Jll India

India to add 6 mn sq ft of F&B retail space by 2028, says JLL report

India's retail property market is on track for major growth, with new malls and high streets driving 6 mn sq ft of F&B space by 2028, as global and domestic operators expand

Realty to see institutional investments fall 37% to $3 bn in Jan-Jun: JLL

Institutional investments in Indian real estate are estimated to decline 37 per cent to USD 3.06 billion during the first half of this year on global economic uncertainties, according to JLL. Real estate consultant JLL India data showed that institutional investments in Indian real estate are likely to fall to USD 3.06 million in the January-June period this year as compared to USD 4.89 billion in the year-ago period. Foreign investors' share in total institutional investments in Indian real estate is 68 per cent, while domestic players infused 32 per cent during the first half of the 2025 calendar year. "Investment transactions are experiencing extended timelines due to the challenging international economic conditions and political uncertainties," the consultant pointed out. Institutional investors continue to participate through public market channels, including Real Estate Investment Trusts (REITs), Qualified Institutional Placement (QIPs) and investments in listed entities, it

Net office leasing up 54% to 128 lakh sq ft in Jan-Mar across 7 cities: JLL

The net leasing of office space rose 54 per cent year-on-year to 127.8 lakh square feet in January-March this year across seven major cities on higher demand for workspaces from corporates, according to JLL India. Real estate consultant JLL said the net absorption is calculated as the new floor space occupied less floor space vacated. Floor space that is pre-committed is not considered to be absorbed until it is physically occupied. Gross leasing of office space increased 28 per cent in January-March this year at 19.46 million (194.6 lakh) square feet, the highest among all previous first quarters of any calendar year. Gross leasing refers to all lease transactions recorded during the period, including confirmed pre-commitments but does not include term renewals. Deals in the discussion stage are not included. The seven cities are Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Pune.

India's office leasing in Q1CY25 hits 19.46 mn sq ft, up 28.4%: JLL

Gross leasing refers to all lease transactions recorded during the period, including confirmed pre-commitments, but not term renewals and deals in the discussion stage

Realty firms buy 6,000 acres for Rs 90,000 cr in 2 yrs on strong demand

Real estate developers have acquired 5,885 acres land during 2022-24 for Rs 90,000 crore to build projects amid strong demand for housing and commercial assets, according to JLL India. Real estate consultant JLL India data showed that real estate developers bought 1,603 acres of land in 2022 for Rs 18,112 crore, 1,947 acres in 2023 for Rs 32,203 crore. During 2024, the land acquisition by developers touched 2,335 acres costing Rs 39,742 crore. During the 2022-24 period, real estate developers bought 5,885 acres for Rs 90,057 crore. The data includes only outright purchases by real estate developers, the consultant said. Joint development agreements (JDAs), signed between developers and land owners, have not been included for the analysis. "The year 2024 marked a watershed year in India's real estate sector, characterised by a surge in land acquisitions. Developers across the country embarked on an ambitious expansion drive, securing a vast 2,335 acres of land through 134 distinct

Real estate attracts $8.87 bn institutional investments in 2024: Report

Institutional investment in Indian real estate rose 51 per cent to a record USD 8.87 billion during 2024 as investors look to encash strong demand for housing, office and warehousing properties, according to JLL. In its report released on Wednesday, real estate consultant JLL India has estimated the institutional investment in Indian real estate at USD 8.878 billion in 2024 compared to USD 5.878 billion in the preceding calendar year. Foreign institutional investors accounted for 63 per cent of the total institutional investments in Indian real estate. Among different asset classes, the residential segment attracted 45 per cent of inflows followed by office buildings 28 per cent and warehousing properties 23 per cent. "The year 2024 marks a milestone for India's real estate sector, with institutional investments hitting USD 8.9 billion across 78 deals. This figure stands as the highest on record, eclipsing the 2007 peak of USD 8.4 billion," the consultant said. The deal activity .

7 major cities see 305k apartments sale worth Rs 5.10 trn in 2024: Report

India's seven major primary housing markets are estimated to see sales of 3.05 lakh apartments worth Rs 5.10 lakh crore during the current calendar year, according to JLL India. These seven cities are Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad. "At the end of 2024, over 300,000 homes worth Rs 510,000 crore of homes across 485 million sq ft are expected to be sold," real estate consultant JLL India said in a statement on Wednesday. Housing sales have remained healthy and hit a new nine-month (January-September) peak in 2024 with close to 230,000 homes sold across the top seven cities worth Rs 380,000 crore sold during this period, it added. With the festive season coinciding with the fourth quarter and housing demand expected to remain strong, JLL India said it expects sales for the Oct-Dec 2024 quarter to potentially match or exceed the trailing three-quarter average of over 75,000 units, taking the full-year sales to about 305,000 units. "With this, the sa

