C&V Newsletter 2023

Post The C&V

As we begin 2024, I want to pause and express our deepest gratitude for your unwavering trust and partnership with CBRE. Your confidence inspires us to push boundaries and redefine what’s possible in real estate.

Reflecting on the years gone by, the real estate industry has displayed remarkable resilience in the face of macroeconomic challenges. 2023 witnessed robust performance, marked by strong leasing activity and solid market fundamentals - a testament to the collaborative efforts of all stakeholders.

The growing number of mandates executed across the Consulting and Valuation domain is a direct result of our team’s dedication and expertise. This high demand highlights the value we deliver to our clients.

Consulting has seen particular success in various sectors. Core Development Advisory, Alternate Assets, Workplace Solutions & Change Management have witnessed a surge in interest. Concurrently, segments such as Master Planning, Government Advisory, and Logistics have maintained steady growth. On the valuation front, Corporate Valuations, and Integrated Risk Management (IRM) have captured significant attention. Meanwhile, sectors like Mortgages and Plant & Machinery have continued to enjoy sustained interest levels.

Fueled by this positive momentum of 2023, we turn our sights to 2024, confident that the coming year will unveil endless opportunities for our shared triumph.

The Indian economy continues to demonstrate resilience as it maintains its growth trajectory aided by a narrowing current account deficit and near-record foreign exchange reserves, among other factors. The Reserve Bank of India’s (RBI) upward revision of its FY 2023-24 GDP forecast also adds buoyancy to the overall business sentiment. In addition, record inflows are being witnessed in the financial markets by domestic and foreign investors alike.

Office spaces have seen a notable resurgence, driven by high-quality supply in prime locations like Bangalore, Hyderabad, and Delhi-NCR, further fueling absorption. While the shift towards hybrid working models is anticipated to persist, a resilient “office-first” approach is evident, with corporate entities expressing optimism in expanding their portfolios. This bodes well for India’s position as a preferred market, further bolstered by the growth of Global Capability Centres (GCCs), contributing significantly to the demand for both conventional and flexible office spaces.

In the retail sector, despite challenges like increasing rents and limited space, consumer spending projections for 2024 remain robust. Prime high streets and shopping centers are expected to stay highly occupied, with retailers and landlords emphasizing long-term strategies. The momentum in retail expansion witnessed in the latter half of 2023 is expected to continue, with developers planning robust expansion not only in tier but also in tier II cities.

Looking ahead, strong demand in the Industrial & Logistics (I&L) sector promises to further strengthen leasing momentum in 2024. Rising transportation costs will drive various sectors to lease more space near industrial hubs, consumer hubs, and key transportation nodes. Occupiers are keen on upgrading and expanding in tier-I cities, penetrating new markets in lower-tier cities, and extending local distribution networks in emerging logistics hubs.

Furthermore, the burgeoning population, increased use of technology, social media & online streaming platforms, rising need for data localization and fast-improving digital infrastructure will continue to boost the DC demand in India in 2024. This is likely to result in the country becoming a key hub for DC development in APAC over the next decade. We also anticipate heightened interest from investors looking to capitalize on DCs as an alternate investment option.

Optimism by investors will drive Core and opportunistic investments with increasing interest from hospitality players, alternate assets, and corporates.

Overall, the real estate industry is brimming with potential. Driven by technological advancements, changing consumer preferences, and a focus on sustainability, the future promises exciting opportunities for collaboration.

Your trust, partnership, and support have always been instrumental in our collective success. Together, we are shaping the future of real estate, and I am confident that our collaboration will continue to yield positive outcomes in 2024 and beyond.

Thank you once again for choosing CBRE. Wishing you a prosperous and fulfilling new year.

What does the future have in store for the RE industry?

Key Predictions for Future

India’s Life Sciences Sector: Poised for Multi-Fold Growth, Beckoning Investors and Global Players

As India is one of the fastest-growing life sciences markets in the world, we expect the sector to contribute significantly to its economic growth over the coming years. The LS sector in the country is poised to see multi-fold growth by 2030, led by a fast-increasing population, rising life expectancy, a strong industrial base, and inclusive government initiatives.

We observed sustained leasing activity by LS firms during 2023 with a space take-up of 3.2 mn sq. ft. While the sector is at a nascent stage in India, several states, such as Telangana, Karnataka, etc., have ample opportunity to earmark parks for life sciences facilities. Buoyed by the increasing government healthcare expenditure and talent availability, global corporates are expected to continue investing in India for their research & development centers.

