New Delhi: Real estate consultancy firm Colliers India plans to strengthen its advisory services by adding new services and expanding into more tier II cities as part of its growth strategy. The company aims to hire around 400 employees this year, and had already hired over 1,000 employees in 2022. The move is aimed at meeting client needs and increasing headcount. Colliers India has been growing exponentially over the last three years and has added micro-specializations such as data centres and ESG services to its profitable service lines, such as capital markets, investment services, and project management.

Colliers India currently has 3,000 employees, making it one of the top three largest Colliers businesses in the Asia Pacific region. The company plans to explore adding technology as a service line and is breaking into more tier II markets. Colliers India’s Chairman & Managing Director, Sankey Prasad, said that the company is planning to grow its team by 15% in 2023. Prasad joined Colliers India as Managing Director in September 2019, following Colliers’ acquisition of a controlling interest in Synergy, a project management services company which has since been merged with Colliers in India.

The global leadership of Colliers, led by Chief Executive Officer of Real Estate Services Global Chris McLernon and Chief Executive Officer Asia Pacific John Kenny, visited India this week to reflect their trust in India’s growth story and potential. The visit is aimed at driving Colliers’ growth strategy to build size and scale in India. The company has been doubling the size of its brokerage business in the last few years and is now looking to do so in other lines.

The real estate sector in India, especially the housing and shopping mall segments, has recovered strongly in the last two years after the severe impact of the COVID-19 pandemic. Colliers India has successfully made inroads into secondary markets like Nagpur, Bhubaneswar, Indore, and Jaipur. Colliers, a global real estate consultancy, has a presence in 66 countries with 18,000 professionals and an annual revenue of USD 4.5 billion, with USD 98 billion of assets under management.

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