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*The details mentioned in the document are for the month of August
The RBI has decided to hike prime lending rates by 25 basis points signalling an
intention to keep CPI rates under control. This is the second hike in 2 months, mostly
on account of June CPI touching 5%, which is higher than government expectation.
This rate change was expected in light of increasing global oil prices, elevated inflation
and the strengthening of the US Dollar since the previous revision in June. The rate
hike is aimed to add more stability to the current situation. Further, RBI will not want to
make any changes to lending rates in the second half of the financial year, as India
moves towards its festive season when majority of the buying activities take place.
RBI is mandated to maintain inflation index at 4% or lower. There is also the pressure of
maintaining the Minimum Support Price for agricultural products that has been pushing
the government to create funds for payments.
This may be a mental setback for the end users as despite a healthy GDP, lending
rates for homes and other desirable goods will move northwards. It may also affect the
entry level housing market as very low ticket size purchase decision may be pushed
further. However, overall sales velocity is expected to remain stable for the rest of the
year.
Two major aspects that have been favourable for buyers are, the transparency brought
in by RERA & other legislative reforms introduced in the last few years and stable
capital values with a strengthening trend indicating that most major markets have
bottomed out.
Ramesh Nair
CEO and Country Head, JLL India
Click here to know more.
Parliament passes bill to amend Insolvency and
Bankruptcy Code.
Ikea opens its first Indian store in Hitec city,
Hyderabad.
Projects worth over INR 2.04 lakh crore have
been sanctioned by the Central government for
the Smart Cities Mission since its inception.
*All the office rentals and retail rentals mentioned are for warm shell spaces
In the month of August,
the office space take up
saw marginal fall
compared to the previous
month.
Key Transaction:
None
Few international brands
were looking for retail
space in the high streets.
Also, some of the Indian
hypermarkets were looking
to expand their presence.
Key Transaction: No new
transaction
Overall demand for the
residential sector remained
stable during August.
Key Launch: No new
launches recorded in the
month of August
*The above graphs show the values in ranges
The Chief Minister of Gujarat announced that the first trial run for
Ahmedabad Metro will be conducted in the month of January,
next year.
4
The Ahmedabad Metro route
will have18 stations in the
East-West Corridor between
Vastral and Thaltej and the
North-South Corridor will
have18 stations that will
connect APMC and Motera
Stadium.
*All the office rentals and retail rentals mentioned are for warm shell spaces
No new major transactions recorded during the month.
IT/ITeS sector contributed
to good leasing activity over
the month.
Key Transaction:
JPMC at ORR
Upcoming malls witnessed
good pre-commitment levels
Key Transaction:
Nykaa at Lavelle Road
Launches improved on
Whitefield and Bellary
Road.
Key Launch :
Brigade Bricklane was
Launched at Bellary
Road.
*The above graphs show the values in ranges
Bangalore Metro Rail Corporation Limited (BMRCL) will set
up charging points for e-vehicles in a week. Namma Metro
passengers will be able to recharge their electric bikes and cars
at 4 metro stations such as Bypanahalli, MG Road, Mysuru Road
and Jayanagar stations.5
Ajmera to invest Rs 250 crore in
affordable housing project in North
Bengaluru.
Sobha Lake Gardens was launched on
Whitefield (KR Puram) at INR 6,130
per sq ft.
*All the office rentals and retail rentals mentioned are for warm shell spaces
Demand for smaller office
spaces increased in the
Central and Secondary
business districts.
Key Transaction:
HQ10 leased space in
SBD Submarket.
Large format retailers
dominated the leasing
activity in both established
and emerging High street
locations.
Key Transaction: FAB India
leased space in TTK Road.
RETAIL
Housing demand remained
steady, new launches
continued to remain
subdued.
Key Launches: Lakewoods
by Mahindra Lifespaces in
MWC.