New supply is expected to continue its growth trajectory in the upcoming years with an increase in cluster developments such as bulk drug parks, medical devices parks, and pharma cities. ‘Flight-to-quality’ leasing by occupiers in new-age upcoming and existing life sciences parks is likely to result in vacancies dipping in the medium to long term. Furthermore, the sector would continue to evolve by leveraging government incentives, enhanced distribution networks, last-mile efficiencies, and via partnerships with third-party logistics (3PL) players to improve supply chain networks.

Space take-up by pharmaceuticals, biotechnology, medical devices, and healthcare firms is also expected to remain positive. Select companies are also considering taking up flexible spaces. Built-to-suit (BTS) developments with plug-and-play features and ESG standards will likely be preferred. Investors can look for opportunities to repurpose old buildings into specialized life sciences facilities and collaborate with local governments through public-private partnerships (PPPs) in the newly planned business parks and life science hubs.

Post The Key Predictions for Future

India’s Housing Hot Streak Continues: 2024 Outlook Forecasts Positive Growth

The residential sector concluded 2023 on a new high, with sales exceeding 322,000 unitsreporting a Y-o-Y increase of about 9%. This robust sales activity stimulated developers to launch over 313,000 new housing units during the year, marking an annual growth of about 6%.

The positive momentum witnessed over the past couple of years in new launches and sales will likely continue in 2024.

Projects in the premium/luxury segments would continue to witness healthy traction amidst a spate of new launches; mortgage rates are expected to have a relatively muted impact on demand from this segment.

Growth in capital values is expected to witness divergent trends among specific regions and property categories, primarily governed by unsold inventory and homebuyer appetite.

Affordability is no longer the sole decisive factor for homebuyers as health & safety, sustainability, and integration of smart home technologies have also emerged as core to home purchase decisions.

Alternative Investment Funds (AIFs) are poised to play a pivotal role in the ongoing development of the sector by not only exploring new opportunities but also actively fostering growth and facilitating the execution of projects.

We expect another year of strong top-line and bottom-line performance by developers, leading to a healthy surplus cash generation and strengthening of balance sheets.

Key Predictions for 2023

India’s Data Center Market Poised for Continued Expansion

India’s data center landscape is experiencing a meteoric rise, driven by a potent cocktail of factors. A population exceeding 1.43 billion, with an internet penetration rate of 62%, generates a tidal wave of data, demanding robust storage solutions. Government initiatives like Digital India, the Data Protection Act, and the 5G rollout further propel this growth by creating a data-friendly ecosystem. Cloud giants, BFSI companies, OTT platforms, and industries like engineering and manufacturing are rapidly adopting AI, each contributing significantly to the data center demand. Mumbai reigns supreme, housing nearly half the operational data centers, followed by Chennai, Bangalore, and other Tier I cities. Even Tier II locations like Kolkata and Jaipur are witnessing a surge in activity.

Several key trends are shaping the future of this dynamic sector. The low latency demands of 5G are fostering the rise of edge data centers closer to data generation zones. Sustainability is taking center stage, with data centers increasingly opting for renewable energy sources like solar and wind to meet their ESG goals. Cloud adoption remains the primary driver, with other sectors like BFSI and OTT platforms playing a crucial role. New entrants and global operators are bringing fresh investments and expertise, further diversifying the market.

Looking ahead, the Indian data center sector is poised for unwavering growth, transforming itself into a major real estate asset class. Continued investments, cutting-edge technologies, and a market adapting to the nation’s ever-growing digital needs are all but guaranteed. This data center boom will play a pivotal role in India’s digital transformation journey, ensuring its position as a global leader in the digital age.

Breaking News

Breaking News

CBRE in the News

CBRE expects consulting and valuation business to grow by 50%

Boosting India’s economy: The powerful role of GatiShakti’s supply chain development

Investments into Indian hospitality to exceed USD 2.3 billion over the next 2-5 years: CBRE

CBRE to enhance govt advisory business, expand to more cities

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

Incorporates Rajesh Pandit’s commentary on how Gati Shakti will enhance logistical efficiency and drive strategic growth nationwide, presenting compelling opportunities for mixeduse developments and retail spaces.

CBRE South Asia Pvt. Ltd, unveils the findings of its first-ever hospitality report ‘Indian hospitality sector: on a comeback trail’ highlighting the occupancy trends and growth in the hospitality sector in India. The reports stated that the total investment during 2020-2023 is likely to exceed $ 0.4 billion. 12,000 hotel rooms likely to be added in 2023 and the number of hotel rooms is expected to grow at an expected CAGR of 3.3% by 2025.

CBRE South Asia plans to enhance its infrastructure advisory, healthcare advisory, and education portfolio in government advisory business over the next two years.

