Anarock Group on Monday said it has launched a project management and engineering services (PMES) vertical to diversify its business and has hired around 550 professionals to serve clients across India. The Mumbai-based firm, which reported a total income of Rs 7.55 billion in the last financial year, expects the PMES business to generate revenue of about Rs 1.25 billion in FY27. Chairman Anuj Puri said the move is part of Anarock’s strategy to become a one-stop real estate solutions provider. Puri said the company has already secured multiple mandates with estimated consultancy fees of around Rs 0.8 billion and has onboarded about 550 employees to support the new business. Industry sources said around 350 of these hires, including several senior leaders, have joined from a global property consulting firm. In a statement, Anarock said the PMES vertical has already signed up 42 active clients and aims to meet rising demand for professional, technology-led project delivery in India’s expanding real estate market. Puri said clients increasingly want accountability and transparency across the entire project lifecycle, not just during sales. The PMES vertical offers project and construction management, turnkey and design–build solutions, and project advisory services for base-build and fit-out developments. By combining technology, structured processes and senior talent, Anarock said it aims to deliver projects on time and within budget. India’s engineering, procurement and construction management (EPCM) market is estimated at $69.28 billion in 2025 and is projected to reach $105.96 billion by 2030. Construction management services account for about 57 per cent of EPCM revenues, while the residential EPCM segment is growing at a compound annual growth rate of 11.56 per cent, driven by strong housing demand and government initiatives such as PMAY and RERA reforms. Founded in April 2017, Anarock raised Rs 2 billion a few years ago from 360 One Asset Management Ltd to fund organic and inorganic expansion. The group’s core businesses include residential brokerage, commercial leasing across office, retail, hospitality and warehousing, a flexible workspace marketplace, and a mobile application for housing society management.