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Colliers India news: Colliers India forays into Residential Services, appoints Ravi Shankar Singh as MD for biz


Leading diversified real estate professional services firm, Colliers India has ventured into the residential business and has appointed Ravi Shankar Singh to lead the business as the Managing Director for Colliers’ Residential Transaction Services in India.

Having established a firm footing over the past few years in office services, project management, valuations & advisory services, capital markets and facilities management, among other businesses, the firm has now wants to strengthen its foothold into the residential space.

“Our vision for the firm has always been focused on crafting impactful solutions and accelerating success for our clients and people. Getting into the residential space has been in the works for a while, and we believe Ravi Shankar Singh, with his distinguished expertise and vast experience, is well-equipped to drive the business”, said Badal Yagnik, CEO, Colliers India.

Yagnik further said, “ He has a strong understanding of the present market needs and will collaborate with our top leaders to nurture the business, build high-performing teams, and drive meaningful outcomes for our clients. The demand for residential real estate is scaling, given the growth of several sectors, robust economics and an appetite for quality living, making this a fitting time to tap into the market and explore business avenues”.

Boasting over two decades of experience Singhwill leverage his strategic acumen and industry expertise to drive sales and provide comprehensive advisory services for upmarket residential properties. With professional stints at top real estate firms, he is adept in a broad spectrum of real estate capabilities, including residential transactions, investment sales, real estate portfolio management, and structuring real estate offerings for HNI clientele.

As several businesses across sectors witness increasing growth, an appetite for better living has been sweeping the market. The top 6 cities have witnessed an uptick in demand for residential real estate, and developers are meeting this demand by infusing quality supply into the market, backed by domestic and global investors.”I have been closely following the Colliers India growth story and it has truly been an impressive one. The firm has diversified into various segments over the last few years and has a clear vision of what it wants to achieve in its next phase. The residential market has immense potential as the homebuyer sentiment and purchasing power get stronger. The sales process has greatly evolved with much higher consumer involvement demanding quality service. I am grateful to the leaders for their faith in my capabilities and look forward to starting this new professional chapter with Colliers.”, said Singh.The Indian residential market is projected to sustain a positive growth with sales predicted to surge by 10-15%, reaching over 300,000 units, buoyed by a robust supply pipeline as developers expand into new markets. It will also see a robust supply pipeline, with many branded developers continuing to acquire land for new launches and their entry into newer markets.


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