On Oct. 27, 2025, Newmark Group announced its expansion into India, hiring Sathish Rajendren, FRICS, SLCR, MCR, as Executive Managing Director to lead Property and Facilities Management operations across India and APAC. Based in Bangalore, Rajendren will oversee best‑in‑class solutions for owners and occupiers, bringing 22 years of experience from Knight Frank and Cushman & Wakefield and a recent induction into the 2025 CoreNet Global Distinguished Leaders Circle.
The move aligns with Newmark’s strategy to grow recurring Management Services and Servicing revenue globally. India is one of the fastest‑growing commercial real‑estate markets, with office absorption approaching 60 million square feet in the first nine months of 2025, driven by technology, financial services and global capability centers. Newmark’s unified Property Management and Facilities Management lines now generate roughly $1.1 billion in recurring revenue in 2024, including $833 million from Management Services and $274 million from Servicing Fees and Other Revenues.
For the twelve months ended June 30, 2025, Newmark generated revenues of over $2.9 billion and operates 165 offices with more than 8,400 professionals across four continents. The India expansion positions Newmark to capture a significant share of the growing market and strengthen its global footprint, supporting its broader goal of expanding recurring revenue streams and enhancing its competitive position in the commercial real‑estate sector.
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