Newmark Announces Expansion into India; Appoints Sathish Rajendren to Lead APAC Growth

Global commercial real estate advisory firm Newmark Group, Inc. has entered the Indian market with the launch of its Property and Facilities Management (PFM) operations, marking a key step in its Asia-Pacific growth strategy. To lead this expansion, the company has appointed Sathish Rajendren, FRICS, SLCR, MCR, as Executive Managing Director for Property and Facilities Management.

Based in Bangalore, Rajendren will oversee operations across India and APAC, focusing on delivering consistent, high-quality management solutions for property owners and occupiers. His appointment marks a major step in Newmark’s plan to strengthen its presence in high-growth international markets.

Luis Alvarado, Chief Operating Officer at Newmark, said the expansion aligns with the company’s broader strategy to deliver end-to-end solutions throughout the asset lifecycle. “Newmark continues to evolve to meet clients’ needs across every region and stage of the asset lifecycle,” he said. “Our growth in India exemplifies our continued delivery of holistic, long-term solutions that create lasting value for investors and occupiers, while advancing our goal to expand recurring Management Services and Servicing revenues globally.”

Richard Holden, President of Property and Facilities Management, described the India entry as a significant milestone in Newmark’s regional expansion. “India’s scale, growth trajectory, and sophistication make it an essential market in our global strategy,” he said. “This is a very meaningful step for our Property and Facilities Management business, and we are committed to being a frontrunner in these markets. Sathish’s deep experience across global and APAC markets strengthens our mission to provide best-in-class management services.”

A Seasoned Leader with Global Experience

With more than 22 years of leadership experience in real estate and facilities management, Sathish Rajendren brings a proven record of scaling operations, driving transformation, and delivering strong growth across occupiers, developers, investors, and government entities.

Before joining Newmark, Rajendren served as Senior Executive Director at Knight Frank India, where he played a key role in expanding the company’s property and facilities management business tenfold. He oversaw a portfolio of more than 350 million square feet across India, helping position the firm as one of the top service providers in the country.

Earlier in his career, Rajendren held senior leadership roles at Cushman & Wakefield, where he managed over 140 million square feet in property services. His expertise spans diverse sectors, including corporate occupiers, investment-grade developments, and large public infrastructure projects.

An alumnus of INSEAD and the Indian Institute of Management, Bangalore, Rajendren is widely recognized as a thought leader in the industry. He was recently named to the 2025 CoreNet Global Distinguished Leaders Circle, an honor that will be celebrated at the upcoming CoreNet Global Summit in Anaheim, California.

Strengthening India’s Property and Facilities Management Landscape

Speaking about his new role, Rajendren said India’s property and facilities management industry is at a turning point. “India represents one of the fastest-growing commercial real estate markets in the world, fueled by rapid urbanization, foreign investment, and an expanding corporate occupier base,” he said. “Newmark’s global expertise, advanced technology, and client-first approach position us to redefine the management landscape in India. We see tremendous opportunity to deliver greater efficiency, sustainability, and value for clients as the market continues to evolve.”

India’s commercial real estate market has shown remarkable resilience and momentum in recent years. Government and industry data indicate that office space absorption reached nearly 60 million square feet in the first nine months of 2025, driven largely by the technology, financial services, and global capability center (GCC) sectors. This demand has been supported by major infrastructure projects, increasing inflows of institutional capital, and a growing focus on high-quality asset management.

Building a Strong Foundation for Growth

Newmark’s entry into India comes at a time when both domestic and global investors are seeking reliable, technology-driven management partners. The company’s new India hub will not only deliver services locally but will also serve as a strategic center for supporting multinational occupiers and investors across the Asia-Pacific region.

By establishing a base in India, Newmark aims to strengthen collaboration across global portfolios and enhance operational efficiency. The firm’s Property and Facilities Management teams will focus on integrated solutions that combine sustainability, technology, and service excellence—key priorities for both investors and corporate occupiers in a fast-changing market.

Unified Services for Global Clients

Newmark recently unified its Property Management and Facilities Management service lines to provide seamless, end-to-end solutions for clients worldwide. This move is part of its broader effort to simplify service delivery and leverage technology and expertise across regions.

These integrated operations form a core vertical within Newmark’s Management Services platform. In 2024, this business generated USD 1.1 billion in total revenue, including USD 833 million from Management Services and USD 274 million from Servicing Fees and Other Revenues. The company’s global model combines local insight with international best practices to help clients optimize their real estate portfolios, improve operational performance, and achieve sustainability goals.

A Strategic Step for Newmark’s Global Vision

The expansion into India underscores Newmark’s long-term commitment to strengthening its presence across Asia-Pacific. The region has become increasingly important for global investors and occupiers seeking scalable, data-driven solutions for managing diverse property portfolios.

With its fast-growing economy, skilled workforce, and expanding base of multinational companies, India offers fertile ground for the next phase of Newmark’s growth. Under Rajendren’s leadership, the company aims to set new benchmarks in property and facilities management by combining innovation, operational excellence, and a deep understanding of local market dynamics.

For Newmark, the India expansion represents more than just geographic growth—it signals a broader shift toward integrated, technology-led management services that can adapt to the evolving needs of clients around the world.