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CBRE South Asia Pvt. Ltd, a forerunner in real estate consultancy, has unveiled its ambitious plans to bolster its Consulting and Valuation (C&V) vertical by focusing on government business advisory. In the forthcoming two years, CBRE has slated to augment its portfolio in infrastructure advisory, healthcare, and education within the government advisory domain. The C&V segment of CBRE, enjoying a 35% market share, has been on a rapid growth trajectory with an annual growth rate of 25% over the last five years and an impressive portfolio management of $25 billion so far.
The organization is set to double its advisory team, targeting a strength of over 600 members in the next two years. This strategic team expansion is aligned with the goal of extending CBRE's reach across India, incorporating over 20 new cities into its business portfolio.
CBRE's C&V government advisory vertical, till now, has successfully catered to more than 1000 clients in both government and private sectors, advising on real estate strategies, investment decisions, and financial management. Remarkably, it has provided expert counsel on infrastructural projects such as city-side development of airports and revamp of railway stations. CBRE also prides itself on being the sole consulting firm advising on two government-planned film city projects, a significant stride towards boosting the media and entertainment sector in India.
The firm has consistently collaborated with the government, undertaking more than 250 assignments in areas such as bid process management, policy formulation, and feasibility studies, among others. With its dedicated vertical for government and public sector mandates, it has left its footprint in 100 top cities across 24 states in India. The extension to newer cities aims at catering to the evolving demands for superior real estate solutions, spurred by the robust growth of diverse sectors in the Indian economy.
The firm is also set to broaden its range of services, including predictive data analytical solutions and real-time investment monitoring, which will empower lenders and investors with real-time insights into their portfolios.
CBRE's C&V team, having its presence in key regions in India and South Asia, delivers diversified solutions across various real estate sectors and emerging segments. Over the last decade, the team has advised on projects accounting for over 70% of the capital flows in the real estate and allied sectors.
CBRE achieved several milestones in 2022, including the expansion to Tier 2 markets and significant technological advancements.
In conclusion, CBRE's strategic expansion and strengthening of its government business advisory reflect its commitment to maintaining its leadership position in the real estate consulting and valuation space. The move is expected to unlock new opportunities for growth, not only for CBRE but also for its stakeholders, by driving superior performance and providing innovative solutions.
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