Breaking News

Industry News

Vaishnavi Group to build and lease 3.3 lakh square feet space to Manipal Hospitals in South Bengaluru

Hospitality sector has great potential for employment generation, social inclusion, and economic progress: PM

Agreement inked for Multi Modal Logistics Park

Calcutta Port offers prime land for state’s first multi-modal logistics park

Post The

Leading real estate developer Vaishnavi Group announced its expansion of its partnership with Manipal Hospitals, India’s leading multi-speciality hospital chain to develop a built-to-suit hospital in South Bengaluru. This development assumes significance as there has been a significant uptick in the demand for quality infrastructure in the medical and wellness sector to cater to the growing medical needs of citizens.

The story talks about how the hospitality sector has great potential for employment generation, social inclusion, and economic progress, and it employs more women and youth compared to any other sector. It highlights Prime Minister Narendra Modi’s comments on how the government over the last nine years has tried to create a robust tourism ecosystem in the country in terms of transport infrastructure, hospitality facilities, skilled manpower, and even a liberal e-visa system.

The story spotlights GR Logistics Park (Indore) Private Limited, a wholly-owned subsidiary of GR Infraprojects, which has recently entered into a concession agreement for the development of a Multi-Modal Logistics Park (MMLP) situated in Indore, Madhya Pradesh, India.

The story is around the Kolkata Port, also referred to as Syama Prasad Mookherjee Port, offering an approximately 60-acre plot within the city to establish the state’s inaugural multimodal logistics park (MMLP). This MMLP will encompass various amenities, including warehousing, cold chain packaging, commercial offices, transportation, and logistics facilities.

CBRE Thought Leadership

CBRE Thought Leadership

By researching and analyzing global trends and opportunities, CBRE delivers valuable insights to customers to help them make more informed real estate decisions.

Beyond Metros: Tier-II Cities

Fuelling India’s I&L Boom

India’s tier-II cities are rapidly becoming prime locations for the growth of the industrial and logistics (I&L) sector. Improved connectivity and infrastructure, coupled with the surging e-commerce boom, strong consumption appetite, and the need to establish efficient local distribution networks to enable same-day deliveries, have made these cities increasingly attractive for occupiers.

A Roadmap to the Future of Advanced Manufacturing in Asia Pacific

Despite the continued global drive towards nearshoring and supply chain diversification, Asia Pacific remains a choice manufacturing destination. According to S&P Global1, Asia Pacific’s manufacturing outlook remains bright, driven by the recovery in the electronics exports sector and sustained growth in semiconductors and renewable energy sectors.

House View – Interim Budget 2024-25

Finance Minister Nirmala Sitharaman presented the Interim Budget 2024-25 amidst the government revising the GDP growth projections for FY2024-25 to close to 7% despite concerns over geopolitical risks, such as the Red Sea crisis, impacting global inflation and economic output.

The Office Sector’s Ascent: Tier-II Cities on the Horizon

India’s Tier-II cities are fast emerging as the next growth frontier for the office sector. Fuelled by the reverse migration during the pandemic, these cities have developed into vibrant hubs fosr service-based growth, attracting both domestic and global companies.

Post The

CBRE Thought Leadership

By researching and analyzing global trends and opportunities, CBRE delivers valuable insights to customers to help them make more informed real estate decisions.

India Retail Figures H2 2023

Retailers’ optimism regarding India’s potential for long-term success was reflected in the uptick in space take-up and supply addition during H2 2023. Retail activity was driven by absorption in newly completed investment-grade developments and sustained demand in secondary spaces.

India Market Monitor Q4 2023

The Indian economy continues to demonstrate resilience as it maintains its growth trajectory aided by a narrowing current account deficit and near-record foreign exchange reserves, among other factors. The Reserve Bank of India’s (RBI) upward revision of its FY 2023-24 GDP forecast also adds buoyancy to the overall business sentiment. In addition, record inflows are being witnessed in the financial markets by domestic and foreign investors alike. However, government and private expenditure, along with the manufacturing sector, are showing some signs of weakness.

India Industrial & Logistics FiguresH2 2023

Backed by consistent demand, the Industrial and Logistics (I&L) sector in India witnessed sustained space take-up during 2023 as leasing activity touched a historic peak of about 38.8 million sq. ft. In line with the absorption trends, the sector also witnessed an all-time high supply addition, with about 36.0 million sq. ft. of space becoming operational during the year.

CBRE Thought Leadership

By researching and analyzing global trends and opportunities, CBRE delivers valuable insights to customers to help them make more informed real estate decisions.

