Market Highlights -...

Pulse

Monthly Real Estate Monitor

Market Highlights JULY 2016

Office space demand

continued to increase

across most cities

Retail space demand

improved most

prominently in

Hyderabad and Pune

Residential demand

was steady in all

cities except Pune

which witnessed

growth

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Market

Sentiment

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month

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Legend: Market Sentiment

The Brexit Effect • Investors will now be in a risk-off mode, meaning more investors would either pull

out investments or stay put without investing further till clarity emerges. Until

today, 2016 was looking seemingly positive for the real estate sector in terms of

investment inflows (read PE or FDI inflows), but now that is somewhat at risk.

• The real estate sector in India will continue recovering on the back of a resilient

Indian economy and strong capital inflows. Brexit will not really disturb that

recovery since India’s office market leasing is dependent only by 5-7% on UK-

headquartered companies, investments and activity of PE funds from EU

countries in India than in the UK.

• Investors in the UK looking to invest in residential properties outside UK will have

to study and compare returns and risk assessments for real estate in India versus

real estate in the EU. However, investors will refrain from making plays for some

time as they will want to develop a good understanding of the comparative risks-

returns scenario.

• The first reaction of investors to a situation like this is to exit from sectors that are

perceived risky. Given the Indian stock markets, real estate was considered risky

until recently; it had only begun to emerge on the back of policy reforms like

RERA and other factors providing a positive market momentum. Given a risk-off

sentiment, realty stocks could witness selling pressure as investors scramble for

safe-haven sectors such as FMCG or pharmaceuticals.

• Several major IT firms such as Infosys, TCS and HCL Tech earn a third of their

revenues from the EU. A possibility of EU slowing down will have an adverse

impact on their revenues. The IT sector is a leading occupier of office space in

India every year.

• More European retailers entered India in 2015 as part of expansion strategy to

new markets. We had anticipated this trend to continue in 2016. However, if the

EU economic outlook weakens, their expansion strategies may be reconsidered.

• India could be an anchor of stability, given that a proactive government has

carried out reforms at a satisfactory pace and that its inflation has remained

controlled over the last year or so.

• India’s bilateral trade with the UK is export surplus, which is good for India.

However, compliance cost for India’s exports will rise. At the same time, India

can negotiate more favorable trade terms with the UK.

• The British pound is currently at a 31-year low, which itself provides an attractive

rationale for foreign investors with an appetite to do so to acquire properties in

the UK. There is no doubt that the UK – particularly cities like London – has

always held a special attraction for Indians, particularly HNIs, with business

interests or families there. Such individuals will certainly keep a close watch on

the effect of Brexit on UK property prices, and it is very likely that many more

Indians will seek to invest there.

Anju Puri, Chairman & Country Head, JLL India

To read further, please refer to the following link:------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

http://jllapsites.com/real-estate-compass/2016/06/the-brexit-effect/

The government will promote regional planning

for the construction of houses in satellite

townships, peri-urban and peripheral areas to

meet the housing demand in urban areas. The

ministry is close to finalising a proactive, practical

and pragmatic Rental Housing Policy keeping in

view that 27% of the housing demand is for such

rental housing. The minister stressed the need to

assist the poor even in remote and far off places

in the planning, designing and construction of

safe and resilient houses.

Investment sentiment

improving

The Tata Realty and StanChart PE JV bought

M3M land for INR 250 crore. The JV bought 25

acres from M3M for INR 10 crore per acre.

The Income Tax Department has eased norms for non-resident

investors, who will not be subjected to a higher rate of TDS on their

interest earnings, royalty or technical fees if they furnish some

personal details and a tax residency certificate from their home

country.

The West Bengal Housing Infrastructure

Development Corporation (WBHIDCO) has started

preparing a plan to develop New Town as a Green

City.

Next

http://jllapsites.com/real-estate-compass/2016/06/the-brexit-effect/

DELHI

KOLKATA

CHENNAI

BANGALORE

HYDERABAD

PUNEMUMBAI

AHMEDABAD

For more information about our research, contact

Ashutosh Limaye

National Director, Research and REIS +91 98211 07054 [email protected]

Aritra Das

Analyst, Research +91 95157 20645 [email protected]

Research Dynamics 2016

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

Weather Map

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


DATA ANALYSIS FOR THE MONTH OF JUNE 2016

Ahmedabad

Policy/InfrastructureImplementation of the Information and Communications Technology (ICT)

plans for Dholera, a major greenfield Smart City coming up in Phase I of

the Delhi Mumbai Industrial Corridor (DMIC) project, has begun. Top

officials of the DMIC Development Corporation (DMICDC) and Dholera

Special Investment Regional Development Authority (DSIRDA) reviewed

the detailed plans for the ICT infrastructure.

