India has witnessed an average annual investment volume of $ 8.5 bn over the last eight years
National – March 19, 2024 – CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, is the top-ranked firm for Capital Markets & Land in India, with a 64% market share during 2023, according to the MSCI Real Assets. CBRE India has been ranked top for the eighth consecutive year for Commercial Real Estate Investment Activity. The Indian market witnessed a cumulative investment of ~ $ 67 bn over the last eight years. The office sector has been a consistent performer, with a cumulative share of 40%, followed by land at 27%.
CBRE India held the top spot in MSCI Real Assets’ India rankings in 2023 across the two largest asset classes — office (52.2% market share) and land (69.4% market share). In terms of city distribution, Mumbai leads the investment volume with a cumulative share of 29%, followed by Delhi NCR with a share of 20% and Bangalore at 19%. Whereas Chennai, Pune and Hyderabad together contributed a share of 24%.
Anshuman Magazine, Chairman & CEO, India, Southeast Asia, Middle East & Africa, CBRE, said, “This incredible result is a testament to our strong client relationships as well as local market knowledge and cultural insights. CBRE’s team of premier professionals, culture of collaboration, world-class reputation and long-standing relationships with global capital sources ensure speed to market and enhanced outcomes for our client’s real estate investments”.
Gaurav Kumar, Managing Director, Capital Markets & Land, CBRE, India, said, “We are now a destination of choice for global investors looking to participate in the phenomenal growth story of Indian Real Estate. At CBRE Capital Markets, we have consistently advised on transaction volumes of $1.5-2 bn every year – evidence to the promise that the country holds.”
Globally, CBRE has also been the top-ranked firm for commercial real estate investment sales for the 13th consecutive year, with a 23.5% market share across all property types. In addition to being number one globally, CBRE held the top spot for commercial real estate investment sales in Asia Pacific with a 33.1% market share. It also held the top spot in the Americas with a 23.4% share.
CBRE was the number one firm in RCA’s global rankings across most property types, including office, industrial, retail, apartment and development site sales.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management, property management, investment management, appraisal and valuation, property leasing, strategic consulting, property sales, mortgage services and development services.
CBRE was the first International Property Consultancy to set up an office in India in 1994. Since then, the operations have grown to include more than 11,000 professionals across 15 offices, with a presence in over 80 cities in India. As a leading international property consultancy, CBRE provides clients with a wide range of real estate solutions, including Strategic Consulting, Valuations/Appraisals, Capital Markets, Agency Services, and Project Management. The guiding principle at CBRE is to provide strategic solutions that make real estate holdings more productive and economically efficient for their clients across all service lines. Please visit our website at https://www.cbre.co.in/
