Page 3 - Jll India

Mumbai's data centre capacity to grow more than 2-fold by 2023: JLL report

Mumbai's data centre capacity is likely to grow by more than two times its current capacity by 2023, according to a JLL report.

Indian hospitality industry's RevPAR falls 39% in first quarter: JLL

India's hospitality industry witnessed a decline of 38.7% in Revenue Per Available Room (RevPAR) during the first quarter of 2021 as compared to the year-ago period

Covid crisis: Flexible workspace options to soar as firms expand capacity

They are using the interregnum to expand and to negotiate cheaper real estate deals to add seating capacity

Data centre sector requires $3.7 bn to develop 6 mn sq ft space: JLL

An investment of $3.7 billion (about Rs 27,000 crore) will be required over the next three years to develop six million sq ft space for the data centre sector, according to a report by JLL India

JLL India CEO Ramesh Nair steps down, to be succeeded by Radha Dhir

Dhir earlier served as group president at Yes Bank, where she was head of multinational corporate banking

India's co-working space market to cross 50 million sq ft by 2023: JLL

Currently market penetration of flexible spaces into India's total office stock stands at 3%

Office leasing drops 50% in Sep qtr, 47% in Jan-Sep in top 7 cities: Report

Net leasing of office space fell 50% across 7 top cities to 5.4 million sq ft as corporates and coworking players continued to defer their expansion plans due to Covid-19, according to JLL India

JLL India to grow housing brokerage biz, strengthen presence in realty tech

Property consultant JLL India is aiming to become a significant player in the real estate technology space and will also invest to grow its housing brokerage business

We expect office rents to remain muted this year: JLL CEO Ramesh Nair

Corporates will create greater ability to work from home globally. Work from home can take away 5-10 per cent of office demand, says CEO Nair

Net office space leasing may fall 14% in 2020 on lower supply: JLL India

During 2019, the net office space leasing rose by 40 per cent to an all-time high of 46.5 million square feet as against 33.2 million sq ft in 2018.

Hyderabad world's most dynamic city, 7 Indian cities in top 20: JLL India

Last year, Bengaluru was at number one position and Hyderabad ranked second.

Hyderabad tops socio-economic, commercial real estate ranking: JLL India

Bengaluru has been ranked second while Chennai is at fifth and Delhi at sixth position in the list of 130 cities across the world.

Realty sector getting back on its feet after demonetisation shock: JLL

Hyderabad topped the list with a 36 per cent sales penetration followed by Pune at 34 per cent

Rs 25,000-cr fund to ease realty sector's liquidity situation: JLL India

Real estate developers are currently facing a huge cash crunch, but the situation is likely to improve with the government announcing a Rs 25,000-crore fund to complete stalled housing projects, JLL India CEO and Country Head Ramesh Nair said on Wednesday. The government should ensure that this fund is disbursed to the identified stalled housing projects quickly and in a transparent manner, he added. "There is absolutely no liquidity in the real estate market. Developers are not getting funds from the non-banking financial companies (NBFCs)," Nair said, while speaking on the sidelines of a hackathon event to select three proptech (property tech) startups. He said the NBFCs, which have been the major source of funding for real estate developers from last many years are facing liquidity crunch post IL&FS default. However, Nair said the situation is likely to improve with setting up of this alternate investment fund (AIF) with a corpus of Rs 25,000 crore. "This Rs 25,000 crore fund .

Office rent rises by 9% in Hyderabad, drops in Delhi-NCR in July-Sep: JLL

Office rentals in Hyderabad rose to Rs 56.20 per sq ft from Rs 51.50, while in Pune rents increased to Rs 68.17 from Rs 64.81. The city has seen 4 million sq ft leasing of Grade A space

JLL's VC arm Spark invests undisclosed sum in co-working platform Qdesq

Deal will help investor provide a more comprehensive solution to its clients in 35 Indian cities

JLL India revenue grows 17% in FY19; to hire 2,000 employees by 2020-end

Ramesh Nair, chief executive officer and country head of JLL India, said its revenue growth was fuelled by rising demand for Indian commercial real estate

JLL launches $100 mn venture fund for tech startups catering to realty

JLL Spark will focus on products that can help JLL investors and occupier clients, or can be used by JLL businesses to improve service delivery

Realty brokerages consolidate ahead of new law

Anuj Puri will lead a team of 200 residential brokers across eight Indian cities

Co-working office space demand rising on affordable rent: JLL

Co-working spaces are rapidly popping up across Indian metros and tier-II cities, says JLL MD