#India #Bangalore #Newmark Group #Sathish Rajendren #India Expansion

Newmark Expands Its Property Management Services into India

In a strategic move to enhance its influence in the commercial real estate sector, Newmark Group, Inc. has officially expanded its Property and Facilities Management operations into India. The company, known for its comprehensive suite of advisory and transactional services to large institutional investors and global corporations, has appointed Sathish Rajendren as the Executive Managing Director to lead the initiative in this rapidly growing market.

Leadership and Experience

Based in Bangalore, Rajendren brings over 22 years of experience in the property management field, having transformed operations across various sectors including occupiers, developers, investors, and government entities. His previous role at Knight Frank saw Rajendren successfully scale operations tenfold, managing an impressive portfolio of over 350 million square feet in India. This vast experience positions him well to ensure Newmark delivers top-notch property solutions tailored to the needs of clients in India and the Asia-Pacific (APAC) region.

Luis Alvarado, Chief Operating Officer of Newmark, emphasized the company’s commitment to evolving and meeting the diverse needs of clients globally. He stated, "Our growth in India exemplifies our continued delivery of holistic, end-to-end solutions that create long-term value for investors and occupiers alike."

With Rajendren at the helm, Newmark looks to offer best-in-class property and facilities management solutions that cater to both property owners and occupiers, setting the stage for innovative practices in a booming market.

The Indian Market Opportunity

India presents one of the fastest-growing commercial real estate markets in the world. The rapid urbanization, influx of foreign investments, and a burgeoning corporate occupier base continues to fuel significant demand. According to recent data, office space absorption in India approached 60 million square feet during the first nine months of 2025, mainly driven by technology firms and financial services. The requirement for institutional-grade management services is also on the rise as the market matures, setting a solid foundation for Newmark’s entry.

The establishment of a property management hub in India will foster enhanced collaboration with multinational occupiers and investors who have interests both locally and across the APAC region. As Richard Holden, President of Property and Facilities Management, noted, “This marks a very meaningful step in the continued expansion of Newmark’s Property and Facilities Management business.”

Newmark recently unified its property management and facilities management services, creating an integrated approach aimed at delivering seamless experiences for clients around the globe. This structural integration aligns with Newmark's ongoing strategy to grow its recurring management services and servicing revenue on a global scale.

Future Prospects

Newmark’s commitment to establishing itself in the Indian market underscores the organization’s broader strategy to harness global resources and advanced technology to redefine property management practices. Rajendren stated, “Newmark's global resources, advanced technology, and client-first approach position us to redefine the management landscape in India.” He acknowledged the tremendous opportunity to improve efficiency and sustainability for clients as the commercial property market continues to evolve.

With a robust framework and a dedicated leadership team, Newmark is poised to capitalize on the burgeoning opportunities within India’s commercial real estate sector, contributing positively to the industry while ensuring remarkable value for all stakeholders involved.

In conclusion, Newmark’s entry into India with such experienced leadership showcases both ambition and commitment to enhancing property management standards and driving growth within a critical market. As the company continues to expand and adapt to the local context, its impact on India’s property landscape will be keenly observed in the coming years.