Back to top

The Ahmedabad office market

remained less active during the month.

No prominent occupiers executed

transactions; nonetheless, BFSI and

pharmaceutical companies were seen

evaluating office options for expansion.

New Completions:

• Titanium One at SG Road

• ABC-1 and ABC-2 at CG Road

The Ahmedabad retail market saw

precinct-specific retail activity.

Corporate Road and Prahlad Nagar

saw transaction activity from categories

such as fashion apparels and hyper

stores.

Major Transactions:

• AND, Global Desi at CG Road

• Pantaloons at Prahaldnagar

The residential market was very slow

during the month. No prominent

launches were registered. However,

there was a notable level of demand for

the affordable housing category.

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

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Bangalore

Policy/InfrastructureThe government allocated INR 73 billion for Bangalore’s infrastructure

development over the next two years under the Nagaroththana Scheme.

Back to top

The north-east of the city witnessed

stronger office leasing activity.

Major transactions:

• Qualcomm, All Street and Morgan

Stanley leased space at Outer Ring

Road

• Bally Technologies leased space at

Whitefield

• Comviva leased space at Yelahanka

Retail leasing activity in malls was

healthy. Apparels and ethnic fashion

wear had a major share of mall

occupancy across Bangalore.

Major transactions:

• Mega Mart, Ethos and Flying

Machine at Whitefield

• McDonald’s and Soch at

Malleshwaram

Builders focused more on launches in

the suburbs across Bangalore. Demand

was higher in the suburbs that showed

some quick appreciation for the buyers.

Major launches:

• Samruddhi Lumbini Heights at

Kanakapura Road

• Legacy Vivienda at Devanahalli

• Kolte Patil iTowers Exente at Hosur

Road

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

CBD 85-130 12,000-22,000

Old Airport Road 60-75 7,000-12,000

Outer Ring Road (Eastern) 58-67 5,500-7,500

Old Madras Road 55-75 6,000-8,500

Electronic City 34-38 3,500-4,500

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Koramangala 90-160 9,000-18,000

Indiranagar 120-180 12,000-18,000

New BEL Road 80-120 6,000-12,000

Commercial Street 175-250 16,000-20,000

Jayanagar 80-150 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 4,500-6,500

Indiranagar 22,000-35,000 12,000-17,000

Bellary Road 12,000-18,000 4,900-7,600

Hosur Road 13,000-20,000 4,300-6,500

Whitefield 15,000-25,000 4,500-8,000

Tumkur Road 8,000-15,000 4,200-6,500

Kanakapura Road 8,000-15,000 4,000-6,000

Mysore Road 9,000-13,000 3,000-5,500

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Chennai

Policy/InfrastructureThe allotment of INR 3,500 crore towards the development of roads in the

state of Tamil Nadu under the Comprehensive Road Infrastructure

Development Programme (CRIDP) 2015-2016 is expected to give a

major fillip to the city’s realty industry.

Back to top

Grade A office space rentals are

expected to strengthen for quality

office space across all sub-markets.

Major transactions:

• Hexaware at Thoraipakkam and

Talent Maximum at Mount Road

• Fresh Desk at Kandanchavadi

New completions:

• High Street IT Park at Teynampet

The demand was primarily driven by

the high streets.

Major transactions:

• Sony Centre at TTK

• Children’s Place at Express

Avenue

• Double Roti at Anna Nagar

Interest rates combined with the

improving funding scenario provided

significant tailwinds to a hitherto

sluggish residential sector.

Major launches:

• Tuxedo by DRA at Velachery

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 65-90 10,000-15,000

Pre-toll OMR 40-75 5,000-6,500

Post-toll OMR 35-40 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 18,00025,000 10,000-15,000

Porur 7,000-12,000 4,200-6,200

Sholinganallur 9,000-12,000 4,500-6,000

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Delhi NCR

Policy/Infrastructure• Gurgaon circle rates cut by 15%

• Noida residential land rates hiked by 14.9%

• Delhi Development Authority (DDA) has amended the Unified Building

Byelaws to allow cellphone towers in residential colonies

• Approval from IITs is a must for Greater Noida developers for

structural safety

Back to top

Office space demand remains healthy

although closures are taking a little longer.

