market highlights -...
TRANSCRIPT
Pulse
Monthly Real Estate Monitor
Market Highlights
September 2015
AUGUST 2015
Office space demand
improved across all
cities barring
Ahmedabad, Chennai
and Kolkata
Retail space leasing
increased in Chennai,
Hyderabad, Kolkata
and Mumbai
Residential demand
continued to increase in
Hyderabad
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Monthly Real Estate Monitor
September 2015
Favourable Neutral Unfavourable
Legend: Market Sentiment
Commercial Real Estate
up across Major Cities
Average transacted office lease sizes across Mumbai, Bangalore,
Chennai and Pune have increased from the uncertain times seen in
1Q14 – prior to the general elections. Following elections in May
2014, however, market sentiment improved gradually, while Mumbai,
for example, witnessed 65% appreciation in average deal sizes
between 2Q14 and 2Q15.
The number of transactions has also increased considerably across
all these cities. Pune leads with an impressive 89% y-o-y growth in
transacted space per lease deal, followed by Bangalore at 78% and
Chennai at 67%. Good days are returning for office real estate and
tenants will remain in an expansionary mode. Occupiers are not only
leasing larger office space, but they also expect all the space to be on
the same floor. Developers are constructing bigger floor plates to
meet the evolving demand.
Ashutosh Limaye, National Director- Research, JLL India
-------------------------------------------------------------------------------------------- For further reading please refer to following link:
http://www.joneslanglasalleblog.com/realestatecompass/real-estate/2015/08/commercial-
real-estate-residential-major-indian-cities///
India’s economy, defying weakness in
developed countries and elsewhere in
emerging Asia, expanded 7% in the April—
June quarter, making it one of the world’s
fastest-growing as China downshifts. Asia’s third-largest economy also continued
to distinguish itself by being fuelled not by
investments or exports but by consumer
spending, which grew 7.4% y-o-y. Indians are
still opening their pocketbooks despite a
withering of demand in other large
economies, which has sapped trade and
production growth around the globe.
Investment sentiments
improving
A sea-facing triplex penthouse of 17,000 sq. ft.
carpet area in South Mumbai's Napean Sea
Road locality is being sold for INR 2 billion,
the biggest for a residential apartment in India
The Centre named 98 cities for the Narendra Modi
government's flagship Smart Cities project, with Uttar Pradesh
bagging the most in August.
To develop Rajarhat-New Town as a green and
smart city, the Housing Infrastructure
Development Corporation (HIDCO) will set up
two new utility buildings in the township that will
be developed as green buildings
Next
DELHI
KOLKATA
CHENNAI
BANGALORE
HYDERABAD
PUNE MUMBAI
AHMEDABAD
For more information about our research, contact
Ashutosh Limaye
National Director, Research and REIS +91 98211 07054 [email protected]
Sujash Bera
Manager, Research +91 98305 43922 [email protected]
Research Dynamics 2015
Pulse reports from JLL are frequent updates on real estate market dynamics.
www.joneslanglasalle.co.in
Cities
Office
Rental
Value
Retail
Rental
Value
Residential
Capital
values
AHMEDABAD
DELHI
MUMBAI
PUNE
BANGALORE
CHENNAI
HYDERABAD
KOLKATA
Legend
Growing Stabilise Stagnate Falling
Back to top
OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
September 2015
Ahmedabad
The Sardar Patel Institute of Public Administration (SPIPA) has lined up
an expenditure plan worth INR 140 crore to beef up and upgrade its
infrastructure to be at par with the top institutes of the country. Top
architects from the state will be taken on board for the purpose.
The office space transactions in
Ahmedabad remained moderate
during the month of August. Select
pockets such as CG Road observed
some traction. Small office units
ranging from 2,000 – 3,000 sq. ft. got
transacted the most.
Major transactions:
• Amazon Prione in CBD
Retail malls in Ahmedabad continued
to see lukewarm transaction during
the month. Nonetheless, the demand
for strategically located commercial
development with showroom spaces
remained noteworthy.
Major transactions:
• Nexa in SBD
Residential sector in Ahmedabad
witnessed stable demand over the
month. New launches were mostly in
affordable segment especially in the
nodes such as Bopal, Chandkheda,
Naroda.
