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

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..