GURGAON, Jan 15 (The CONNECT)Diversified real estate professional services firm Colliers India has ventures into the residential business.

Having established in office services, project management, valuations & advisory services, capital markets and facilities management, the firm has now announced its expansion into the residential space.

Ravi Shankar Singh has been appointed to lead the business as the Managing Director for Colliers’ Residential Transaction Services in India. With over two decades of experience in real estate industry, he had stints at top real estate firms handling 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.

Badal Yagnik, CEO, Colliers India, said Ravi 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 the firm’s 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,” Yagnik said.

“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.”, said Ravi.