Pulse
Monthly Real Estate Monitor
Market Highlights
October 2015
SEPTEMBER 2015
Office space demand
continued to increase
across all cities
barring Ahmedabad,
Chennai and Kolkata
Retail space demand continued to improve
in Hyderabad, Kolkata
and Mumbai
Residential demand
strengthened in Delhi
and Hyderabad
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Pulse
Monthly Real Estate Monitor
October 2015
Favourable Neutral Unfavourable
Legend: Market Sentiment
What Defines High
Streets In India?
Factors like niche quotient or proximity to transit areas
categorize high streets as ‘destination’ or ‘transit-oriented’
With the advent of shopping malls, retail industry analysts would have
assumed a gradual death for the high streets. However, high streets
have survived and a few of them have, in fact, strengthened over the
years. JLL’s latest research paper ‘High Streets In Vogue – Always’,
which studies the nuts and bolts of the 24 most popular high streets in
India, states that high streets can be classified into two categories:
destination and transit-oriented.
A ‘destination’ high street would typically be the one that has
managed to create a niche for itself, either in terms of product
categories or in terms of novelty. For instance, the Hiranandani Powai
high street situated around the eastern suburbs of Mumbai comprises
majorly of F&B outlets (which account for close to 50% of the total
brands present there). Despite being away from major transit areas,
this high street manages to attract food enthusiasts, succeeding
primarily on the niche the market has created around this category.
On the other hand, many high streets qualify as ‘transit-oriented’ ones.
Such shopping arcades or streets are located in close proximity to
commercial destinations, tourist places, arterial roads, railway and
metro stations, colleges, etc. They have the advantage of attracting
the attention of a large number of daily commuters. Prominent
examples of such high streets include Connaught Place in Delhi,
Brigade Road and Commercial Street in Bangalore, Begumpet in
Hyderabad, MG Road in Pune, Colaba Causeway in Mumbai etc.
Whatever makes each of India’s prominent high streets tick today will
obviously play an integral part of their ongoing success in the future,
as well. High streets must necessarily adapt to changes taking place
in the city, as well as in customer preferences. Nevertheless, change
is inevitable and important – with high streets as much as the larger
Indian retail scenario, the defining concept is a constant and
necessary process of evolution.
Anuj Puri, Chairman & Country Head, JLL India
-------------------------------------------------------------------------------------------- For further reading please refer to following link:
http://www.joneslanglasalleblog.com/realestatecompass/anuj-puri-
quotes/2015/09/defines-high-streets-india/
As opposed to the market’s expectation of a
25 basis points cut, the RBI has delivered an
astounding 50 basis points reduction on repo
rate to 6.75 per cent from 7.25 per cent
earlier. With this, it has clearly abandoned its
cautious baby-steps approach and assumed
a bolder stance.
For the affordable housing sector, the outlook
is nevertheless bright, since the RBI governor
has made provisions for lending to this sector
to become less stringent and broader in
scope.
Investment sentiments
improving
Aditya Birla Group chairman K M Birla is
buying the iconic Jatia House in Malabar Hill
for INR 4.25 billion, making it the most
expensive bungalow deal in the country
Foreign companies without a permanent establishment in India
will be exempt from minimum alternative tax (MAT), the
government said in September, a move that will assuage
concerns of overseas investors.
In the next six months, the Indian Green
Building Council (IGBC) will be coming up with a
star-rating system for 400 railway stations that
have been identified to be redeveloped by the
Government
Next
DELHI
KOLKATA
CHENNAI
BANGALORE
HYDERABAD
PUNE MUMBAI
AHMEDABAD
For more information about our research, contact
Ashutosh Limaye
National Director, Research and REIS +91 98211 07054 [email protected]
Sujash Bera
Manager, Research +91 98305 43922 [email protected]
Research Dynamics 2015
Pulse reports from JLL are frequent updates on real estate market dynamics.
www.joneslanglasalle.co.in
Cities
Office
Rental
Value
Retail
Rental
Value
Residential
Capital
values
AHMEDABAD
DELHI
MUMBAI
PUNE
BANGALORE
CHENNAI
HYDERABAD
KOLKATA
Legend
Growing Stabilise Stagnate Falling
Back to top
OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
October 2015
Ahmedabad
The Central Government is planning to build a superfast highway
connecting Mumbai to Ahmedabad, on the lines of the Mumbai-Pune
Expressway.
