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.