Jones Lang LaSalle
India’s largest e-commerce firm Flipkart, which is in advanced talks to raise more funds, is looking to consolidate its offices in Bangalore and build a large, 1.5 million square feet campus. This campus will have an initial capacity to house 12,000 people and will save a lot of rental income for the company which it [...] Continue Reading »
One of the assets of the Calcutta Stock Exchange (CSE) is up for sale. The asset is a three-acre prime land on the eastern corridor of Kolkata. For the sale of the prime land, CSE has hired property consultant Jones Lang LaSalle (JLL). Going by the estimates of unidentified sources in the realty market, the [...] Continue Reading »
In Mumbai, owners of premium apartments in the south, central and western suburbs are finding it increasingly difficult to rent out their apartments because there are not many takers for these dwelling units. The demand for plush rental apartments in the mentioned areas has apparently been on the decline of late; thanks to the lacklustre [...] Continue Reading »
Bigwig biscuit maker Britannia has sold 8.6 acres of land in Padi, for Rs 172 crore. The land, for the sale of which Britannia had floated closed tenders last year, has been purchased by Chennai-based Sugal and Damani Foundation. About the purchase of the property sold by Britannia, Sugal and Damini Foundation said: “It was through a competitive [...] Continue Reading »
The private equity (PE) firms are looking at exiting out of the real estate companies due to the slowdown in the economy and the slump in the Indian property market. When they exited their investments, many made a handsome profit too. According to a recent report by Brookfield Financial, until March 2014, nearly a fifth, [...] Continue Reading »
With the advent of technology, availability of data at a fingertip and advancement in market data availability, the primary cities in India have shown modest improvement in transparency over the past two years. The Jones Lang LaSalle (JLL) eighth Global Real Estate Transparency Index covering 102 markets globally shows that India has shown moderate improvement. [...] Continue Reading »
The first railway link of Mumbai which is about to connect Versova Andheri with Ghatkopar very soon is going to expect a game changer pretty soon for the megapolis realty landscape. This piece of information was given by Jones Lang LaSalle today itself who happens to be a property consultant himself. A price appreciation has [...] 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 »
Real estate sector in the Gulf Arab emirate Dubai is expanding and is in demand. The construction sector here is all set to witness a shortage of 500,000 workers by 2015, a media report said here Saturday. Dubai international academic city (DIAC) asked Deloitte to conduct a survey and about the real estate sector. According [...] Continue Reading »
Supin Meechucheep, managing director of JLL (Thailand) suggests that investments in New York, Los Angeles, London, Tokyo, Shanghai and Beijing make perfect economic sense. He adds that property values in these big cities will continue to grow because of urbanisation. Supin favours investments in US in commercial assets, such as department stores, offices and hotels. [...] Continue Reading »
