CBRE South Asia Pvt. Ltd, India’s real estate consulting firm, announced the commencement of its new offices in Chandigarh, Indore, Coimbatore, and Lucknow to strengthen its India presence.
The announcement is part of CBRE’s growth strategy to serve clientele in these rapidly growing tier-II markets closely. The four new offices will be positioned to introduce CBRE’s multidisciplinary offerings in northern and central India empowering clients to access customized regional expertise.
The four newly set up offices will accommodate a talent pool of over 400 employees in the next two years with skill sets, and relevant experience and carry forward CBRE’s winning workplace culture in these new markets.
With the latest expansion of the offices in Chandigarh, Indore, Coimbatore, and Lucknow, CBRE will now have 15 offices in India, apart from a presence in over 80 cities in India.
CBRE will extend its service offerings to its client base across Office, Retail, Residential, Industrial & Logistics, Data Centers, Healthcare & Education, Life Sciences, Hospitality, Government, and Alternate Investments in these markets. As per CBRE estimates, flagged by a strong underlying end-user demand and an expected high economic growth rate, these tier-II cities will rank in the list of attractive future investment destinations.
Establishing a strong regional presence will give an edge to foster client collaboration productively to deliver quality solutions. The expansion will also enable new business opportunities, rationalize resources, and develop the best local talent.
As a prerequisite to serving the local markets, CBRE will offer customized integrated services to clients under a single operating model, with facilities including transaction and project management, property management, investment management, appraisal and valuation, property leasing, strategic consulting, property sales, mortgage services, and development services.
“Our expansion plan in Chandigarh, Indore, Coimbatore, and Lucknow reaffirms CBRE’s long-term commitment to provide professional support and enhanced accessibility to our clients across the markets. I am confident about the high growth potential of these economically thriving regions with a large and growing consumer market that has led to increased investment activities. We intend to bring in local, and regional experts who are uniquely placed to manage clients and achieve sustainable results. It will also play a critical role in recognizing the diverse talent pool that these cities offer as we plan to add over 400 employees to our human resources. Besides this, the new offices will enable us to create a cohesive service network and leverage our capabilities<” said, Anshuman Magazine, Chairman & CEO - India, Southeast Asia, Middle East & Africa, CBRE.