RESIDENTIAL
*The above graphs show the values in ranges
6
Chennai Metro update: The last 9.5 km of the 45 km phase 1
between AG-DMS on Anna Salai to Washermenpet via Chennai
central will be ready before the end of 2018 as the trial run begins
last month. While the preliminary work to lay the tracks in the 9 km
phase 1 extension from Washermenpet to Wimco nagar has started
and the phase 1 extension is expected to be ready by March 2020.
*All the office rentals and retail rentals mentioned are for warm shell spaces
Olympia Group acquired 5.5 acre
property belonging to Exide
Industries in Guindy Industrial
Estate for INR 125 Crores and
plans to build an IT Park worth
approx. 1 million sq ft.
Japanese conglomerate Mitsubishi Corp will invest INR 180 Crores in the an
ongoing residential project of Shriram Properties Ltd. in Chennai. Mitsubishi
will own 70% stake in the housing project located on GST Road which will
comprise of 1,450 apartments with a saleable area of 2 million sq ft.
Demand from Co-working
segment remains strong.
Pre-commitments witnessed
in upcoming supply in Delhi
NCR.
Key Transactions:
Crompton Greaves Power in
Noida, Greenlam in Delhi.
Strong leasing activity shown
by F&B, Fashion and
Lifestyle stores in upcoming
mall developments.
Key Transactions: Disney &
Me in Delhi, Reliance Trends
in Suburbs (Greater Noida)
RETAIL
Sales picking up in Delhi
NCR residential segment.
Few new launches expected
in near future.
Key Launch: T-Homes,
Siddharth Vihar in
Ghaziabad by T&T Group.
RESIDENTIAL
*The above graphs show the values in ranges
• The new section of Durgabai Deshmukh-Lajpat Nagar in Delhi
Metro’s Pink Line become operational. It would reduce travel time
for commuters drastically.
• Underpass connecting Kalindi Kunj in Delhi to Noida Expressway
(Sectors 94,124,125 & 126) got operational. 7*All the office rentals and retail rentals mentioned are for warm shell spaces
M3M has launched a commercial
project’ International Financial
Center’ at Golf Course Extension
Road in Gurgaon.
Realty firm Prateek Group has raised INR 275 crore from Piramal Capital
and Housing Finance for its ongoing 40-acre housing project at Ghaziabad.
T&T Group launched 'Intelligent Homes'
project in Siddhartha Vihar (Ghaziabad),
namely 'T Homes‘. These smart homes can
be controlled and maintained by a remote or
smartphone via a T-Homes app.
Ghaziabad
IT/ITeS sector supported
the major leases in the
month in the western part
of city.
Key Transaction: JPMC
at Salarpuria Knowledge
City
While L&T Malls at
Punjagutta and Hitec City
started operations with
good occupancy, L&T Next
Mall at Erra Manzil records
healthy pre-commitments
Key Transaction: Decathlon
at L&T mall, Erra Manzil
RETAIL
City witnessed overall
improvement in sales and
project launches.
Key Launch:
Vasavi Signature at
kukatpally
RESIDENTIAL
*The above graphs show the values in ranges
Much awaited metro from LB Nagar to Ameerpet is now operational.
8
HMDA to auction land parcels
of about 200 acres at Kokapet
and 96 plots at Uppal worth
Rs. 5000 crores.
*All the office rentals and retail rentals mentioned are for warm shell spaces
No new major transaction during the month
Steady growth with small
to medium sized spaces
taken up by occupiers
across different sectors.
Key Transaction: Haier
Electronic in Srijan
Corporate Park, Salt Lake
Indicates stable growth
with moderate leasing
across sub-markets.
Key Transaction: Health &
Glow at City Centre Mall,
New Town
RETAIL
Signs of revival with
several small scale
developers launching new
projects.
Key Launch: Chitrakut
Heights, Magnolia Avanti,
Magnolia Destiny at New
Town
RESIDENTIAL
No new major transaction during the month
*The above graphs show the values in ranges
The West Bengal government is experimenting with a new model
of development named ‘Infrastructure as a Service’ through which
the state’s IT department is looking to create ready ecosystem for
high-end technology companies to start working with minimum
capital expenditure with an aim to create higher number of jobs.9
West Bengal Housing Infrastructure
Development Corporation has issued
notification for e-auction for the
purpose of allotment of 9 residential
plots in Action Area IIB of New Town,
on 99 years ‘Lease Hold’ basis, for
‘Residential’ purpose.
