CBRE Introduces Data and Tech Driven Development Solutions Platform

CBRE - Development Solutions

CBRE South Asia Pvt. Ltd., a real estate consulting firm, has announced the introduction of a new integrated, data- and technology-driven solution platform, Development Solutions, as part of its Project Management (PJM) business division.

For developers and investors, the service offering promises to reduce asset development costs by up to 12 percent.

Beyond the framework of conventional project management services, the offering is a customised, bespoke, and one-of-a-kind solution designed to address the challenges and opportunities that developers and investors face throughout the asset life cycle.

This premium offering from CBRE aims to attract top developers and institutional investors and promises to save clients 10 to 12 percent on project costs through the seamless incorporation of multiple services. In addition, the new service will provide developers with value propositions such as asset life cycle enhancement, superior data and technology-based decision making, SME participation, and an improved end-user experience.

In the next three years, CBRE intends to capture 25-30% of the market share.

The current prospective market size of this service line is estimated to affect 94 million square feet across the residential, industrial, and commercial sectors.

Development Solutions will be an integrated service comprised of a variety of specialised services, including ESG-Sustainability, Cost Consultancy, Design Advisory and Design Management, Development Advisory, and Testing and Commissioning, in varying proportions based on project specifications and client preferences.

CBRE seeks to be the preferred technical advisor for Investors and Developers as the segment's pioneer. This novel solution allows for enterprise-level, as opposed to project-level, client attachment.

Clients will benefit from CBRE's extensive local market knowledge, global reach, and depth, as well as our expertise in a variety of data and technology solutions. Under the Development Solution platform, CBRE has assembled a 300-member strong team with subject matter experts from across India. The squad size will double by the end of the year.

CBRE's chairman and chief executive officer for India, South-East Asia, the Middle East, and Africa, Anshuman Magazine, stated:

"With Development Solutions, we have expanded our capabilities to meet the specific requirements of our investor and developer clients by offering them a comprehensive array of services. The service will provide a comprehensive strategy for real estate development. Our team of specialists will collaborate with developers and investors to deliver customised solutions that maximise value, mitigate risk, and unlock unrealized potential."

CBRE India's managing director of project management for India, the Middle East, South-East Asia, and North Africa, Gurjot Bhatia, stated:

"Development Solutions is not merely an addition to our portfolio; it is a seamless integration that enhances the impact of our existing project management services. We are transforming the future of real estate development by combining our expansive knowledge, industry insights, and innovative thinking."

The PJM business division at CBRE has a presence in 120 cities in India. This year, the PJM business division intends to add approximately 400 personnel to this new service line, which currently employs more than 2,200 individuals. In addition to the standard Project Management services, CBRE PJM's verticals concentrate on ESG & Sustainability Consultancy, Design Advisory & Design Management, Capital Planning, and Quality Management.

The PJM division of CBRE is outfitted with tools such as Building Information Modelling (BIM), Virtual Reality (VR), and Augmented Reality (AR) that are used to increase output efficiency.