Jones Lang LaSalle India (JLL)
The latest update from Cushman and Wakefield (C&W) reveals shocking data that maximum of leading property firms are holding up on launching new projects for sale. The news coming in is notwithstanding the fact that in September quarter the market is considered propitious for both seller and the buyer. It seems like that both developers [...] Continue Reading »
After having raised its first fund of Rs 200 crore last year, the Segregated Funds Group (SFG) – the private-equity firm promoted by real estate consulting company JLL India – is apparently contemplating a Rs 100-crore investment, in residential projects, from the fund this year. SFG is chiefly focused on investments in small realty projects. Along with mulling a [...] Continue Reading »
Real estate developers have been requesting the government to give them a go ahead with REIT (Real Estate Investment Trusts). Blackstone, K Raheja, Embassy, Panchsil, DLF and RMZ could be the first off the block together listing as much as 75 million square feet, for an estimated $5 billion, in the next twelve months, once the [...] Continue Reading »
The Maharashtra government is considering awarding higher Floor Space Index (FSI) for cluster development in Mumbai, and may announce a re-development policy soon. This might boost re-development of derelict buildings in the city. The index is the ratio of a building’s total floor area to the size of the piece of land upon which it [...] Continue Reading »
The infrastructure projects of Mumbai which have already been completed this year had major effect on the micro markets adjoining it. The experts have recently mentioned that the financial capital can really see a rise in the prices. Ramesh Nair of COO, Jones Lang LaSalle India, said that homes and offices which are located close [...] Continue Reading »
BJP ’s election manifesto was filled with promises for the real estate sector, infra projects and industrialisation. Due to the economic slowdown, the demand in the real estate segment had reduced and the new infra projects were not getting approvals from the former government. The unstable economy had resulted in a turmoil in the market [...] Continue Reading »
Air India is planning to monetise 105 realty assets to lower its debt burden. According to industry sources, the debt ridden national carrier had invited bids from real estate consultants and Jones Lang LaSalle India is close to seal the deal. The financial bids opened last week and based on the financial proposals submitted by [...] Continue Reading »
Everstone has tied-up with Jones Lang LaSalle India for providing retail property management services to four shopping malls at Pune, Kochi, Vadodara and Ahmedabad. The agreement bears significance as this is the first time that a private equity (PE) fund has entrusted its entire shopping centre management portfolio to a real estate consulting firm in [...] Continue Reading »
Jones Lang LaSalle India states that Bangalore’s luxury residential market has seen a major transformation in the recent past. With the Kingfisher Tower setting new capital values benchmark of Rs 30,000 per sq.ft in the super luxury category, residential property capital values in Bangalore have increased by around 25% since the dip in mid-2009. There [...] Continue Reading »
The recently announced retail reforms have created a positive sentiment in the industry. Jones Lang LaSalle India Chairman and Country Head Anuj Puri has stated that the new development will boost mall development in India. He stated that it will push up absorption of surplus retail space in shopping malls across the country. Similarly, developers’ [...] Continue Reading »