Moderate space take-up
witnessed in the month.
Key Transaction:
WeWork leased space in
Thane sub-market
Malls of quality witnessed
traction in the month.
Key Transaction:
Me N Moms in Suburbs
sub-market
RETAIL
Stable demand in the month.
There was a slight decline in
the number of launches.
Key Launch:
Omkar Sereno in
Jogeshwari
RESIDENTIAL
*The above graphs show the values in ranges
10
The Chief Minister of Maharashtra approved the construction of
the Bandra-Versova sea link. This will be thrice the length of the
present Bandra-Worli sea link.
*All the office rentals and retail rentals mentioned are for warm shell spaces
A new residential project, Omkar
Sereno was launched with 159 units.
The capital value is INR 25,691 per sq
ft on carpet.
GIC acquired over 40% stake in Provenance land with the size of the
transaction estimated at INR 1,000 crore.
Demand for office space
remained healthy during the
month. Robust demand for
the quality offices & the low
vacancy rates contribute to
the rental appreciation.
Key Transaction: Western
Union leased 15,000 sq. ft in
Business Bay.
Leasing activity in malls
remained stable. No mall
is scheduled to tap the
markets in 2018.
Key Transaction: Urban
Ladder leased space in
Amanora Town Centre
RETAIL
Demand remained stable
during the month. Supply
increased with the launch of
few large-sized projects
predominantly in the fringe
areas. Key Launch:
Amanora Gold (A phase
with in Amanora Township)
launched in Hadapsar
RESIDENTIAL
No new major transactions recorded during the month
*The above graphs show the values in ranges
Investments of INR 65,000 crore lined up over the next five to
six years on the construction of a new airport, a new Metro link,
and a Ring Road, among other projects. Taken together with
the INR 10,000 crore that has been committed for water,
sewerage and Smart City projects, they have the potential to
upgrade Pune’s infrastructure to the next level.11
The most active sub-market
in Pune for the past few
years in terms of existing
stock, new supply and
absorption.
Rental value: INR 65-80/ sq
ft/ month in office sector
Apart from SEZ’s and IT
parks, the area houses
proprietary campuses of
prominent companies such as
Infosys, Tech Mahindra, KPIT
etc A sizeable proportion of
future supply in the Suburbs
sub-market will be in various
SEZs developed by major
players, such as Ascendas,
Paranjape Schemes, DLF
and the Embassy.
Rental value: INR 40-50/ sq
ft/ month in office sector
*All the office rentals and retail rentals mentioned are for warm shell spaces
Construction of the Global
High Street Mall has
already started and is likely
to hit the market in another
2-3 years. The mall is
located in Hinjewadi.
Office space demand
continued to improve across most cities
Retail spaces in quality
malls and prominent
high streets recorded
healthy demand in most cities
Residential launches
improved slightly in
most cities
*The details mentioned in the document are for the month of September
Industrial demand
remained positive across all the cities
JLL, India’s largest real estate services firm, negotiated a marquee land deal and
development arrangement between Godrej Properties Limited (GPL) and North India
based real estate developer - Shipra Group. GPL has acquired 11 acres of land in
close proximity to the Noida Golf Course.
Godrej Properties and Shipra Group will be jointly developing a premium housing
project of around 2.2 million sq. ft. in sector 43 of Noida City Centre. Noida was
ranked as the Best City in Uttar Pradesh and the Best City in Housing in all of India in
“Best City Awards” conducted by ABP News in 2015.
The upcoming premium housing project is well surrounded by good social and
physical infrastructure with excellent connectivity to offices in Sector 125, 126 & 127.
This is the third such assignment facilitated by JLL for Godrej Properties in the
Northern part of the country.