Ahmedabad office market continued
showing traction during the month.
Select companies from
Pharmaceutical & BFSI sector
executed the transactions especially
in the SBD submarket. Overall
submarket level rents remained
stagnated.
Major transactions:
• Aarina Lifescience in SBD
Retail market witnessed notable
transaction activity in the month.
Select fashion brands, accessories &
QSR preferred spaces on high streets
to increases the footprints.
Major transaction:
Zaira Diamonds in SBD.
Residential sector in Ahmedabad has
witnessed stable demand over the
month. Nonetheless majority of projects
were launched in affordable segment at
suburbs of the city.
New Launches:
• Purohit Construction Raytirh Sopan
in Bopal
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Prahlad Nagar 35–50 6,000–7,500
S G Highway 35–50 6,000–7,500
Ashram Road 32–42 5,500–6,500
Navarangpura 32–44 5,500–6,500
Koba 22–35 4,000–5,000
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
CG Road 100–125 16,000–18,000
SG Highway 80–110 11,000–13,000
Ashram Road 110–130 14,000–16,000
Chandkheda 60–80 9,000–12,000
Koba 50–70 8,000–10,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Naroda 4,000–6,000 2,200–2,500
Gota 5,000–8,000 2,500–2,800
Navrangpura 15,000–20,000 6,000–7,000
SG Highway 10,000–15,000 5,500–7,500
Satellite 12,000–15,000 4,000–6,000
South Bopal 8,000–12,000 3,000–4,000
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OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
October 2015
Bangalore
France decided to invest in the Phase 2 of Bangalore Metro Project.
Agence Francaise of Development (AFD) has extended the credit limit to
2 billion Euros.
Demand in the month of September
remained strong.
Major transactions:
• Walmart, Tangoe, Aruba,
Rockwell Collins all at Outer Ring
Road
• Inteva at Hennur Outer Ring Road
• Alstom at CV Raman Nagar
Demand remained healthy in the
month of September. Both CBD and
Suburbs were equally active.
Major transactions:
• Westside at Yelahanka
• Senco at Jayanagar
• Pure Home Living at MG Road
• Zodiac at MG Road
South Bangalore witnessed launch of
many large sized projects being well
connected and of affordable pricing.
Key Launches:
• Peninsula heights at JP Nagar
• VBHC Palmhaven at Mysore
Road
• Prestige Song of the South at
Begur Road
• Goyal orchid Greens at Hennur
Road
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
CBD 80–130 10,000–22,000
Old Airport Road 60–75 7,000–12,000
Outer Ring Road (Eastern) 58–65 5,500–7,500
Old Madras Road 45–65 5,000–7,000
Electronic City 27–32 2,800–3,500
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Koramangala 90–160 9,000–18,000
Indiranagar 120–180 12,000–18,000
New BEL Road 80–120 6,000–12,000
Commercial Street 175–250 16,000–20,000
Jayanagar 80–150 8,000–18,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Old Madras Road 15,000–25,000 5,000–7,000
Indiranagar 22,000–35,000 10,000–20,000
Bellary Road 12,000–18,000 4,500–9,500
Hosur Road 10,000–14,000 4,000–6,500
Whitefield 15,000–25,000 5,000–9,000
Tumkur Road 8,000–12,000 3,600–6,000
Kanakapura Road 10,000–17,000 4,200–6,500
Mysore Road 8,000–10,000 3,500–6,000
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OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
October 2015
Chennai
Chennai was the home for the Tamil Nadu Global Investors meet 2015
as a result of which around 100 MoUs are expected to be signed, of
which a few are expected to be operational by the end of this year. The
major investors include HCL, Yamaha, TCS etc..
Office space demand continued to
remain stable especially in the
peripheral sub-markets.
Major transactions:
• Scope International, Infoview and
Sutherland at OMR
Shollinganallur
• Hospira at OMR Taramani
• Vestas at Thoraipakkam
Malls witnessed a low demand due to
unavailability of quality space.