Tier II Cities - Retail’s Time to Shine

In the past couple of years, tier-II cities in India have been witnessing growth levels never seen before – the retail real estate sector being a significant beneficiary of this growth. A mix of factors such as economic expansion propelled by industry, infrastructure development, and the creation of new business hubs, have led to the emergence of a wealthier and more consumption-driven population.

MSMEs Unleashing the Engines of Economic Prosperity

This report emphasises the pivotal role played by the Udyam scheme, a government initiative designed to promote and foster the growth of MSMEs. Apart from several incentives by the central government, state governments too have introduced measures to incentivise the sector. As per the findings of this report, Maharashtra accounted for the highest share of MSMEs in the country at 17%, followed by Tamil Nadu (10%) and Uttar Pradesh (9%).

India Office Figures - Q4 2023

Despite geopolitical challenges and monetary tightening, the India office market performed better than expected in 2023. There was a marked resilience in occupier confidence with many deals getting finalised in the second half of the year. This improved leasing activity translated to Q4 2023 witnessing the highest quarterly office leasing activity ever!

CBRE

Consulting & Advisory Services Overview

Consulting

Consulting leverages deep, sector-specific expertise, the experience gained through thousands of client engagements and unparalleled intelligence and technology to holistically diagnose opportunities across multiple dimensions: experiences, transformational change and operations, location, and cost.

consulting assignments undertaken in 2023

155+

Whether you are building a new integrated strategy, undertaking the development of a new age real estate project, reimagining an existing one, or tackling just one aspect of your real estate ecosystem, our people help you develop innovative solutions to unique, complex and interdependent challenges. Professionals

prestigious government mandates undertaken in 2023

Post Services

Your asset value (land, building, plant and machinery) is a key factor in guiding business decisions. In today’s ever-changing market, you need access to the most comprehensive, real-time data and skilled professionals who derive intelligence from analytics. We help you realize the true value of your asset with trusted real estate insights from the most recognized professionals in the industry.

CBRE provides comprehensive valuation & advisory services for real estate owners, developers, corporates, investors and lenders, applying our specialized expertise in Real Estate and Plant & Machinery fields to deliver industry-leading valuation reports and analysis.

projects completed in 2023 properties valued in 2023 including small houses to large townships

230+

professionals

1,941+ 35,000 + To

more about our Valuation & Advisory Services

Post The Service Spotlight

Cities Consulting Services

Driven by the presence of a large in-house core team, CBRE is well equipped to assist Clients with a range of Planning & Design services on various development projects across sectors such as Residential, Mixed Use, Tourism, Retail, Commercial, Industrial, Health Care, Hospitality, and TODs, etc.

Masterplanning

Develop a Pre-concept / Concept masterplan to facilitate the Client n evaluating true potential of any land.

B R O A D S C O P E O F S E R V I C E S

Innovative Build ng Design solutions with focus on futuristic trends sustainability and technology

International quality masterp an created by our architects and validated by our adv sory capital markets and transact on teams for better ROI

Help the Client in preparing a truly international Placemaking Concept wh ch could be developed up to the execution stage

Tra ic Study Tra ic Analys s Tra ic

Solut ons - Access & Movement of people and vehic es with n and outside the campus

V A L U E W E CR E A T E A S C B R E

Building des gn done by our inhouse arch tects with significant nternationa experience Validated by our transaction teams for better ROI

Landscape design s only seen as flora and fauna but w th CBRE each landscape project is treated as Placemaking opportunity adding value to the revenue and product vity impact

Tra ic has a direct mpact on revenue

Overview

Powered by our integrated design services, CBRE Cities Consulting combines people, services, and knowledge to deliver innovative, customized, quality-oriented, and cost-effective solutions. The Masterplanning business vertical provides a wide range of services, from pre-concept and concept stages to building design and tendering processes for corporate as well as government mandates.

Backed by our team’s international experience of working with renowned design studios, we offer truly integrated design solutions for our clients. Our global best practices and unparalleled experience add extensive value throughout the decision-making process and implementation life cycle of any real estate-oriented project.

01

02

TEAM WITH INTERNATIONAL EXPOSURE PROJECT RANGING ACROSS SECTORS

MULTI-SECTOR COVERAGE

03

04

BESPOKE & INNOVATIVE SOLUTIONS SUSTAINABILITY AS THE CORE FOCUS

IT/ITES & COMMERCIAL HUBS

URBAN REGENERATION & PLACEMAKING

MIXED USE RESIDENTIAL & TOWNSHIP WATERFRONT

05

100% REPEAT

RETAIL & HOSPITALITY TRANSIT-ORIENTED DEVELOPMENT

INDUSTRIAL & WAREHOUSING HERITAGE AND TOURISM

Post The Service Spotlight

Exceptional Outcomes Delivered Our Comprehensive Service Offering

Our masterplans have helped Clients in securing Build-toSuit and Joint development partners.