New Launches:
• Jewel Residences in Ambli Road
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Prahlad Nagar 35–50 6,000–7,500
S G Highway 35–50 6,000–7,500
Ashram Road 32–42 5,500–6,500
Navarangpura 32–44 5,500–6,500
Koba 22–35 4,000–5,000
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
CG Road 100–125 16,000–18,000
SG Highway 80–110 11,000–13,000
Ashram Road 110–130 14,000–16,000
Chandkheda 60–80 9,000–12,000
Koba 50–70 8,000–10,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Naroda 4,000–6,000 2,200–2,500
Gota 5,000–8,000 2,500–2,800
Navrangpura 15,000–20,000 6,000–7,000
SG Highway 10,000–15,000 5,500–7,500
Satellite 12,000–15,000 4,000–6,000
South Bopal 8,000–12,000 3,000–4,000
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OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
September 2015
Bangalore
The Bangalore Metro Rail Corporation Limited (BMRCL) revised the plan
for the part of phase-II metro rail project at Jayadeva hospital junction. As
per the new plan Jayadeva flyover will get demolished to build two levels
of metro lines above the flyover at maximum height of 22 m for the
Gottigere and Nagavara line above the ground level and also 14 buildings
out of 98 will be razed under this plan. BMRCL allocated INR 245 Billon
for this two line metro rail which is of 72km length.
Good connectivity with good
infrastructure and availability of Grade
A office projects were the main key
factors to keep the demand intact in
the Outer Ring Road over the month.
However, less space availability for
leasing in this sub-market pushed the
rents upwards.
Major transactions:
• Citrix at Inner Ring Road
Retail demand improved significantly
over the month.
Major transactions:
• Farzi Café, Made in Punjab and
Ducati, all at UB City Mall
• Nandos at Indira Nagar
Launches in August remained healthy
with the city witnessing good volume
of high end projects.
Key Launches:
• Sobha Clovelly at
Padmanabhanagar
• Godrej Gold County at Tumkur
Road
• VKC Chourasia Sapphire at
Mahadevapura
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
CBD 80–130 10,000–22,000
Old Airport Road 60–75 7,000–12,000
Outer Ring Road (Eastern) 52–65 6,000–8,500
Old Madras Road 48–65 5,200–7,000
Electronic City 28–34 3,000–3,800
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Koramangala 90–160 9,000–18,000
Indiranagar 90–180 12,000–18,000
New BEL Road 60–80 6,000–12,000
Commercial Street 175–250 16,000–20,000
Jayanagar 100–170 8,000–18,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Old Madras Road 15,000–25,000 5,000–8,000
Indiranagar 25,000–35,000 10,000–25,000
Bellary Road 12,000–18,000 4,500–11,000
Hosur Road 10,000–14,000 4,000–6,000
Whitefield 18,000–25,000 5,000–9,000
Tumkur Road 8,000–12,000 3,600–5,500
Kanakapura Road 10,000–17,000 4,200–6,500
Mysore Road 8,000–10,000 3,500–5,000
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OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
September 2015
Chennai
Chennai court passed a new order stating that the landlord is entitled to
receive only one month's agreed rent by way of advance and any
amount paid in excess of agreed rent shall be refunded or adjusted
towards rent.
The growth of banking and health care
was the trend that continued even
during this month
Major transactions:
• World Bank in OMR Perungudi
• Lyca Health in Nungambakkam
• Caterpillar in OMR Taramani
Most of the reputed retailers preferred
high streets for expanding their
footprints in Chennai.
Major transactions:
• Anjappar and Concorde Motors at
OMR
• Shree Mithai at Nungambakkam
Chennai witnessed moderate increase
in number of launches in key micro
markets.