Ramesh Nair, CEO & Country Head, JLL India said, “One of the prime areas of
Noida, located strategically near the Noida Golf Course, the location enjoys good
connectivity through road and MRTS with the Golf Course Metro station in proximity.
It has a well-developed infrastructure and is in the vicinity of well-established high-
end residential developments, retail hubs, educational institutes as well as office
complexes. The location has an excellent market potential and the deal would further
enhance its value, thereby establishing it as the most sought after residential zone in
the region. Godrej Properties is known for creating bespoke experiences for its
customers and I am sure, this premium development will further enhance the area
profile.”
Click here to know more.
India's new drone regulations are set to change the
landscape of the real estate sector from December, 2018.
India’s first, Asia’s biggest REIT plans Rs 5,250 crore IPO
Centre approves construction of nearly 6.28 lakh houses
for urban poor in eleven states under the Pradhan Mantri
Awas Yojna, with Uttar Pradesh getting the largest share
of over 2.34 lakh housing units.
*All the office rentals and retail rentals mentioned are for warm shell spaces
2018
Outright purchase
transactions picked up
pace in September.
Key Transaction:
Essar Oil took space at
Ashram Road
OFFICE
The overall demand for
retail segment remained
stable in the month of
September.
Key Transaction: No new
major transactions
recorded
RETAIL
Residential market
witnessed a sluggish
phase due to weakened
demand and slow pace of
online building plan
approvals.
Key Launch: No new
launch
RESIDENTIAL
Rental value (INR/sq ft/month)* Capital Value (INR/sq ft)*
*The above graphs show the values in ranges
Gujarat government amended the Gujarat Ownership Flats Act,
1973 to allow redevelopment of buildings that are older than 25
years having the consent of only 75% of its occupants.
Infrastructure
/ Policy
update
A leading real estate
developer bought 13,000 sq.
yard plot in Thaltej for INR160
crore.
*All the office rentals and retail rentals mentioned are for warm shell spaces
No new major transactions recorded during the month
FMCG and co-working
service providers
contributed to good leasing
activity over the month.
Key Transaction:
Walmart and WeWork
leased space in SBD
submarket
Newly operational malls
witnessed healthy leasing
activity in lieu of lack of space
in earlier operational malls in
the city
Key Transaction:
Blackberry and UCB leased
space at RMZ Galleria Mall
Overall improvement in
performance has been
recorded, in terms of new
launches and demand
Key Launch :
Brigade Woods at
Whitefield Road
*The above graphs show the values in ranges
BIAL (Bengaluru International Airport Limited) has started the
construction of its Airport Terminal 2 which will be taken up in
two phases with the first phase expected to get completed by
2022.
16
Whitefield witnessed higher
number of residential unit
launches with most of them
being launched by mid-scale
developers viz. Sumadhura
Nandanam, Sowparnika
Indraprastha and Shriram
Codename among others.
Keppel Puravankara Development Private Limited (KPDL), an associate
of Bengaluru headquartered and Singapore based Keppel Land, has
acquired 7.6 acres of land in Yeshwanthpur from Metro Cash & Carry
India for INR 405 crore.
*All the office rentals and retail rentals mentioned are for warm shell spaces
The second phase of
allotment for sites in
Nadaprabhu Kempegowda
Layout, in Kengeri and
Yeshwanthpur area,
developed by the Bangalore
Development Authority has
started of with handing over of
5000 sites to the applicants.
Bengaluru-headquartered, real
estate developer Ferns Estates
and Developers is foraying
into hospitality business with
the launch of resorts across
major holiday destinations in
South India.
In the first phase it will develop
five resorts cum holiday-homes
totalling 600 keys across
holiday destinations in
Bengaluru.
SBD submarkets continued
to see strong absorption
trends while Post toll OMR
and PTR locations gained
some traction in September.
Key Transaction: Amazon
expands in SBD OMR
Submarket.
Apparel and electronic
brands expanded their
foot prints in the emerging
High-street locations.
