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CBRE facilitates Rs 85 crore bungalow deal

New Delhi, August 8, 2022 CBRE South Asia Pvt. Ltd, recently facilitated one of the biggest residential transactions in the Delhi-NCR region. CBRE mandated the transaction of a 866 sq yard bungalow in Sundar Nagar in central Delhi. 

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.” 

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.