Major transactions:
• Mark & Spencers at Prime sub
market.
• FBB at Prime Suburb.
• Vishwa and Devji at Prime sub-
market.
• Ritu Kumar at Secondary sub-
market.
Residential demand was low while
launches remained stable.
Key launches
• Ritz and Elan at Thalambur by
Casa Grande
• Kalatmika at Thiruvanmiyur by
Etica Developers
• MS Orange County at Agaramthen
by MS Foundations
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Mount Road 60–85 9,000–16,500
RK Salai 65–85 10,000–15,000
Pre-toll OMR 40–70 5,000–6,500
Post-toll OMR 35–40 3,000–6,000
Guindy 45–65 6,500–9,000
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
T. Nagar 120–180 12,000–15,000
Nungambakkam 130–150 13,000–16,000
Velachery 90–125 10,000–12,000
Pre-toll OMR 80–100 8,000–11,000
Anna Nagar 120–150 11,000–13,000
LB Road (Adyar) 100–140 10,500–13,500
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Adyar 20,000–30,000 18,000–22,000
Medavakkam 11,000–14,000 4,000–6,000
Tambaram 8,000–15,000 4,000–6,000
Anna Nagar 18,000–25,000 10,000–15,000
Porur 7,000–12,000 4,200–6,200
Sholinganallur 9,000–12,000 4,500–6,000
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OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
October 2015
Delhi NCR
• Faridabad on the 100 Smart Cities list at 95 and Ghaziabad is at 82
position
• Noida slashes conversion rate from 25% to 10%
• Two new routes announced in Noida - from Sector 71 to Knowledge
Park V passing through Sectors 122 and 123 and second line from
Okhla to Sector 142 along Noida-Greater Noida Expressway
Demand remained healthy. Lack of
vacancy in quality projects limited
fresh absorption. Good number of
enquiries and pre-commitments were
observed.
Major transactions:
• Reliance Jio in Noida City
• Vivo Mobiles in Greater Noida
• Olympus and Groupon both in
Gurgaon
Demand remained slow as vacancy
remains low in premium quality malls.
Pre-commitments in select, upcoming
malls remained healthy.
Major transactions:
• Tommy Hilfiger, AND & Global
Desi and Promod , all in Gurgaon
• Westside in Noida Worldmark 1
and Gardens Galleria were
completed in September.
Prolonged price stagnancy led to slight
increase in sales, especially in low-
ticket sized projects. Spot discounts,
flexible payment plans and freebies
were still available across projects with
more launches being seen in the
affordable and mid-segment range.
New Launches:
• ATS Le Grandiose and Supertech
Sports Republik in Noida
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Barakhamba Road 170–400 28,000–35,000
Jasola 110–170 17,000–21,000
DLF Cybercity 95–100 NA
MG Road 115–140 17,000–19,000
Golf Course Road 90–110 12,500–15,000
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
South Delhi 180–330 24,000–32,000
West and North Delhi 140–230 15,000–23,000
Gurgaon–MG Road 140–270 17,500–23,000
Rest of Gurgaon 60–100 8,000–14,000
Noida 130–220 14,000–25,000
Ghaziabad 90–150 10,500–16,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Golf Course Road 27,000–32,000 13,000–19,000
Sohna Road 17,000–20,000 5,800–7,500
Golf Course Extension Road 19,000–22,000 8,500–11,000
Dwarka Expressway NA 5,500–7,500
Noida–Greater Noida
Expressway 13,000–15,000 4,300–6,500
Noida City 12,000–14,500 4,700–6,000
Indirapuram 11,000–12,000 4,500–5,300
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OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
October 2015
Hyderabad
The Government is making efforts to roll out details of unregistered
documents in the encumbrance certificates (EC), to enhance real estate
transparency. It is also planning to reduce the time of granting of
building permissions to 30 days, instead of the present 180 days.
Hitec City, Gachibowli and adjoining
areas continued to be the most
lucrative destination for investors.
However, the SBD too witnessed
traction indicating improved market
sentiments.