Key Transaction:
Reliance Smart leased
space in Porur.
RETAIL
Affordable and Mid segment
housing saw steady
recovery in terms of both
demand and new launches.
Key Launches: Earth Homes
Ph 2 by KG Builders in OMR
Thalambur.
RESIDENTIAL
*The above graphs show the values in ranges
17
Tamil Nadu RERA has mandated all developers to furnish details
on the progress of the housing projects on a quarterly basis.
construction status of each blocks and floors, construction status
of the agreed amenities along with supporting photographs,
number and types of apartments booked are some of the
information that is required to be submitted on a quarterly basis.*All the office rentals and retail rentals mentioned are for warm shell spaces
Greater Chennai Corporation
approved the Skywalk between T
Nagar bus terminus and
Mambalam railway station. The
skywalk will be constructed along
the Railway border road and the
Madley road at a cost of around
INR 30 Crores.
No new major transaction during the month
Sustained demand
momentum driven by
coworking operators,
consulting, ecommerce
and IT/ITES companies.
Key Transactions:
Quintiles Health in CBD,
Baxter India in Gurgaon
Strong leasing activity
shown in upcoming mall
developments in Suburbs
and Prime others.
Key Transactions: Miniso in
Suburbs and Skechers in
Prime Others
RETAIL
Some prominent launches
witnessed in Delhi NCR
including addition of new
towers in existing projects.
Key Launch: Park Avenue
and Windsor in Greater
Noida by Godrej Properties.
RESIDENTIAL
*The above graphs show the values in ranges
18
*All the office rentals and retail rentals mentioned are for warm shell spaces
Raheja developers has launched a
residential tower named ‘Chandan’
in Raheja Vanya project in
Gurgaon.
Gaurs group to enter affordable housing; to invest INR 1,000 cr on 2 projects
in Delhi-NCR.Godrej Properties launched ‘Park Avenue’ and
Windsor' project in Greater Noida.
Delhi Development Authority (DDA) approved the Delhi Land
Pooling (DLP) policy. Under the scheme, small land pieces will be
aggregated into a large land parcel, upon which the necessary
infrastructure will be developed
IT/ITeS sector supported
the major leases in the
month in the western part
of city
Key Transaction:
R1RCM at NSL SEZ
L&T Malls at Punjagutta
and Hitec City started
operations with good
occupancy, L&T Next Mall
at Erra Manzil records
healthy pre-commitments
Key Transaction:
Decathlon at L&T mall,
Erra Manzil
RETAIL
City witnessed overall
improvement in sales and
project launches
Key Launch:
Reputed VB City at
Bolarum
RESIDENTIAL
*The above graphs show the values in ranges
Metro rail started operations from LB Nagar to Ameerpet from
24 September 2018. This has made complete corridor-1 into
operational.
19
GMR Infra plans to monetise the lands around Airport at
Shamshabad . It is proposed to develop business park of 0.8
million s.ft, warehouse spreading over 3.5 million s.ft and
retail over 0.55 million s.ft.
*All the office rentals and retail rentals mentioned are for warm shell spaces
No new major transaction during the month
Sector V Salt lake sub-
market continues to attract
most of the occupiers
across its Grade A & B
office buildings
Key Transaction: Blue
Star in Eco Centre, Salt
Lake
Suburbs sub-market
witnesses traction with
moderate leasing in malls
and high streets
Key Transaction: Titan
Eye Plus & Jockey at
Downtown Retail Mall,
New Town
RETAIL
Mostly small scale
developers have launched
new projects in suburban
markets
Key Launch: Belani Ayana
at Madhyamgram and
Happy Homes V at
Narendrapur
RESIDENTIAL
*The above graphs show the values in ranges
The West Bengal government is experimenting with a new
model of development named ‘Infrastructure as a Service’
through which the state’s IT department is looking to create
ready ecosystem for high-end technology companies to start
working with minimum capital expenditure with an aim is to
create higher number of jobs20
The New Town Kolkata Development
Authority (NKDA) ahs decided to
allow house owners in New Town to
use the ground floor of their property
for commercial purpose. The civic
authority will charge a nominal fee for
the usage change.
