Cushman & Wakefield to increase headcount in India
Cushman & Wakefield, a global leader in commercial real estate services is in talk to ramp up India headcount by 500, end of 2017 as reported to ET. The announcement came up with a primary focus on project management, leasing, and land transaction. Currently, the firm has 2,800 employees in India including 200 who joined in the past few months.
Talking about the escalating growth of the company, Anshul Jain, India managing director said, “We are strengthening our services, specially adding to those teams that are expected to see a greater growth momentum. We want to be market-ready as we see the Indian economy sitting on a cusp of exponential growth, propelled by the global economic advancements and Indian political initiatives”.
Jain also anticipated growth in the firm to return to the realty sector in the next 18 months. He is expecting total commercial leasing to be around 60 million sq ft by the end of 2017, and development activities to cross 50 million sq ft in commercial segment. “Our preparedness for this growth will help us capture greater market share. To support our growth, we have made some strategic hires across leasing, asset services, and project management business,” he said.
Property consultants’ are embarking on a journey of hiring and strengthening their workforce from realty developers and landlords. Cushman & Wakefield’s plan to increase its staff is not a single point focus on individual hiring, but also team acquisitions to add specialised services.
Cushman & Wakefield has 11 offices across Ahmedabad, Bengaluru, Chennai, Gurgaon, Hyderabad, Kolkata, New Delhi, Mumbai and Pune.