Real estate consulting firm Colliers has announced that Sankey Prasad has stepped down from his role as Chairman and Managing Director (CMD) of Colliers India and Colliers Project Leaders Middle East.
In a statement issued on October 28, the company confirmed that while Prasad has relinquished his executive responsibilities, he will continue to hold a stake in the business. Based in the Middle East, he will now focus on selective entrepreneurial ventures and provide strategic technical support to developers and investors across India, the Middle East, and North Africa (MENA).
A civil engineer with over four decades of experience, Prasad began his career in 1983 and has held leadership roles with major developers and construction firms in India and abroad. In 2003, he founded Synergy Property Development Services, one of India’s leading project management consultancies.
In 2008, global investment firm Blackstone Inc. made its first real estate investment in India by acquiring a 35% stake in Synergy for $18 million. Following Colliers International’s acquisition of Synergy in 2019, Prasad was appointed as CMD of Colliers India, spearheading the firm’s growth and operations across key markets.
Under his leadership, Colliers strengthened its position as a leading integrated real estate services firm and expanded its project management capabilities in the Middle East through Colliers Project Leaders. The company secured several high-value international mandates, including the $250 million World Trade Center Yerevan project and a major mixed-use development in Armenia, where it is providing end-to-end project management and delivery services.
Colliers, in its statement, praised Prasad’s role in shaping its India and Middle East strategy and for driving growth across emerging markets. “While he has relinquished his position in the Middle East - Colliers Project Leaders business as CMD, he will continue to hold a stake in the company,” the statement noted.
With his vast industry experience and entrepreneurial insight, Prasad is expected to continue contributing to the real estate and infrastructure sectors through strategic advisory roles and selective investments across India and the wider MENA region.
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