CBRE launches specialised services to support healthcare, education sectors

Hyderabad Real estate consulting firm CBRE South Asia Pvt Ltd has launched specialised business services to support healthcare and education real estate services in India here on Friday. It has already managed over 19 million sft and over 10 million sft in the healthcare and education domain respectively, servicing over 50 clients each. Now, it plans to strengthen the function, with an aim to capture the dominant market position in the relatively large and underserved sectors.

Anshuman Magazine, Chairman and CEO, India, South-East Asia, Middle East and Africa, CBRE, said: "We are witnessing considerable interest in both the healthcare and education sectors with substantial growth projected over the next decade. We are prepared to deliver unparalleled solutions and comprehensive real estate consulting advice to healthcare facilities and businesses in the education space in India. In line with rapid population growth, increasing life expectancy, growing affluence, the sectors are set to experience growth in the coming years."

Ram Chandnani, MD, Advisory and Transactions services, CBRE India, said: "Keeping top seven cities as priority, the service offerings will help deliver superior outcomes to full-service hospitals, single speciality players and diagnostic, wellness, pharma and health-tech players. With education being one of the key focuses on India's national agenda, CBRE plans to combine real estate advisory services and education sector expertise into a full-service integrated offering at every asset scale and market position."

Several factors are driving the growth within the health and education sectors, including a growing middle-class, an increased emphasis on public-private partnerships as well as accelerated adoption of digital technologies, including telemedicine, ed-tec along with increased FDI inflows over the last two decades. Healthcare sector is expected to reach $400 billion by 2023 and education sector to amount to $225 billion by 2025. With cities like Delhi, Mumbai, Hyderabad, Pune, Bangalore, Kolkata and Chennai expected to fuel further expansion.

CBRE plans to offer diversified, best-in-class services that will help reimaged real estate deliverables expected by key businesses within these domains. It will provide specialist team for strategic advices, market analysis, feasibility studies and valuations, as well as transactional services. CBRE offers strategic advantage to educational entities with tailored account management approaches for variable solutions that aid the growing demands for digitization and collaboration by securing strategic locations, lower occupancy costs and increasing market presence.