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cbre: CBRE expects consulting and valuation business to grow by 50%

Real estate consultancy firm CBRE has planned to strengthen government business advisory in the Consulting and Valuation (C&V) business vertical.

Over the next two years, CBRE will enhance its infrastructure advisory, healthcare and education portfolio in government advisory business.

CBRE’s C&V business segment has been reporting a 25% Y-o-Y growth consecutively for the past five years and commands the highest market share of 35%, with portfolio management worth US$ 25 bn to date.

CBRE aims to double the advisory team size to over 600 by next 24 months. The team expansion is aimed at strengthening the footprint across India, adding over 20 cities to the business portfolio.

C&V government advisory vertical has offered services to over 1000 government and private sector clients in firming up real estate strategies, investment, and financial decision-making, including design, due diligence, master planning and workplace strategies.

“Our consulting and valuation team provides strategic solutions that make real estate decisions more productive, sustainable and economically optimal for our clients. Taking this further, we anticipate this business line to grow by 50% in the next two years,” said Anshuman Magazine, Chairman & CEO, India, South East Asia, Middle East & Africa, CBRE.

The team, in the last 7 years, has successfully advised on city-side of over 10 airports with a total development cost of approximately Rs 1,00,000 crore. The government advisory team also has a close partnership with the Ministry of Railways and has effectively counseled on over 50 railway stations across India. CBRE has also advised two government-planned film city projects in India.

CBRE has collaborated with the government sector and has undertaken more than 250 assignments in the domain of bid process management, transaction advisory, policy formulation, feasibility studies, PPP structuring, vision and economic planning.

The expansion to new cities intends to address the increasing need for quality real estate solutions led by diversified sectoral growth of the Indian economy, including manufacturing and services sectors.

“Expansion of CBRE C&V team along with portfolio offerings will enable us to lead the industry and drive superior performance for our clients consistently”, said Rami Kaushal, Managing Director, Consulting & Valuation Services, India, Middle East & Africa.

CBRE would also expand its suite of services, including predictive data analytical solutions, live, real-time tracking of investment monitoring solutions, and interactive dashboards for lenders and investors.

These solutions would assist them in reviewing and assess the health of their portfolio on a real-time basis. It would also help them to identify any potential red flags that may arise in the projects and timely implement effective solutions to mitigate the challenge.

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