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Gujarat cities are the next real estate hub of India: JLL

Comments(2) Sub Category:Ahmedabad,Realty News Posted On: Aug 03, 2012

Real estate consultant Jones Lang LaSalle India (JLL) stated in their recent report that the industrial development happening in and around Ahmedabad, Vadodara and Surat, have propelled these three major cities of Gujarat emerge as next best option for office space in real estate market.

Firms based out of metros are eyeing Gujarat as the realty hub and Delhi Mumbai Industrial Corridor (DMIC) and Mumbai Ahmedabad Bullet Train projects are expected to fuel this development even further in Gujarat.

Ahmedabad, with textile manufacturing traditionally as its major industry, is emerging as an automobile-manufacturing hub with investments coming in from Tata, Peugeot, Ford and Maruti Suzuki.

The Chairman and Country Head, Jones Lang LaSalle India (JLL), has predicted that urbanization along the DMIC will merge these three cities into an important industrial cluster.

To read more real estate news:

Office space absorption down by 35%: JLL

2 Responses to “Gujarat cities are the next real estate hub of India: JLL”

  1. [...] to the interest among Indians in buying property abroad, property consultants like Knight Frank and Jones Lang LaSalle have offered their expertise to tap the potential of this section of buyers. Apart from the fact [...]

  2. [...] Gujarat cities are the next real estate hub of India: JLL [...]

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