Key launches
• Express Exclusive at Royapettah
• Abhinandan at Perambur Barracks
Road by Landmark Constructions
• Colorberry at Padur by Color
Homes
• TVH Crossway at Karapakkam
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Mount Road 60–85 9,000–16,500
RK Salai 65–85 10,000–15,000
Pre-toll OMR 40–70 5,000–6,500
Post-toll OMR 30–40 3,000–6,000
Guindy 45–65 6,500–9,000
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
T. Nagar 120–180 12,000–15,000
Nungambakkam 130–150 13,000–16,000
Velachery 90–125 10,000–12,000
Pre-toll OMR 80–100 8,000–11,000
Anna Nagar 120–150 11,000–13,000
LB Road (Adyar) 100–140 10,500–13,500
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Adyar 20,000–30,000 18,000–22,000
Medavakkam 11,000–14,000 4,000–6,000
Tambaram 8,000–15,000 4,000–6,000
Anna Nagar 18,000–25,000 10,000–15,000
Porur 7,000–12,000 4,200–6,200
Sholinganallur 9,000–12,000 4,500–6,000
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OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
September 2015
Delhi NCR
• Indo-Chinese JV, Cico-YFC awarded contract for construction of 6.8
km link of Metro from Noida City Centre to Sector-62 in Noida.
• Work on Delhi-Jaipur highway to be completed by March, 2016
• Circle rates enhanced by 5-10% across various categories in Noida
• Lutyens Bungalow Zone in Delhi to be shrunk by 5 sq. km as areas
such as Bengali Market, Jor Bagh, Sundar Nagar, Golf Links to be
taken out of the LBZ regulations
Demand continued to remain healthy
as occupiers were active in fulfilling
their space requirements. Some
moderate to large space requirements
would become active going forward.
Major transactions:
• Bank of Tokyo & Mitsubishi and
Oracle, both in SBD
• Navig8 Shipping Management in
MG Road-Gurgaon
Demand continued to remain weak as
vacancy is low in good-performing
malls.
Major transactions:
• H&M, Hush Puppies, Monisha
Jaising, Creyate and Mothercare,
all in Prime South
• Indian Terrain and Paislei, both in
Ghaziabad-Suburbs
Sales remained slow as buyers
remained fence-sitters and were taking
time before their buying decisions.
Price discounts and various pricing
techniques were on offer by developers
to push project sales.
New Launches:
• Godrej 101 in Gurgaon
• Panchsheel Premium 24 and
Panchsheel Pebbles in Ghaziabad
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Barakhamba Road 170–400 28,000–35,000
Jasola 110–170 17,000–21,000
DLF Cybercity 95–100 NA
MG Road 115–140 17,000–19,000
Golf Course Road 90–110 12,500–15,000
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
South Delhi 180–330 24,000–32,000
West and North Delhi 140–230 15,000–23,000
Gurgaon–MG Road 140–270 17,500–23,000
Rest of Gurgaon 60–100 8,000–14,000
Noida 130–220 14,000–25,000
Ghaziabad 90–150 10,500–16,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Golf Course Road 27,000–32,000 13,000–19,000
Sohna Road 17,000–20,000 5,800–7,500
Golf Course Extension Road 19,000–22,000 8,500–11,000
Dwarka Expressway NA 5,500–7,500
Noida–Greater Noida
Expressway 13,000–15,000 4,300–6,500
Noida City 12,000–14,500 4,700–6,000
Indirapuram 11,000–12,000 4,500–5,300
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OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
September 2015
Hyderabad
• INR 25 billion natural gas pipeline is proposed to be developed to
link East and South connecting Paradip in Odisha and Hyderabad in
Telangana.
• The government is soon slated to launch the first phase of T- Hub,
an incubation hub for start-ups to encourage start-up initiatives in the
city.
The city’s western sub market
remained active with most of the
leases. Government policies to draw
investment would soon show results
as there would likely be increased
interest among investors.
Major transactions:
• CDK Global at Hitec City.
• Indeed at Kondapur
Demands remained strong with some
large transactions happening in the
CBD and SBD sub markets. Luxury
brand Zara opened its first store at a
mall in Prime suburb while Cinepolis
expanded in the city with operation of
another 5 screens.
Major transactions:
• Crocodile, Wildcraft and Lenskart
in the High Streets of CBD
Hyderabad Residential sector
witnessed moderate rise in the
demand numbers during the month.
New Launches:
• Jayabheri Temple Tree and
Jaybheri The Peak near Express
Highway - ORR crossing off
Gachibowli.
