Newmark Group, Inc. (Nasdaq: NMRK), a leading global commercial real estate advisor, has officially expanded its Property and Facilities Management business into India, signaling a significant milestone in its international growth strategy. The company has appointed seasoned industry leader Sathish Rajendren, FRICS, SLCR, MCR, as Executive Managing Director to oversee operations across India and the broader APAC region. Headquartered in Bangalore, Rajendren will drive consistent delivery of advanced, high-quality management solutions tailored to owners, occupiers, and investors in one of the world’s fastest-advancing commercial real estate markets.
Newmark Group, Inc.
According to Luis Alvarado, Newmark’s Chief Operating Officer, the move underscores the firm’s commitment to meeting client needs across the full asset lifecycle globally. “Our growth in India exemplifies our focus on providing holistic, end-to-end solutions that create long-term value for investors and occupiers,” he stated. This expansion also aligns with the company’s strategy to strengthen recurring revenue streams within its Management Services portfolio.
Richard Holden, President of Property and Facilities Management at Newmark, emphasized India’s enormous potential. He highlighted the country’s rapid economic development and evolving real estate sophistication as key reasons for the company’s entry. He also expressed confidence in Rajendren’s expertise to unlock new opportunities and deliver best-in-class management services.
Rajendren brings more than 22 years of experience driving transformation and operational excellence across diverse sectors for multinational clients. Previously at Knight Frank, he played a pivotal role in scaling operations tenfold and overseeing more than 350 million sq. ft. of managed portfolio across India. His earlier leadership roles at Cushman & Wakefield also contributed significantly to strengthening property services nationwide. An alumnus of INSEAD and IIM Bangalore, Rajendren was recently inducted into the prestigious 2025 CoreNet Global Distinguished Leaders Circle.
Speaking on Newmark’s entry into India, he highlighted the country’s growing influence in global commercial real estate, driven by foreign investment, infrastructure modernization, and rising demand for institution-grade asset management. He noted that Newmark’s technology-driven, client-centric approach positions it strongly to elevate efficiency, sustainability, and value creation in the region.
India’s office real estate momentum remains robust, with office absorption nearing 60 million sq. ft. during the first nine months of 2025, primarily led by technology, BFSI, and global capability centers. As institutional investors deepen their presence, Newmark’s regional hub will enhance collaboration with multinational occupiers across APAC.
Newmark recently unified its Property and Facilities Management service lines to deliver streamlined, end-to-end solutions globally. The company generated total revenues of over USD 2.9 billion for the twelve months ended June 2025, supported by recurring Management Services and Servicing Fees.
With this strategic launch in India, Newmark strengthens its global footprint and reinforces its role as a leader shaping the future of commercial real estate management worldwide.