Our concept masterplan facilitated in securing funding for the project for a Developer.

CBRE provides the full spectrum of urban infrastructure and real estate advisory services backed by unmatched industry knowledge and local market expertise. Our services and teams can be seamlessly tailored to provide an integrated and customized delivery model for every engagement

• Vision & Economic Planning

• Pre-Feasibility, Detailed Feasibility, and Detailed Project Reports

• Bid Process Management

• Policy Formulation

• Concept Planning & Design

Without losing the quality of the masterplan, we helped in achieving additional development area.

• Investment Promotion

• Strategic Portfolio Analysis

• Program Management

• Risk Monitoring Services

Our masterplan saved the Client from spending additional money to purchase TDR.

Assisted the Client in preparing a detailed design brief for hiring an international architect.

Our rigorous design review process helped the Client in creating an efficient and transaction proofed masterplan from the international design architect.

Masterplanning of the corporate office headquarters for an Industrial for a well-known Industrial Client

To know more about our services click below:

Post The Industry Events

Realty+ conclave & Excellence Awards

Vamshi KK Nakirekanti (Sr Executive Director Valuation Services, India & Head of Consulting & Valuation, SEA, CBRE) was a part of the Realty+ conclave and awards as an esteemed jury member.

Metro Rail Conference

Preetham Mehra MRICS (Sr Executive Director & Head of Government Practice, CBRE India) at the UP Global Investors Summit shared his insights on policy initiatives that will spur regional development, employment generation overall economic growth in the region.

HR Roundtable: on Priorities for 2023

Sumit Arora (Head – National Operations and Workplace Strategy, Consulting, CBRE) gave his view on the HR leaders priorities in 2023. Which HR trends will take prominence in shaping 2023 in the workplace.

Future of CRE in Work From Anywhere Era

Sumit Arora (Head – National Operations and Workplace Strategy, Consulting, CBRE) gave is perspective in the 4th Edition Coworking Conclave & Excellence Awards on future of CRE in work from anywhere era.

India Real Estate & Housing Conference

Alok Puri (Associate Executive Director, Head of Business Development, CRM and New Initiatives, CBRE India) moderated a session at the India Real Estate: Housing Conference on Transforming Urban Spaces: Redevelopment, Rejuvenation, and Sustainable Growth.

Building Perspectives

Indian Real Estate: Better on a ‘Capital’ Future Report Launch

Rami Kaushal (Managing Director, Consulting & Valuation Services, India, Middle East & Africa, CBRE) shared his perspective on our latest report, Indian Real Estate: Betting on a ‘Capital’ Future.

Rami Kaushal’s Perspective on Indian Hospitality Sector – On a Comeback Trail Report

Rami Kaushal talking about Resurgent growth & future of the Hospitality sector in India

Rami Kaushal (Managing Director, Consulting & Valuation Services, India, Middle East & Africa, CBRE) shared his perspective on our latest report, Indian Hospitality Sector – On a Comeback Trail.

Rami Kaushal, Managing Director Consulting & Valuation Services, India & MEA at CBRE, shed some light on the resurgent growth and future of the Hospitality sector in India

Rami Kaushal’s POV

Rami Kaushal (Managing Director, Consulting & Valuation Services, India, Middle East & Africa, CBRE) shared his thoughts on Resolving Regulatory Ambiguity: Transforming FOPs as MSM REITs.

India’s Hospitality Sector Report

Launch

Post

India’s hospitality sector is showing a remarkable comeback reflecting its strength and resilience. Discover the key drivers behind this resurgence and the exciting opportunities that lie ahead with CBRE’s

‘Indian Hospitality Sector: On a Comeback Trail’ report, providing valuable insights for industry professionals.

Post The People Spotlight

Rookie to Rockstar

Gunjan Bhan

Gunjan Bhan (Sr Associate Director, C&V, CBRE India) a star in the world of consulting and valuations. Started as a campus hire to now leading two regions in her team. Her unwavering commitment to her work has raised the bar for everyone, making her an invaluable member of the CBRE family.

Rookie to Rockstar

Shikha Paul

Shikha Paul (Senior Associate Director, C&V, CBRE India) a star in the world of consulting and valuations. With over a decade of experience, her unwavering commitment to her work has raised the bar for everyone, making her an invaluable member of the CBRE family.

Rookie to Rockstar

Vineet Verma

Vineet Verma, our #RookieToRockstar at CBRE India! As an Associate Director in Consulting & Valuation, Vineet has showcased exceptional talent and expertise in the real estate industry.