NKDA has decided to start off with
eateries with the preferred options
being soft drink shop, snacks and tea
& coffee bar, ice cream parlours and
dry food shop.
The New Town Kolkata Development
Authority (NKDA) is planning to set up
road side cafés at multiple locations in
the township like the one it the one
that operates at the bus terminus in
Action Area I
KKR has invested INR 180 Crores in a mixed use real estate development of
Mani Group/Magus Bengal Estate LLP at New Town, Rajarhat. KKR has
invested in the property through its real estate- focused non-banking finance
company (NBFC).
*All the office rentals and retail rentals mentioned are for warm shell spaces
Moderate space take-up
witnessed in the month
Key Transaction:
Gravitas Technologies
leased space in East
Suburbs sub-market
Deals happened in good
quality malls and high
streets
Key Transaction:
Bluestone leased space
in Suburbs sub-market
RETAIL
Moderate improvement in
launches as well as sales in
the month.
Key Launch:
Codename Future D by
Kanakia Spaces at Powai
RESIDENTIAL
*The above graphs show the values in ranges
21
The new Development Plan(DP) 2034 for the city came into
force in the month including the pending excluded part. The major
changes include reducing the consent clause for redevelopment
of structures under regulations 33(5), 33(7), 33(10) to 51% from
70%. The changes would facilitate redevelopment of cessed
buildings, slums and MHADA structures.*All the office rentals and retail rentals mentioned are for warm shell spaces
Maharashtra cabinet cleared two new
rail projects: Dahisar-Mira-Bhayander
line and Andheri East-International
Airport Line will be integrated with the
other Metro corridors of the city No new major transaction during the month
Demand for office spaces
remained healthy during
Sepetmber. Large quality
spaces witnessed traction
during the month.
Key Transaction: Singtel
leased space at Hinjewadi.
Leasing activity in retail
malls continued to
remain stable.
Key Transaction: Levis
leased space at Pune-
Satara Road
RETAIL
The overall demand for
residential units increased
for the affordable category.
Key Launch:
Forest County Phase 3 in
Kharadi
RESIDENTIAL
No new major transaction during the month
*The above graphs show the values in ranges
Mahametro will start constructing pillars and the station in
Range Hills and Khadki localities in the next few days with the
ministry of defence giving a nod to the work in areas under its
jurisdiction. Mahametro Rail Corporation is constructing 16.5
km Pimpri-Swarget stretch.22
Poddar Housing and
Development has agreed to
buy 102.5 acres land in
Pune to develop an
affordable housing project.
In a filing to the BSE, the
company said that its
subsidiary Poddar Habitat
Pvt Ltd, has “executed an
agreement to acquire a
land admeasuring approx
102.5 acres” at Chakan,
Pune from Autoline
Industrial Parks Ltd.
*All the office rentals and retail rentals mentioned are for warm shell spaces
Key Transaction : IndoSpace bought land in
Becharaji
Select Supply Additions: No major supply
addition
Key Transaction: Major e-commerce
company across Dharuhera and Kulana |
Major 3PL in Sonipat and Tauru Road
Select Supply Additions: Stand alone
development in Gurgaon | Satvik Logistic in
Ghaziabad
Key Transaction: Automotive and electronics
companies across Ranjangaon and Chakan |
Select Supply Additions: No major supply
addition
Key Transaction: Major FMCG company
in Medchal
Select Supply Additions: No new supply
addition
Key Transaction: Major e-commerce
company in Uluberia
Select Supply Additions: Sankrail
Industrial Park in Dhulagar
Key Transaction: Major automobile
company in Hoskote
Select Supply Additions: Stand alone
development in Tumkur Road
Key Transaction: Major e-commerce
across Vanagram and Madhavarm
Select Supply Additions: ASV Mind
space in Kattavakkam
Key Transaction: Major data management
company in Bhiwandi
Select Supply Additions: Time Square and
Infiniti Logipark in Bhiwandi
The information has been obtained from market sources
*The above graphs show the values in ranges
*The data is given as of Q3 2018
• Demand for warehousing space remained positive across all of the cities
• International developers and funds continued evaluating the warehousing & logistics
space in search of investment opportunities with some major breakthroughs achieved
in this quarter
Karnataka has walked one more step in having a new Logistics Policy. The
policy is still at a draft level as government is seeking opinions from
stakeholders on various parameters before finalising. According to policy state
will attract investment of INR 5,500 Crore including the land cost in logistics
sector.
