Sunday, June 16News That Matters

Colliers India forays into Residential Services; appoints Ravi Shankar Singh as Managing Director, Residential Transaction Services, India

Gurgaon, 15th January 2024: Leading diversified real estate professional services firm, Colliers India, ventures into the residential business. Having established a firm footing over the past few years in office services, project management, valuations & advisory services, capital markets and facilities management, among other businesses, the firm has now announced its expansion into the residential space.

Ravi Shankar Singh

Ravi Shankar Singh has been appointed to lead the business as the Managing Director for Colliers’ Residential Transaction Services in India. Boasting over two decades of experience, Ravi is no stranger to the real estate industry. With professional stints at top real estate firms, he is adept in a broad spectrum of real estate capabilities, including residential transactions, investment sales, Real Estate portfolio management, and structuring real estate offerings for HNI clientele. Ravi will be based out of Colliers’ Gurugram office.

As several businesses across sectors witness amplifying growth, an appetite for better living has been sweeping the market. The top 6 cities have witnessed an uptick in demand for residential real estate, and developers are meeting this demand by infusing quality supply into the market, backed by domestic and global investors. Being a trusted real estate advisor with a noteworthy market reputation, Colliers is now focused on diversifying into the residential segment, given its growing scope. The residential transactions business will primarily focus on understanding and meeting the needs of high-net-worth individuals seeking real estate investments.

“Our vision for the firm has always been focused on crafting impactful solutions and accelerating success for our clients and people. Getting into the residential space has been in the works for a while, and we believe Ravi Shankar Singh, with his distinguished expertise and vast experience, is well-equipped to drive the business. He has a strong understanding of the present market needs and will collaborate with our top leaders to nurture the business, build high-performing teams, and drive meaningful outcomes for our clients. The demand for residential real estate is scaling, given the growth of several sectors, robust economic and employment opportunities, and an appetite for quality living, making this a fitting time to tap into the market and explore business avenues.”, said Badal Yagnik, CEO, Colliers India. Ravi will leverage his strategic acumen and industry expertise to drive sales and provide comprehensive advisory services for upmarket residential properties.

 “I have been closely following the Colliers India growth story and it has truly been an impressive one. The firm has diversified into various segments over the last few years and has a clear vision of what it wants to achieve in its next phase. The residential market has immense potential as the homebuyer sentiment and purchasing power get stronger. The sales process has greatly evolved with much higher consumer involvement demanding quality service. I am grateful to the leaders for their faith in my capabilities and look forward to starting this new professional chapter with Colliers.”, adds Ravi Shankar Singh.