper (PDF) ↗
Published · Aug 2025

Balancing Legacy and Modernisation: A Framework for Successful Next-Generation Family Business Succession

A structured review of 52 peer-reviewed sources (2000–2025). It proposes the Legacy Renewal Framework, a four-stage model linking family legacy, professional governance, knowledge transfer and strategic renewal.

Sources
52
Span
25 yrs
Stages
4

IOSR Journal of Business and Management · Vol. 27, Issue 8 · 2025 · pp. 75–86
DOI 10.9790/487X-2708017586

Read the paper (PDF) ↗
Experience

Work and programmes

Sales & Business Development Intern

Internship
Neev Lifestyle LLP (NS Group) · Siliguri · May–Jul 2025

Benchmarked residential projects across Siliguri on location, pricing, amenities and target buyers, and wrote up the findings. Joined site visits and worked with the sales team on apartment configurations and pricing.

Business Operations Intern

Internship
NS Jewellers Siliguri LLP · May–Jun 2026

Analysed inventory movement to flag fast- and slow-moving lines, digitised the product catalogue, and drafted customer segmentation notes from the sales floor.

Ashoka University Young Scholars Programme

Programme
Sonipat · 1–5 June 2026

Completed the Entrepreneurship, Business & Leadership Essentials track with Ashoka faculty and students from across India.

Round Square Exchange, Brookhouse School

Exchange
Nairobi, Kenya · Nov 2025 · 14 days

One of four Welham students selected. Took Psychology, Sociology and Economics in the British IGCSE/A-Level system: fewer subjects, more depth, more discussion.

Leadership & debate

Rooms I've run and argued in

Leadership

Vice Chair, SPECPOL (UNGA-4)

WELMUN 2026 · Aug 2026

On the executive board of Welham's own conference, two years after attending as a delegate. Moderated debate, ruled on points of order, evaluated delegates.

Best Delegate

DISEC, SelaQui QMUN'26

Jan 2026 · Represented Canada

Co-authored Draft Resolution 1.2 on nuclear risk reduction with Pakistan and Russia. It passed, and Welham won the Overall Best Delegation trophy.

Business pitch

Eidolon Silk Works

Quid Pro Quo · Spectrum 2026

Pitched turning heritage properties into production sites for premium silk, across three revenue streams, and defended it under questioning.

  • Welham News, the school's media team, producing videos for Founder's Day and major school events (2024–present)
  • Writer for five school magazines: Oliphant (flagship), Innoventure (business), Fiducia (psychology), Politicia (politics), Sankalp (Hindi)
  • MUN Club and Business Club member
Service

Roshni Ki Udaan

A Welham service project with Aasraa Trust and the Bindi Foundation, assembling solar lamps with people who study and live without reliable power.

Sept 2025

GGIC Shelter Home

First session: assembled solar-powered lamps with girls supported by Aasraa Trust. I kept going back.

Feb 2026

Prem Dham old age home

Built Bindi Torches with the residents and gave them the finished lights. From Grade 11, a group of us visited most Sundays, simply to talk.

Mar 2026

Bajaj Institute of Learning

Built torches with learners who communicate mainly in sign language. Every step had to be explained without speaking. They taught me to spell my name in sign language.

Honors

Recognition at Welham

2026

Best Delegate, DISEC, SelaQui QMUN'26

Representing Canada.

2025

Certificate of Commendable Contribution, Military History Seminar

Commended by Welham in two editions: October 2023 and October 2025.

2025

Distinction Certificate and Bronze Scholar

For academic performance in Grade 10.

2025

Selected for the Round Square exchange to Nairobi

One of four students chosen from Welham.

2024

NCC 'A' Certificate

29 Uttarakhand BN NCC, after the annual training camp in October 2023.

Sport

Varsity, and on the podium

Gr 10–12

Varsity Skating Team

Inline hockey, roller hockey, roll ball and speed, at district and state level. Junior team from Grade 8.

Gr 9–10

Varsity Basketball Team

All India Golden Jubilee Tournament (2023, 2024), Afzal Khan Memorial, IPSC and the Mayo College U-19 tournament.

Gr 12

IPSC Swimming Team

Competed at the All India IPSC Swimming Championship.

State roller skating medals, Uttarakhand

G
Quad 300m · Open27th Open State Roller Skating Championship · Oct 2025
S
Inline Hockey · Open27th Open State Roller Skating Championship · Oct 2025
S
Roll Ball · U-173rd Uttarakhand Roll Ball State Championship · Aug 2025
G
Roll Ball · U-172nd Uttarakhand State Roll Ball Championship · Oct 2023
G
Roll Ball22nd UK Open State Roller Skating Championship · 2023

Off the clock: a 13,000 ft tandem skydive in Thailand, June 2025.

2017 – 2022 · GRADES 3 – 7

Where it started: Royal Global School, Guwahati

Five years of karate and maths olympiads in Guwahati, before Welham.

3
Represented India, South Asian Karate-Do ChampionshipThird place, Kata (ages 9–11) · Jan 2019
1
All Guwahati Karate-Do ChampionshipFirst place, Kumite (under 11) · Oct 2018
3
All Kamrup Karate-Do ChampionshipThird place, my first podium · May 2017
S
SOF International Mathematics OlympiadSchool-level silver, back to back · 2018 & 2019
Languages
  • English: fluent
  • Hindi: native
  • Bengali, Assamese: understand and speak a little
Get in touch

Happy to talk about real estate, family business or research.

adarshraj3068@gmail.com
LinkedIn →