Jones Lang LaSalle India
Bangalore- The real estate market of areas located close to the Metro line in the city, have been observing good growth. It has been over a year that the MG Road to Byappanahalli Metro rail started functioning. K R Puram, C V Raman Nagar, Byappanahalli and Ulsoor are some of the areas that lie in [...] Continue Reading »
In order to attract potential buyers, several builders and developers of prime cities have come up with a new marketing strategy by offering warranties on the flats based on various appliances in the flat. Electrical appliances get 1-3 years warranty, paint gets 5-7 years, waterproofing of flats get up to 10 years warranty period. A [...] Continue Reading »
Mumbai- Inspite of downfall in sale, the demand for ultra-luxury and luxury homes is rising in the metro cities. A few luxury residential projects were launched despite of dullness in the real estate sector, according to a report by Jones Lang LaSalle, a real estate consultancy firm. The rise in the number of high networth [...] Continue Reading »
Global realty service player Jones Lang LaSalle (JLL) recently got green signal from Securities and Exchange Board of India (SEBI) to launch its first residential focused fund in India. JLL aims to raise $57 million through the fund. JLL got the approval under a new class of pooled-in investment – Alternative Investment Funds (AIFs). The [...] 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 »
The service sector is expected to revive demand for office space with an estimated absorption of 28-30 million sq ft by the year-end. Jones Lang LaSalle India says that the service sector is likely to drive demand for commercial real estate. An 8.5 percent growth in the services sector in FY12 is an indicator that [...] 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 »
Experts have stated that the proposed 51 per cent foreign direct investment (FDI) in multi-brand retail is set to bring in good news for both the retail and the real estate sectors. Jones Lang LaSalle India states that from the retail real estate point of view, it will open up immense opportunities in the medium [...] Continue Reading »
Foreign investors continue to elude Indian retail real estate sector despite it being one of the fastest growing markets in the past few years. Industry analysts blame the government’s policy regarding foreign direct investment into real estate, and particularly retail real estate, for discouraging overseas investors investing in India. Anuj Puri, chairman and country head [...] Continue Reading »
According to the CEO of international property consultancy Jones Lang LaSalle, Colin Dyer, foreign investors are looking at investing in Indian real estate market on a selective basis. Foreign investors are looking at infusing capital behind successful investment managers and many are keen on directly investing. However, they are cautious as the real estate sector [...] Continue Reading »
