The boom in the Commercial Real Estate (CRE) segment has been fuelled by a robust demand from MNCs and corporate India alike, particularly from IT/ITES, BFSI, Telecom and Pharma companies. Commercial grade “A” office space remains concentrated in the top seven cities with total supply of commercial office space (grade “A”, non captive) in the National Capital Region (NCR), Mumbai, Hyderabad, Bengaluru, Pune and Chennai together was recorded in the range of 40-45 million sq. ft. At the other spectrum, residential real estate has been driven by increasing urbanization, rising incomes and decreasing household sizes. The residential segment in India has been on an upswing over the past few years. In terms of value, the residential property market constitutes almost 75 per cent of the real estate market in India. The Working Committee of the 11th Plan (2007-12) has concluded that the total shortage of dwelling units at the beginning of Eleventh Plan Period i.e. 2007 was 24.7 million.

Real estate continues to be largely a regional play except for few large players with multi-region presence. As a firm with our offices in multiple geographies, we have a good understanding about various regions in the country and have worked with several real estate players across these segments. Majority of our business from this segment has been from debt syndication at project as well as entity level, apart from advising on growth plans, business strategy, M&A as well as one stop advisory for a complete life cycle for a real estate firm.