Prominent Wins

Valuation assessment of a portfolio of 7 institutional grade office assets

Team Members involved

Vamshi KK, Rukun Shadra, Saravana Yoganath, Ishan Khanna, Arun Ravindranath, Chakrapani G

About the Assignment

CBRE has been appointed by a large sovereign fund to conduct valuation assessment of a portfolio of 7 institutional grade office assets located across Bengaluru, Hyderabad & Chennai. Through this engagement, CBRE is contracted to support the client on their acquisition strategy, targeting a stake buy-out in the portfolio. As a part of this assignment, CBRE valuations team was able to successfully deliver the detailed diligence on valuation of this portfolio approximately worth 1 Bn USD. Additionally, client required a detailed valuation report covering the socio-economic profile of relevant cities along with demographic assessment, key policy initiatives, micromarket assessment, comparative asset analysis, etc. The overall portfolio comprises of 8.2 million sft of grade-A IT Parks in prime business locations with marquee tenants.

Valuation assessment of a portfolio of 25 operational hotels

Team Members involved

Vamshi KK, Vaibhav Jakhodia, Saurabh Khare, Tripti Singh, Vineet Jain, B Guru, Abhijeet Kohad

About the Assignment

CBRE has been appointed by one of the largest investment banking companies to conduct valuation assessment of a portfolio of 25 operational hotels with approx. 3,995 keys located across key Tier 1 and Tier 2 cities in the northern, western and southern states of India. The client has trusted CBRE with a unique opportunity to turn around this assignment in a very limited time frame. The portfolio comprises of upscale and midscale hospitality developments being managed and operated by leading hospitality operators like Fairfield, Sheraton, Holiday Inn, etc. Through this engagement, CBRE has performed an extensive market analysis to comment on demand assessment for the influence region based on the ongoing market dynamics, upcoming supply and the overall outlook for Hospitality segment. CBRE valuations team was able to successfully deliver the detailed diligence on valuation of this portfolio approximately worth 0.5 Bn USD. If this deal reaches conclusion, it would be one of the largest hotel acquisitions in the country.

Post The Prominent Wins

Client A prominent global bank Nature of instruction Workplace Stratey and Change Management Location Hyderabad Segment Bank

Change Management services for a prominent global bank

Team Members involved

Kavita Sheth, Sravya Gunapati, Arpita Ray, Sumit Arora

About the Assignment

The bank is consolidating its offshore entities in one building at a development in Hyderabad, with an intention is to enable their employees to transition into the New Ways of Working. As businesses identify the extent of implementing hybrid working as BAU, this would mean a significant change in the ways of working for their teams who will move to this new set-up (with a very high sharing ratio) from existing traditional spaces and will also be adopting hybrid working for the first time.

CBRE’s Workplace Strategy and Change Management team had developed the Future of Offshore Work strategy in 2020; the same team is currently developing the sitespecific strategy for this space and now we are awarded to conduct a Change management exercise that’ll support their employees with this transition.

Client Mahindra Lifespaces

Nature of instruction Development Advisory

Location

Chengalpet, Chennai

Segment

Retail and Entertainment

Retail Entertainment Dining strategy for MWCC, Chennai

Team Members involved

Alok Puri - special support

Venkat and Gopi - special support

Sourabha - PL

Rajarajeshwari - TL

Sreelekha

Nisha

Radhika

About the Assignment

CBRE was appointed to develop a holistic RED Strategy for Mahindra World City, Chennai identifying key anchor concepts to cater to the park at large and the hinterland; Key segments studied were: Sports, Entertainment, Waterfront development, Retail, et all.analysis to comment on demand assessment for the influence region based on the ongoing market dynamics, upcoming supply and the overall outlook for Hospitality segment.

CBRE valuations team was able to successfully deliver the detailed diligence on valuation of this portfolio approximately worth 0.5 Bn USD. If this deal reaches conclusion, it would be one of the largest hotel acquisitions in the country.

Post The Prominent Wins

Optimal Product Mix Strategy for an 80 acre land parcel in North Bangalore

Private Limited

Team Members involved

Abhilasha Bhagat, Juhi Gajjar, Chiara Dcruz, Vanshika Thandra

About the Assignment

Client is evaluating the development of a 200+ acre township development in North Bangalore of which 85 acres is allocated for residential use. Objective of the study is to formulate the most optimal development mix from a marketability standpoint, pricing and phasing strategy in order to obtain the maximum potential from the subject site.

