The deal is one of the biggest residential transactions in the NCR-region
New Delhi, Delhi, India – Business Wire India
CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm, recently facilitated one of the biggest residential transactions in the Delhi-NCR region. CBRE mandated the transaction of a sprawling 866 sq yard bungalow in Sundar Nagar, one of the sought-after residential addresses in central Delhi. Sunder Nagar remains to be a preferred choice for the country’s top lawyers, judges and bureaucrats due to its proximity to the Supreme Court, High Court, Prime Minister’s Office and Rashtrapati Bhawan.
Commenting on the transaction, Gaurav Kumar, Managing Director, Capital Markets and Residential Business, CBRE India, said, “We expect there will be sustained demand for high-quality luxury housing in select locations. A combination of parameters including location, space, accessibility, and amenities of Sunder Nagar has led to an increased demand for residential properties housing in the area. CBRE’s value proposition in facilitating the Sundar Nagar deal and leveraging our asset management capabilities has generated value for all stakeholders.”
The latest post covid trend indicates that demand for bigger homes is rising. Pandemic has made the homebuyers realize that home ownership is not only about monetary value but also about security and comfort during difficult times. The continued work-from-home practices, widespread adoption of hybrid working among corporates, and online schooling is now resulting in a growing demand for bigger homes to incorporate home offices and classrooms. As per the latest CBRE India market monitor report Q2, the residential sector surpassed the unprecedented growth momentum of Q1 2022, with sales in Q2 growing by 9% Q-o-Q to set a record. On a Y-o-Y basis, the increase in sales exceeded 120%. Overall, H1 2022 saw more than 70% growth compared to a year ago. The growth trajectory of the residential real estate market could be described as a testament to its strong fundamentals. Going forward, the overall health of the residential sector is likely to remain firm on account of positive homebuyer sentiments.
CBRE offers residential services, including acquiring, disposing, and leasing residential properties across the country. CBRE’s team of experts assists HNIs, expatriates, diplomats, and corporates in leasing residential properties, investing in premium or budget residential developments, and selling residential assets. CBRE services also include providing comprehensive Expatriate Management Services under the residential services portfolio. Besides this, CBRE is also engaged in the practice of primary sales, exclusive project marketing, project evaluation, due diligence & price discovery, residential real estate intelligence, and secondary sales & leasing enabling fair deals for consumers.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
CBRE was the first International Property Consultancy to set up an office in India in 1994. Since then, the operations have grown to include more than 10,000 professionals across 10 offices with a presence in over 80 cities in India. As a leading international property consultancy, CBRE provides clients with a wide range of real estate solutions, including Strategic Consulting, Valuations/Appraisals, Capital Markets, Agency Services, and Project Management. The guiding principle at CBRE is to provide strategic solutions that make real estate holdings more productive and economically efficient for its clients across all service lines. Please visit our website at https://www.cbre.co.in/.
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