Major transactions:
• SGS and Atmecs at Manikonda
• Indeed and BACS at Hitec City
• Barclays at Banjara Hills
Demands continued to be good in the
CBD and SBD sub markets as the
market is expected to see larger
transactions in future.
Major transactions:
• Pepe, ICICI Bank and Yes Bank
on the High Streets of SBD
• Several factory outlets of brands
like Louis Philippe, Van Heusen,
Lee and Allen Solly at Attapur
Residential sector of Hyderabad
gradually gained pace and would
perform better with good future
demand.
New Launches:
• Prestige launched second phase
of High Fields at Gachibowli
• Provident by Purvankara at
Rajendra Nagar
• SMR Vinay Iconia at Kondapur.
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Begumpet 45–50 5,600–6,500
Banjara Hills 45–52 6,500–7,500
Hitec City 47–53 5,600–6,500
Gachibowli 38–42 5,500–6,000
Uppal 35–38 4,500–5,500
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Banjara Hills - Jubilee Hills 120–155 12,000–15,500
Secunderabad 110–120 11,000–12,000
Hitec City 110–130 11,000–13,000
Kukatpally 100–110 10,000–11,000
Himayatnagar 150–170 15,000–17,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Banjara Hills 20,000–25,000 8,500–15,000
Begumpet 15,000–20,000 4,500–5,500
Kondapur 12,000–18,000 3,500–5,000
Gachibowli 11,000–15,500 3,500–4,750
Tellapur 8,000–13,500 2,800–3,700
Kukatpally 9,500–16,000 4,000–5,000
Back to top
OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
October 2015
Kolkata
Parama Island flyover would be thrown open to the public before Durga
Puja. Soon after the inauguration, vehicles would be allowed to ply over
the flyover. It would ease traffic movement to and from the airport and
city’s CBD to a great extent.
Overall demand of the city started
witnessing traction through increased
occupier enquiries.
Major transactions:
• Sandvik at Salt Lake
Demand increased with the opening of
Acropolis Mall at Kasba. Shoppers
Stop and Cinepolis commenced
operation in the mall. In addition, Vero
Moda, Only, Jack and Jones and Titan
leased out in the vanilla space.
Major transactions:
• Steve Madden at Quest Mall.
Residential demand in the city
continued to be stable in the mid-end
and upper-mid end category.
New Launches:
• Ideal Royale at Maniktala
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Park Street 110–135 13,000–20,000
Topsia 70–90 7,500–10,000
Kasba 75–90 8,000–11,000
Salt Lake Sector V 40–45 4,000–4,800
New Town and Rajarhat 32–36 3,200–4,100
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Elgin Road 300–350 24,000–28,000
Park Street (high street) 325–375 25,000–31,000
Prince Anwar Shah Road 150–200 15,000–18,000
Salt Lake 185–225 15,000–20,000
New Town and Rajarhat 60–80 6,500–8,000
Gariahat (high street) 200–250 16,000–22,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Alipore 50,000–70,000 15,000–22,000
Prince Anwar Shah Road 20,000–35,000 7,000–14,000
EM Bypass (Topsia) 15,000–25,000 6,000–10,000
Lake Town 10,000–16,000 4,000–7,500
New Town (AA- I, II & III) 9,000–15,000 3,500–6,000
Rajarhat 7,000–14,000 3,000–4,500
Behala 7,000–14,000 3,000–5,500
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OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
October 2015
Mumbai
The Maharashtra government’s draft policy to boost retail trade in the
state envisages major real estate sops for retail entertainment zones to
be earmarked in cities, and inclusion of food and grocery under the
Maharashtra Essential Services Maintenance Act as essential services.
September witnessed robust
transaction activity. The month was
characterised by large space
transactions. SBD BKC, SBD North,
Thane & Navi Mumbai submarkets
witnessed the most of the transaction
activities. Major transactions:
• SBI Life bought in Navi Mumbai
• Piramal Healthcare leased in SBD
North
Demand for space in successful malls
continued to be on the rise and
categories such as F&B, premium
apparel and entertainment dominated
leasing activity. International brands
were seen increasing their footprints.