Davangere, Bangalore

Segment Healthcare

Location Feasibility Assessment for an International Boarding School and Clinics in Bangalore; Feasibility study for a super specialty hospital in Davangere

Team Members involved

Abhilasha Bhagat, Prageeja K, Juhi Gajjar, Chiara Dcruz, Sreekumar Namboodhiripad, Nitesh Rawat Special Suport: Alok Puri, Deepti Dhawan

About the Assignment

CBRE has been appointed by the Client to carry out consulting services for three different projects in emerging sector.

• Feasibility study for a super specialty hospital on a 2 acre land parcel in Davangere: The objective of the exercise would primarily include the market assessment of healthcare segment in the catchment, competition analysis, perception survey and demand assessment while assessing the financial feasibility of the envisaged development.

• Location Feasibility Study for an International Boarding School: The objective of the study is to undertake a detailed market study/ assessment for education sector in Bangalore and provide critical inputs on the opportunity/ potential for an International boarding school from market and location perspective

• Location Feasibility Study for Clinics, Bangalore: The study would include undertaking location assessment study in order to formulate an optimal location strategy for setting up clinics

Post The Prominent Wins

Development Strategy for a Multi Modal Logsistics

Park in Bangalore

Team Members involved

Nitin Chandra

About the Assignment

The client has been awarded a concession from NHLML for a period of 45 years to establish a multi-modal logistics park in Bangalore. The client is receiving advice from CBRE about the formulation of a development strategy, which includes, but is not limited to, the identification of product mix, prospective target sectors for investment, and a development of detailed business plan.

Optimal development mix for a land parcel located in Ghansoli, Navi Mumbai

Team Members involved

Vishal Patil, Dipali Gandhi, Jignesh Surti

About the Assignment

The client (a large chemical conglomerate) has engaged CBRE for recommending a monetization strategy for a land parcel in Ghansoli, Navi Mumbai. The scope entails market assessment of multiple real estate segments which may be developed on the identified land parcel and financial feasibility for arriving at an optimal product mix and subsequently recommending a monetization strategy which may comprise direct sale / master developer model / JV / JDA.

Wins

Highest And Best Use Exercise for a 800 Acres

Land Parcel in Kota

Team Members involved

Deepti Dhawan, Kamal Peshwani, Abhi Sharma, Special Support: Alok Puri, Gunjan Bhan

About the Assignment

The client envisions development of a large-scale mixed usage township which would offer residents / occupiers / visitors a remarkable environment to live, work and is expected to comprise of the following components:

a) Core Real Estate segments ~ Commercial (IT/ ITES), Retail, Hospitality, Residential

b) Industrial segment ~ light and allied industries

c) Warehousing / logistics segment

d) Education ~ K-12 / Higher Education, iconic centers of learning and innovation

e) Emerging Segments ~ Data Center*, Co-living / Student Housing

The client wants the study to be undertaken in two Phases as follows:

Phase I: Detailed Study at the land parcel for IT / ITeS, education and residential components -

Phase II: Dipstick based market study for other segments mentioned above followed by a detailed study for 1 – 2 segments identified during dipstick study

Hyderabad Airport Metro Limited

Team Members involved

Vaibhav Jakhodia, Rukun Shadra, Ankita Gupta, Abhijeet Kohad, Siddharth Krishnamoorthy, Vaibhav Kumar, Amit Hamsa

About the Assignment

Hyderabad Airport metro Ltd is envisaging a development of an express metro rail line from Raidurg to Rajiv Gandhi International Airport in Hyderabad, Telangana and is in possession of 16 Land parcels. As part of the Project, the client intends to undertake Transit oriented Development (TOD) such as Property Development/Monetization, Revenues from brandings/ Advertisement rights, Station renaming etc. which can result in additional revenues from the project, apart from the core revenues from the services offered by the metro rail network. The entity has appointed CBRE to undertake the feasibility assessment for the TOD development and Non-Fair revenue opportunities from a market and financial perspective.

Prominent Wins

Development potential evaluation of the airport city side developments for an upcoming airport in the State of Andhra Pradesh

Team Members involved

Alok Puri, Vaibhav Jakhodia, Nidhi Singh, Vishal Makala

About the Assignment

CBRE has been appointed by one of the leading infrastructure Fund In India evaluating the development potential of the airport city side developments for an upcoming airport in the State of Andhra Pradesh. Under this engagement, CBRE would be assessing the development potential of various asset classes proposed to be developed in the upcoming airport and give an overall assessment from market and financial perspective. The current engagement was possible due to the CBREs proven capabilities in assessing the development potential of Airports and offer critical insights on the development potential to help the fund take informed decisions.

