Global property consultant CBRE will hire 3,000
employees across India this year for business expansion, it's country head Anshuman Magazine said.
CBRE's India revenue grew 20 per cent during
2018 and expects to maintain its growth even in 2019, he said, but did not
disclose the turnover figure.
The consulting firm has entered into housing
brokerage and now plans to expand this business in a big way, Magazine,
chairman and CEO of India, South East Asia, the Middle East and Africa, CBRE
said.
"We are a growing service firm and the
only asset we have is people. Therefore, we have been hiring the best talent
available in the market since the last
few years,” he told reporters while launching its new headquarter at Gurugram.
"In 2019, we expect to hire 3,000 people
across India to meet our growth requirement," Magazine said. At present, CBRE India has around 8,300
employees who provide various services in the real estate sector.
These services include that of advisory and
transaction capital market, project management, consulting and valuations,
facilities and property management.
On housing brokerage, Magazine said, the
company is selling flats in major cities of South and West India with sale
force of 75 people.
"We want to grow this business as there is
a huge scope. But, we will be cautious in our approach and market projects of
only credible developers," he said.
In housing brokerage business, CBRE will be
competing with the likes of Anarock, PropTiger, JLL India, Quikr, Square Yards,
360 Realtors, Investor Clinic and Wealth Clinic, among others.
Magazine noted that warehousing, co-working,
co-living, student housing, healthcare, education and hospitality sectors are
the new asset class where one can expect growth going forward.
“We expect institutional investment in this sector apart from regular inflows in
housing, office and retail assets,” he said, adding that warehousing and
logistics sector is already attracting huge investment post GST.
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