With India’s real estate sector growing fast, property consultant Trammell Crow Meghraj (TCM), which claims a 15% share in the domestic market, has initiated talks with two global players for a possible merger to expand its presence.
US-based Jones Lang LaSalle and a UK-based real estate adviser, believed to be Savills, are the two entities with which TCM is in touch for a merger or alternatively, a partnership in India, according to industry sources.
A top official of TCM claimed that they were also talking to the world’s largest commercial real estate services firm CB Richard Ellis (CBRE), but CBRE officials declined to comment.
(Source: LiveMint)
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