CBRE South Asia achieves milestone of 1 bn sq ft portfolio

14 Jun 2023 CW Team

The total capital managed by the business division in 2022 amounted to US $14 billion, covering various service and sector categories.

Among the sectors, residential emerged as the top contributor with a capital spend of USD 5.8 billion, followed by mixed use (USD 3.57 billion), office (USD 1.88 billion), industrial & logistics (USD 1.19 billion), and education (USD 0.13 billion).

Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, highlighted the firm's evolution and adaptation to the challenges posed by the pandemic, stating, "We have undergone a transition over the past several years as we adapted to the challenges of the pandemic and adopted new business practices. The expansion of the business division is aimed to enhance our scope of services and our footprint pan-India."

Apart from the aforementioned sectors, CBRE also managed projects in healthcare, retail, data centres, and hotels.

With a presence in 120 cities across India, the business team intends to extend its services to tier II cities such as Kochi, Indore, Chandigarh, Lucknow, Coimbatore, and Jaipur.

The PJM business division, which currently comprises over 2,200 employees, plans to expand its workforce by approximately 30-40 per cent in new service lines and geographical locations throughout 2023.

To improve efficiency and effectiveness, CBRE will emphasise the adoption and integration of technology. Tools such as Building Information Modeling (BIM), Virtual Reality (VR), and Augmented Reality (AR) will be utilised to enhance outputs in both new and existing services.

Gurjot Bhatia, Managing Director, Project Management India, South-East Asia, Middle East, & North Africa, CBRE, explained the company's approach, stating, "With the support of technical tools and organised processes, we collaborate with our clients at different phases of project needs to provide best-in-class services."

In 2022, CBRE South Asia, a real estate consulting firm, achieved a significant milestone by surpassing a total portfolio of 1 billion sq ft area under the company's project management (PJM) business division. The total capital managed by the business division in 2022 amounted to US $14 billion, covering various service and sector categories. Among the sectors, residential emerged as the top contributor with a capital spend of USD 5.8 billion, followed by mixed use (USD 3.57 billion), office (USD 1.88 billion), industrial & logistics (USD 1.19 billion), and education (USD 0.13 billion). Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, highlighted the firm's evolution and adaptation to the challenges posed by the pandemic, stating, We have undergone a transition over the past several years as we adapted to the challenges of the pandemic and adopted new business practices. The expansion of the business division is aimed to enhance our scope of services and our footprint pan-India. Apart from the aforementioned sectors, CBRE also managed projects in healthcare, retail, data centres, and hotels. With a presence in 120 cities across India, the business team intends to extend its services to tier II cities such as Kochi, Indore, Chandigarh, Lucknow, Coimbatore, and Jaipur. The PJM business division, which currently comprises over 2,200 employees, plans to expand its workforce by approximately 30-40 per cent in new service lines and geographical locations throughout 2023. To improve efficiency and effectiveness, CBRE will emphasise the adoption and integration of technology. Tools such as Building Information Modeling (BIM), Virtual Reality (VR), and Augmented Reality (AR) will be utilised to enhance outputs in both new and existing services. Gurjot Bhatia, Managing Director, Project Management India, South-East Asia, Middle East, & North Africa, CBRE, explained the company's approach, stating, With the support of technical tools and organised processes, we collaborate with our clients at different phases of project needs to provide best-in-class services.

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

Infrastructure Urban

13 Oct 2025

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

Technology

13 Oct 2025

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..