Major transactions:

• IMF and HDFC in SBD, G4S on NH-8,

Gurgaon, Indus Towers in Sec-62,

Noida and Qatar Airlines in the CBD

New completions:

• Vipul Business Park on Sohna Road

Demand continues to be focused

towards quality retail assets.

Major transactions:

• DC Shoes and Kazo in Prime

South

• Bobbi Brown, Charles & Keith,

Study by Janak in Noida-Suburbs

New completions:

• Unity MLCP at Rohini

Launches have dried up with

developers looking to sell off existing

inventory first. Demand remains slow,

but end-user traction is being seen in

low-cost projects and those nearing

completion.

Major launches:

• Ambience Creacions Phase II (2

BHK)

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 105-115 N/A

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 200-400 26,000-40,000

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 N/A 5,500-7,500

Noida–Greater Noida

Expressway13,000-15,000 4,300-6,500

Noida City 12,000-14,500 4,700-6,000

Indirapuram 11,000-12,000 4,500-5,300

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Hyderabad

Policy/InfrastructureThe Greater Hyderabad Municipal Corporation (GHMC) has identified 18

junctions and entrusted to the land acquisition wing the task of acquiring

land to facilitate the Strategic Road Development Programme (SRDP).

Back to top

The Hyderabad market witnessed good

traction. Good demand and low

availability of quality space pushed rents

in the Western sub-market.

Major transactions:

• Salesforce leased space in

Gachibowli

• Cotivity leased space in Hitec City

• Zee TV leased space in the SBD

The retail market in the city witnessed

robust growth with several

transactions in upcoming shopping

malls and on high streets.

Major transactions:

• SPAR in Nacharam

• Unlimited on Dr. A S Rao Nagar

• Max in Madinaguda

• Skoda in Jubilee Hills

The residential market remained

stable following large launches in the

past few months. Demand has

witnessed an upward swing following

healthy economic activity.

There were no major launches during

the month.

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Begumpet 45-50 5,500-6,500

Banjara Hills 45-55 7,000-8,000

Hitec City 48-55 6,000-7,000

Gachibowli 40-48 5,500-6,000

Uppal 30-35 4,500-5,500

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Banjara Hills - Jubilee Hills 140-160 13,500-16,000

Secunderabad 120-130 12,000-13,000

Hitec City 120-140 12,000-14,000

Kukatpally 100-115 10,000-11,500

Himayatnagar 150-170 15,000-17,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Banjara Hills 25,000-35,000 7,000-15,000

Begumpet 17,500-25,000 4,500-5,500

Kondapur 11,000-20,000 3,800-5,000

Gachibowli 11,000-20,000 3,500-4,800

Tellapur 7,000-12,500 3,000-3,800

Kukatpally 15,000-20,000 4,000-5,000

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Kolkata

Policy/Infrastructure• Kolkata Municipal Corporation (KMC) began to offer an online solution

for essential civic services

• National Buildings Construction Corporation inked a pact with India

Habitat Centre to set up modern convention centres in New Town,

Kolkata

• KMC rolled out the Unit Area Assessment (UAA) system for

calculation of property tax with a rider

Back to top

The market witnessed moderate

transaction activity. Most transactions were

for small to medium-sized floor spaces.

Major transactions:

• Oracle, Emerson, Ola Cabs and

Fosma Meritime leased space in PBD

• Maersk Shipping leased space in the

CBD

• Indian Oil Petronas leased space in

the SBD

The market remained stable in June.

While demand remained steady, the

availability of quality space determined

the movement of transactions.

Major transactions:

• Botega Cantina Y Bar at Park

Street

• Max in Bansdroni

• Country Roads at DLF Galleria,

New Town

The residential market remained stable

while launches remained steady over

the month.

Major launches:

• Shankh Mani at Tollygunge by the

Mani Group and the MBBS Group

• Shree RSH Signature at

Tollygunge by Amit Realty and the

Shree RSH Group

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

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Mumbai

Policy/InfrastructureThe final approval from the Ministry of Environment and Forest (MoEF)

for the proposed Navi Mumbai International Airport (NMIA) is expected to

come this week. After this clearance from the MoEF, there will not be any

more sanctions left from this ministry, according to the City and Industrial

Development Corporation (CIDCO).