*In NCR Delhi, warehouse rental can go high up to INR 30/sq ft/month being in commercial areas. In Bangalore the Peenya region is not included.
Rental ranges are indicative with variation / aberrations across different markets in different corridors.
Actual rentals would vary as per specifications provided in a specific property. Rentals are on BUA.
A joint venture called Hindustan Infralog Private Limited (HIPL), between DP
World Limited and National Investment and Infrastructure Fund Limited
(NIIF) of India has outbid four other groups to develop a free trade
warehousing zone (FTWZ) spread across 44 acres near JNPT.
HIPL quoted INR 563.2 crore against a Reserve Price of INR 100 Crore and
emerged as the top bidder for the FTWZ. JLL was appointed by HIPL for the
bid advisory study for this project.
GLP, a leading global provider of modern logistics facilities, will partner with
IndoSpace and also co-invest in IndoSpace's managed investment vehicles. The
partnership enables IndoSpace to leverage GLP's fund management, development
and operational expertise and resources, as well as GLP's extensive global customer
network, to further strengthen IndoSpace's leadership position in India.
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For more information about our research, contact:
Research Dynamics 2018 Pulse reports from JLL are frequent updates on real estate market dynamics.
JLL (NYSE: JLL) is a leading professional services firm that specialises in real estate and
investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and
investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion; managed
4.6 billion square feet, or 423 million square meters; and completed investment sales,
acquisitions and finance transactions of approximately $170 billion. At the end of
2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global
workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets
under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle
Incorporated. For further information, visit www.jll.com
JLL has over 50 years of experience in Asia Pacific, with over 37,000 employees operating
in 96 offices in 16 countries across the region. The firm won 23 awards at the International
Property Awards Asia Pacific in 2017 and was named number one real estate investment
advisory firm in Asia Pacific for the seventh consecutive year by Real Capital Analytics and
ranked among Fortune Magazine’s World’s Most Admired Companies list third year in a row.
www.ap.jll.com
JLL is India’s premier and largest professional services firm specializing in real estate. With
unaudited revenues at INR 3,400 crores for FY 2017-18, the Firm has grown from strength to
strength over the last 20 years in the country. JLL India has an extensive geographic footprint
across 10 major cities (Ahmedabad, Delhi, Mumbai, Bengaluru, Pune, Chennai, Hyderabad,
Kolkata, Kochi and Coimbatore), presence in over 130 tier 2 &3 locations with cumulative
strength of over 10,000 staff. It provides investors, developers, local corporates and
multinational companies with a comprehensive range of services. This includes research,
strategic advisory & consultancy, capital markets, transaction management, project &
development services, integrated facilities management and property & asset management.
These services cover various asset classes such as commercial, residential, industrial, retail,
warehouse and logistics, hospitality, healthcare, senior living and education.
JLL India won the Five-Star Award for Best Property Consultancy at the International Property
Awards Asia Pacific 2018 -19. The Firm is also recognised amongst the Top 100 Best Places
to Work in India for two consecutive years in 2017 & 2018 in the annual survey of ‘India’s Best
Companies to Work For’ - a joint study conducted by Great Place to Work® and The Economic
Times. It has also been acknowledged as ‘Property Consultant of the Decade’ at the 10th
CNBC-Awaaz Real Estate Awards 2015. For further information, please visit www.jll.co.in