Homes worth Rs 5.1 trn be sold across top Indian cities in 2024: JLL

Between January and September 2024, homes worth Rs 3.8 trillion were sold across the top seven Indian cities

Global Capability Centres to cross 2,500 mark in four years: JLL India

Over 1800 GCCs in India have occupied 240 msf of space: Report

Office space absorption rises 14% in second quarter over top 7 cities: JLL

Net absorption of office space rose 14 per cent annually during July-September period across seven major cities on better demand, according to JLL. Real estate consultant JLL's latest data showed that the net absorption of office space stood at 12.16 million square feet in the third quarter of this fiscal year as against 10.69 million square feet in the year-ago period. Net absorption is calculated as the new floor space occupied less floor space vacated. According to the data, the net absorption of office space in Bengaluru increased to 4.14 million square feet during July-September from 2.38 million square feet in the corresponding period of the previous year. The net demand in Chennai grew to 1.05 million square feet from 0.90 million square feet. Delhi saw net absorption of 1.92 million square feet as against 1.7 million square feet. Net absorption of office space rose to 1.85 million square feet from 1.53 million square feet. In Pune, the net office demand increased to 1.8

Indoor amusement centres may occupy 11 mn sq ft space by 2028: Report

The entertainment category is increasingly being integrated into initial mall design phases by developers

Demand for office spaces to continue rising in country: Senior JLL exec

India's skilled workforce and rise of global capability centres helping demand for commercial real estate, says Karan Singh Sodi

Investments in Indian real estate rise to record $4.8 bn in H1 2024: Report

Investment volumes in the first six months reach 81% of made in 2023, says JLL

Hotel industry clocks 11% revenue growth per room during Jan-Mar: Report

India's hotel industry saw strong demand at both business and leisure destinations during the January-March period this year leading to an 11 per cent annual rise in revenue per available room, according to JLL. In a statement on Wednesday, real estate consultant JLL India said that the hospitality sector saw an increase in Average Daily Rate (ADR) of 8.5 per cent year-on-year, resulting in a revenue per available room (RevPAR) growth of 11.4 per cent. Chennai recorded the strongest growth in RevPAR at 21.7 per cent in January-March. "Major factors contributing to this growth included an increase in corporate travel, weddings, and Meetings, Incentives, Conferences and Exhibitions (MICE) demand," the consultant said. During the first quarter of 2024, there was a robust demand for hotel rooms in both business and leisure destinations. The occupancy levels in key business markets were strong, averaging around 70 per cent, and supported by significant growth in average daily occupancy

India to have 200 new GCCs by 2025; growth to help office space: JLL

GCCs are offshore centres that handle a variety of operations like tech, customer service, finance and product development, among other things to support the parent company

Hospitality sector sees $401 mn investment surge in FY23, reports JLL

The hospitality sector has experienced a notable upswing since 2023, witnessing a record number of hotel signings and openings

India to register highest home sales since 2008 in 2023: JLL report

In the first 9 months of 2023, the highest sales were reported in the mid-segment homes, with a ticket size of Rs 50-75 lakh

Affordability levels of homes hit in last 2 years, to improve in 2024: JLL

The rise in housing prices and mortgage rates have impacted affordability levels to buy homes in the last two years across seven major cities but it may improve next year due to a likely reduction in repo rate, according to JLL India. The improvement in affordability levels would further boost housing sales, which have risen despite increases in property prices and interest rates on home loans. The consultant on Sunday released its 'Home Purchase Affordability Index' (HPAI), which signifies whether a household earning an average annual income (at an overall city level) is eligible for a housing loan on a property in the city at the prevailing market price. "The rising repo rate in 2022 as the RBI reacted to the global recessionary and inflationary trends, plus a strong demand recovery spurring price hikes, worsened affordability in 2022," the report said. In 2023, the consultant said that affordability levels are likely to marginally worsen or remain the same when compared to 2022

Sales of apartments in Jan-Sep rise 21% to 196,227 units: JLL report

Sales of apartments during the January-September period went up 21 per cent year-on-year to 1,96,227 units across seven major cities on better demand, according to property consultant JLL India. As many as 1,61,575 units were sold in the same period last year. Sales of apartments in January-September period of this year have already touched 91 per cent of 2022 annual sales. "With the onset of the festive season, robust sales are expected in the upcoming quarter and as a result, annual sales in 2023 are expected to surpass sales of 215,000 units recorded in the previous year," JLL India said in a statement on Monday. Across seven major cities, new launches of apartments also rose 21 per cent to 2,23,905 units during the first nine months of 2023 from 1,84,317 units in the year-ago period. The seven cities tracked were Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, and Pune. Mumbai includes Mumbai city, Mumbai suburbs, Thane city, and Navi Mumbai. JLL said the data incl

Net office leasing rises to 18-month high of 10.37 mn sq ft in Jul-Sep: JLL

However, in the first nine months of 2023, the office space absorption was 13.9 per cent lower than in the same period last year