Major transactions:
• Hamley's in Suburbs
• Armani Jeans and G Star, both in
Prime South
Mumbai residential market continued
to witness moderate decrease in
demand with sluggish market
sentiments. The new launches also
recorded a fall from previous month.
Thane sub-market saw the maximum
launches during month of September.
New Launches:
• Piramal Vaikunth, Tata Serein and
Wadhwa Courtyard, all at Thane
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Lower Parel 160–200 17,000–22,000
BKC 240–330 26,500–34,000
Andheri - Kurla Road 100–145 10,000–15,500
Goregaon-Malad 85–125 9,000–12,500
Wagle Estate 50–65 5,200–6,900
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Lower Parel 260–390 22,000–32,300
Malad 160–250 12,500–20,000
Ghatkopar 130–220 10,100–18,300
Mulund 125–200 9,500–15,500
Thane 100–185 8,000–14,500
Navi Mumbai 75–150 7,000–12,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Lower Parel 65,000–1,10,000 25,000–40,000
Wadala 36,000–60,000 15,000–23,000
Andheri 32,000–55,000 12,500–21,500
Ghatkopar 30,000–46,000 11,500–17,000
Ghodbunder Road 12,000–25,000 6.000–9,500
Kharghar 10,000–18,000 6,000–9,000
Back to top
OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
October 2015
Pune
No new infrastructure update is available for September.
Pune office market continued
witnessing a notable demand.
Constant leasing activity and limited
ready supply continually lowered the
vacancy rate. However, few Grade A
properties would hit the market with
healthy pre-commitment levels in the
coming few months.
Major transactions:
• KPIT and 3DPLM in Suburbs
Leasing continued to remain
moderately stable at malls and high
streets during the month. With no new
completions recorded, Pune’s
organised retail stock remained
unchanged. Rents and capital values
remained stable over the month.
Major transactions:
• Brand factory at Hinjewadi
Pune Residential sector witnessed
stable demand during the month.
Projects such as Purvankara
Silversand, Pride Purple Township and
Kalapataru Crescendo were at pre-
launch stage and would come on
stream in the next few months.
New launches:
• Riverdale in Kharadi submarket
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Hadapsar 55–70 6,500–8,000
Kharadi 55–70 6,500–7,500
Hinjewadi 38–48 5,000–7,000
Viman Nagar 55–75 7,000–8,500
SB Road 70–85 7,000–12,000
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
MG Road 100–160 15,000–21,000
Bund Garden Road 90–140 13,000–17,000
FC Road 100–150 15,000–20,000
JM Road 100–150 15,000–20,000
DP Road 90–130 12,000–16,000
SB Road 80–140 13,000-16,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Wakad 10,000–13,000 5,000–6,500
Hinjewadi 9,000–11,000 4,800–6,500
Kharadi 11,000–15,000 5,000–7,200
Hadapsar 13,000–18,000 5,500–7,500
Undri 8,000–12,000 4,000–5,500
Pimri-Chinchwad 8,000–15,000 4,500–6,000
Back to top
For more information about our research, contact
Ashutosh Limaye
National Director, Research and REIS
+91 98211 07054 [email protected]
Sujash Bera
Manager, Research
+91 98305 43922 [email protected]
Research Dynamics 2015
Pulse reports from JLL are frequent updates on real estate market dynamics.
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients
seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 70 countries from
more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property
portfolio of 3.0 billion square feet. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate
assets under management.
JLL has over 50 years of experience in Asia Pacific, with over 27,500 employees operating in 80 offices in 15 countries across the region. The
firm was named ‘Best Property Consultancy’ in three Asia Pacific countries at the International Property Awards Asia Pacific 2013, and won
nine Asia Pacific Awards in the Euromoney Real Estate Awards 2013.
For further information, please visit our website, www.jll.com
JLL is India’s premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across 11 cities
(Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of over
6800, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including
research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset
management, sustainability, industrial, capital markets, residential, hotels, health care, senior living, education and retail advisory.
The firm was named the Best Property Consultancy in India (5 Star Winner) at the International Property Awards – Asia Pacific for 2012-13.
For further information, please visit www.joneslanglasalle.co.in