Market Study, Technical Due Diligence, & Valuation for Student Housing Development

Team Members involved

Alok Puri/Divya Goyal/Saurabh Khare/Vineet Verma/Deepti

Dhawan/Mohd Rafat/ Naveen Gupta/Abhi Sharma/Mohit Behal

About the Assignment

The client has appointed CBRE to undertake a market research exercise on the student housing segment in Phagwara, Punjab. The overall scope would also involve valuations and technical due diligence services for the purpose building student accommodation (PBSA) facilities within the LPU campus.

PBSA within the campus is spread over 600 acres making it one of the largest private universities in India. The project would be one of the biggest PBSA transactions in the country with the acquisition of nearly 25,000 beds across LPU.

Wins

Tawi Riverfront Development Project

About the Assignment

We are pleased to announce our engagement with Jammu Smart City Limited for the transformative Tawi Riverfront Development Project in Jammu. Our role involves a detailed study and land monetization strategy for approximately 125 acres of land at the city’s heart. The development aims to make the riverfront accessible to the public through various linkages, offering parks and promenades for a remarkable experience.

Once completed, it will become a vibrant and iconic destination in the region. CBRE’s domain experts are preparing a comprehensive development plan, detailed masterplan, and development control norms. Our team will provide valuable strategies for land monetization and assist in effective marketing, branding, and positioning.

We take pride in the positive impact and transformative outcomes this project will bring to the region.

Feasibility study for Heritage Tourism Development in 5 locations in Punjab

About the Assignment

We are thrilled to announce that we have successfully completed a comprehensive study for a state-owned agency under the Government of Punjab to evaluate the potential for tourismthemed developments in multiple locations. Our assignment involved assessing the demand potential for various tourism and hospitality components, conducting stakeholder interactions, and understanding market dynamics to create the most optimal product mix for available land parcels.

Our team even undertook a detailed financial feasibility assessment to arrive at the perfect development strategy for the subject land parcel.

We are proud to be a part of this initiative towards creating opportunities for hoteliers, developers, and other key operators in the region. Trust us, this is just the beginning of Punjab’s tourism revolution!

Awards & Achievements

Post The

Post The Awards & Achievements

2022 Milestones

FORTUNE 500

Ranked #135

FORTUNE

FORTUNE Most Admired Company #1 in real estate for 14th consecutive year

FORBES

A top company for diversity and women in 2022

FORBES

Named one of the best large employers in America

ETHISPHERE

Named one of the World’s Most Ethical Companies for ninth year in a row

IAOP

Among top few outsourcing service providers for Ethisphere World’s Most Ethical Companies Lipsey consecutive years

LIPSEY

#1 Brand for 23rd Consecutive Year

Leadership Team

Rami Kaushal Managing Director

Head – Consulting & Valuations –India, Middle East & Africa

Vamshi KK Nakirekanti

Senior Executive Director

Head – Valuation and Advisory Services, India & South East Asia

Saurabh Khare Senior Director Head - National Operations, Valuation Advisory Services, India

Sourav Hazra

Head –Industrial Advisory Services, India

Harish Nair

Senior Executive Director

Head – Consulting, India

Preetham Mehra Senior Executive Director Head – Government Practice, South Asia

Nitin Chandra Head – Logistics & Warehousing Advisory Services, India

Vaibhav Chaudhari

Head –Govt. Advisory Services, India

Divya Goyal Executive Director

Head – Investment Risk Monitoring Services, India

Alok Puri

Associate Executive Director

Head – Business Development, CRM & New Initiatives, India

Jasmine Singh

HeadMasterplanning Services, India

Jitesh Brahmkshatriya HeadCities Consulting, India

Sumit Arora

Associate Executive Director

Head – National Operations & Workplace Strategy, Consulting, India

Wall of Fame

10+ YEARS

Nitin Chandra Director Gurgaon

Kuldeep Singh Senior Manager

New Delhi

5+ YEARS

Pradeep P Nair

Associate Director Bangalore

Akshay Yadav Associate Director Gurgaon

Amit Kumar Senior Manager New Delhi

Jasmine Ahuja

Assistant General Manager Gurgaon

Pratik Pawar Senior Manager Mumbai

Kuldeep Singh

Senior Manager New Delhi

Nisha Kaviya

Assistant General Manager Chennai

Abhishek Arya Associate Director Gurgaon

Deepti Dhawan Associate Director Gurgaon

Nitin Sharma Senior Manager Gurgaon

Manish Verma

Senior General Manager Mumbai

Rahul Patil Manager Pune

Pranav Prakash

Assistant General Manager Gurgaon

Wall of Fame Post The

Post The Fun @ Work

CBRE INDIA Headquarters

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Post The

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Centre A, Alapatt Heritage Building

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Jaipur

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Chandigarh

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Indore

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Lucknow

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