DTZ opens new office in Mumbai, India

DTZ opens new office in Mumbai, India

Global property adviser DTZ has strengthened its presence in India with the launch of a new office in Mumbai, on the north west coast of India.

The new office, headed by Ambar Maheshwari, will focus on delivering Capital Markets, Global Corporate Services, Research and Consulting advice.

DTZ established its first Indian office in Bangalore in 2004 and has continued to broaden its coverage over the last two years by expanding into New Delhi and now Mumbai. Through both recruitment and organic growth, DTZ India has rapidly grown to 73 people and by the end of 2006 is expected to grow to 120 people.

Ankur Srivastava, Managing Director of DTZ Debenham Tie Leung India comments: “As the financial and entertainment capital of India, Mumbai is a very important real estate market. An increasing number of clients are looking for representation in the city, and as a result of this, we chose Mumbai as the home of our third office.”

DTZ Director David Steventon comments: "These are very exciting times for India. It has one of the fastest growing economies in the world and a rapidly expanding real estate market presenting great opportunities for DTZ. By extending our presence to Mumbai we will undoubtedly be well positioned to grasp the ever-increasing business opportunities throughout the country.”

DTZ is continually seeking to improve the quality of services it offers to clients, both through developing new services and strengthening the firm’s global platform. In the last 12 months DTZ has made great strides in both areas. Most recently, the company opened two new offices in mainland China and launched DTZ Rockwood, a North American real estate capital markets consultancy, headquartered in New York.

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