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Begumpet 45–50 5,300–6,500
Banjara Hills 45–55 6,000–8,000
Hitec City 45–53 5,200–6,500
Gachibowli 38–43 5,000–6,000
Uppal 30–38 4,000–5,000
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Banjara Hills - Jubilee Hills 110–165 11,000–16,500
Secunderabad 110–120 11,000–12,000
Hitec City 110–130 11,000–13,000
Kukatpally 100–110 10,000–11,500
Himayatnagar 150–160 15,000–16,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Banjara Hills 20,000–25,000 8,500–15,000
Begumpet 14,750–20,000 4,500–5,500
Kondapur 11,500–17,500 3,500–5,700
Gachibowli 10,500–16,000 3,300–5,000
Tellapur 8,000–13,000 2,800–3,700
Kukatpally 9,500–15,000 4,000–5,000
Back to top
OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
September 2015
Kolkata
In a bid to develop Rajarhat New Town as a green and smart city, the
Housing Infrastructure Development Corporation (HIDCO) will set up two
new utility buildings in the township that will be developed as green
buildings. Once set up, the two buildings will be the first green buildings
developed beforehand with ready built-up space for accommodating
government offices.
Overall demand of the city started
witnessing positive demand traction.
Occupier enquiries increased across
all submarkets other than SBD.
Major transactions:
• Bentley at Rajarhat
Transaction activity continued to
increase during August. Acropolis Mall
at Kasba would commence operation
in the coming 1—2 months.
Major transactions:
• Chili’s opened its second outlet
• Airtel opened stores in multiple
locations within city limits.
• Axis Bank opened its outlet in
Prime Others.
Residential demand in the city
continued to be stable in the mid-end
and upper-mid end category. New
Launches:
• Starwood by Aspira Group and
Arch Group near Chinar Park
• Merlin Maximus at Sodepur
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Park Street 110–135 13,000–20,000
Topsia 70–90 7,500–10,000
Kasba 75–90 8,000–11,000
Salt Lake Sector V 40–45 4,000–4,800
New Town and Rajarhat 32–36 3,200–4,100
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Elgin Road 300–350 24,000–28,000
Park Street (high street) 325–375 25,000–31,000
Prince Anwar Shah Road 150–200 15,000–18,000
Salt Lake 185–225 15,000–20,000
New Town and Rajarhat 60–80 6,500–8,000
Gariahat (high street) 200–250 16,000–22,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Alipore 50,000–70,000 15,000–22,000
Prince Anwar Shah Road 20,000–35,000 7,000–14,000
EM Bypass (Topsia) 15,000–25,000 6,000–10,000
Lake Town 10,000–16,000 4,000–7,500
New Town (AA- I, II & III) 9,000–15,000 3,500–6,000
Rajarhat 7,000–14,000 3,000–4,500
Behala 7,000–14,000 3,000–5,500
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OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
September 2015
Mumbai
The Chief Minister of Maharashtra approved the two new Metro lines, a
16.5-km line from Andheri (East) to Dahisar (East) and an 18.6-km line
from Dahisar to DN Nagar. The Andheri (East) to Dahisar (East) line
would be part of a 27-km Dahisar-Andheri-Bandra (East) Metro, while
the Dahisar-DN Nagar line would be part of the larger 40-km Dahisar-
Charkop-Bandra-Mankhurd Metro.
The month of August witnessed robust
transaction activity in Mumbai office
market. Important to mention, most of
them were lease renewals in the
submarkets such as SBD Central &
Eastern Suburbs. Rents remained
unaltered during the month.
Major transactions:
• MNC IT/ITeS firm renewed at
Eastern Suburbs
With limited space available in quality
malls within Mumbai's city limits, many
brands expressed their interest in
occupying space in existing or
upcoming malls in the far-off suburbs.
Major transactions:
• Anita Dongre in a high street in
Prime South
• Brio hospitality, Lifestyle and
Louis Philippe, all at Suburbs
Mumbai residential market continued
to witness fall in demand on the back
of sluggish market sentiments. New
launches also recorded a fall in the
month of August.