Back to top

The Mumbai office market remained

active during the month. Select

occupiers looked at strategically

located under-construction buildings to

pre-commit. Select occupiers took up

the large office space in Navi Mumbai

as well.

Major transactions:

• On Dot Solutions and DCT

Infotech, both in Navi Mumbai

Net absorption was moderate during

the month as dearth of quality space

continues to remain a problem.

Major transactions:

• Raymonds and Sbarro at Suburbs

• Gangar EyeNation at a high street

in Prime North

New completions:

• Orion Mall in Suburbs

In June, the residential sector

witnessed a slight fall in the number of

new launches. Sales recorded a fall as

enquiries dipped.

Major launches:

• Kalpataru Hills Pristine at Thane

• Sunshine Emerald at Santacruz

• Millionist 14 at Dadar

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Lower Parel 165-210 17,500-22,000

BKC 230-320 27,500-34,000

Andheri - Kurla Road 100-150 10,000-16,000

Goregaon-Malad 85-135 9,500-12,500

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 23,000-32,300

Malad 140-230 12,500-20,000

Ghatkopar 140-220 10,100-18,300

Mulund 150-250 9,500-15,500

Thane 100-180 8,000-14,500

Navi Mumbai 85-140 8,000-12,000

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 13,500-23,000

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

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Pune

Policy/InfrastructureThe Prime Minister launched 14 smart city projects in Pune and initiated

69 other works in other smart cities in the country under the government's

flagship Smart City Mission in 20 cities across the country.

Back to top

Robust transaction activity was

recorded in the Pune office market as a

whole. Large space transactions were

recorded, especially in Hinjewadi.

There has been a steady rent

appreciation in all sub-markets

Major transactions:

• Indian IT company in Hinjewadi

Retail space transactions remained

healthy during the month. Categories

such as Quick Service Restaurant and

fashion accessories were seen

expanding their footprint in various

areas of the city.

Major transactions:

• Max opened a store in Koregaon

Park

The Pune residential sector witnessed

increased new launches during June,

whereas demand remained stable over

the month.

New launches:

• Pallasio Towers at Wakad

• Akashparv at Bavdhan

• Aksha Vasant Park at Chikhali

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Hadapsar 55-70 6,500-9,000

Kharadi 55-70 6,500-9,500

Hinjewadi 38-48 5,000-7,000

Viman Nagar 55-75 7,000-10,000

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 160-200 22,000-30,000

Bund Garden Road 100-120 20,000-25,000

FC Road 150-200 25,000-30,000

JM Road 150-190 25,000-30,000

DP Road 100-120 18,000–26,000

SB Road 90-110 18,000-25,000

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 4,800-5,500

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

For more information about our research, contact

Ashutosh Limaye

National Director, Research and REIS

+91 98211 07054 [email protected]

Aritra Das

Analyst, Research

+91 95157 20645 [email protected]

Research Dynamics 2016

Pulse reports from JLL are frequent updates on real estate market dynamics.

About JLLJLL (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. A Fortune 500 company with annual fee revenue of $5.2 billion and gross

revenue of $6.0 billion, JLL has more than 280 corporate offices, operates in more than 80 countries and has a global workforce of more than

60,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 4.0 billion square

feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. Its investment

management business, LaSalle Investment Management, has $58.3 billion of real estate assets under management. JLL is the brand name, and

a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com

JLL has over 50 years of experience in Asia Pacific, with over 33,000 employees operating in 92 offices in 16 countries across the region. The

firm won 15 awards at the International Property Awards Asia Pacific in 2016 and was named number one real estate advisor in Asia at the 2015

Euromoney Real Estate Awards. www.ap.jll.com

About JLL IndiaJLL 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

8500, 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

awarded the Property Consultant of the Decade at the 10th CNBC-Awaaz Real Estate Awards 2015 and the Best Property Consultancy in India

at the International Property Awards Asia Pacific 2016-17. For further information, please visit www.joneslanglasalle.co.in

mailto:[email protected]

mailto:[email protected]

http://www.jll.com/

http://www.ap.jll.com/

http://www.joneslanglasalle.co.in/

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