New Launches:
• Lodha Codename August Moon at
Upper Worli
• Arihant Anaika at Taloja
• Avant Heritage at JVLR
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Lower Parel 160–200 17,000–22,000
BKC 240–330 26,500–34,000
Andheri - Kurla Road 100–145 10,000–15,500
Goregaon-Malad 85–125 9,000–12,500
Wagle Estate 50–65 5,200–6,900
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Lower Parel 260–390 22,000–32,300
Malad 160–250 12,500–20,000
Ghatkopar 130–220 10,100–18,300
Mulund 125–200 9,500–15,500
Thane 100–185 8,000–14,500
Navi Mumbai 75–150 7,000–12,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Lower Parel 65,000–1,10,000 25,000–40,000
Wadala 36,000–60,000 15,000–23,000
Andheri 32,000–55,000 12,500–21,500
Ghatkopar 30,000–46,000 11,500–17,000
Ghodbunder Road 12,000–25,000 6.000–9,500
Kharghar 10,000–18,000 6,000–9,000
Back to top
OFFICE
Demand Vacancy
RV
CV
RETAIL
Demand Vacancy
RV
CV
RESIDENTIAL
Demand Launches
RV
CV
Demand/Vacancy
Rental Value (RV) / Capital Values (CV) Increasing Moderate Increase Stable Moderate Fall Falling
Pulse
Monthly Real Estate Monitor
September 2015
Pune
No new infrastructure update is available for August.
Demand for office space in Pune
remained buoyant with transactions
dominated by IT/ITeS firms. As a
result, vacancy rate witnessed
marginal dip. Western part of the city
and Hinjewadi continued to remain
favourable among occupiers.
Major transactions:
• Tata Technologies in Suburbs
• InfoBeans in SBD
Leasing activity in malls remained
sluggish. With no new completions
recorded, Pune’s organised retail
stock remains unchanged. Rents and
capital values remained stable over
the month.
Pune Residential sector witnessed
stable demand during the month.
Projects such as Purvankara
Silversand and Kalapataru Crescendo
were at pre-launch stage.
New launches:
• New tower inside Godrej Prana in
South East submarket
• Marvel Fria II in North East
submarket
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
Hadapsar 55–70 6,500–8,000
Kharadi 55–70 6,500–7,500
Hinjewadi 38–48 5,000–7,000
Viman Nagar 55–75 6,500–8,500
SB Road 70–85 7,000–12,000
Key Precincts
Rental Value
(INR per sq ft
per month)
Capital Value
(INR per sq ft)
MG Road 100–160 15,000–21,000
Bund Garden Road 90–130 13,000–17,000
FC Road 100–150 15,000–20,000
JM Road 100–150 15,000–20,000
DP Road 90–130 12,000–16,000
SB Road 80–140 13,000-16,000
Key Precincts
Rental Value
(INR per month
for a 1,000 sq ft
2BHK
apartment)
Capital Value
(INR per sq ft)
Wakad 10,000–13,000 5,000–6,500
Hinjewadi 9,000–11,000 4,800–6,500
Kharadi 11,000–15,000 5,000–7,200
Hadapsar 13,000–18,000 5,500–7,500
Undri 8,000–12,000 4,000–5,500
Pimri-Chinchwad 8,000–15,000 4,500–6,000
Back to top
For more information about our research, contact
Ashutosh Limaye
National Director, Research and REIS
+91 98211 07054 [email protected]
Sujash Bera
Manager, Research
+91 98305 43922 [email protected]
Research Dynamics 2015
Pulse reports from JLL are frequent updates on real estate market dynamics.
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients
seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 70 countries from
more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property
portfolio of 3.0 billion square feet. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate
assets under management.
JLL has over 50 years of experience in Asia Pacific, with over 27,500 employees operating in 80 offices in 15 countries across the region. The
firm was named ‘Best Property Consultancy’ in three Asia Pacific countries at the International Property Awards Asia Pacific 2013, and won
nine Asia Pacific Awards in the Euromoney Real Estate Awards 2013.
For further information, please visit our website, www.jll.com
JLL is India’s premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across 11 cities
(Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of over
6800, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including
research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset
management, sustainability, industrial, capital markets, residential, hotels, health care, senior living, education and retail advisory.
The firm was named the Best Property Consultancy in India (5 Star Winner) at the International Property Awards – Asia Pacific for 2012-13.
For further information, please visit www.joneslanglasalle.co.in