Tag: Jones Lang Lasalle

Property Consultants Differ On Office Space Demand

Property consultants offer contrasting reports regarding the office space demand and absorption trends. Normally the property consultants offer reports on everything and anything that happens in the real estate sector. In most cases their studies seldom differ. However their reports about office space demand trends in January 2013 are not supportive each other. On the […]

Surat: Realty Sector experiences 100% growth in 2 yrs.

Realty glitters in the diamond city. Real estate sector has witnessed a 100 per cent growth in the past two years, aided by a number of factors like vertical development, business opportunities and influx of people from other places. Om Ahuja, CEO-residential services, Jones Lang LaSalle (JLL) India, said, “In cities like Surat, the growth is directly related to […]

The Realty Confusion: Mumbai offers little hope for home buyers.

In a recent report, Jones Lang LaSalle said that Mumbai seems to be in a tighter spot with Rs275 billion being sunk in land since FDI (foreign direct investment) was allowed in real estate in 2005; most of which has failed to yield returns. Even many investments done in South Bombay once named as one of the […]

Sahara and ICICI Bank eye Parsvnath’s prime land in Delhi.

Real estate major Parsvnath Developers may soon be able to reduce a significant chunk of its debt, thanks to certain corporate giants showing interest in buying a prime piece of property it owns in the national capital. The Sahara Group is engaged in discussions with Parsvnath to buy its commercial land near Connaught Place in […]

Chennai leads Indian Property Sector.

The Indian property market will see more investment from overseas this year as it still remains an attractive investment destination globally. In a recent report, property broking and real estate consulting firm Jones Lang LaSalle said the Indian property market is poised to attract about US$3 billion, almost double last year’s US$1.6 billion, from overseas […]

JLLM Bags Contract From Wipro.

Real estate consulting company Jones Lang LaSalle Meghraj (JLLM) has signed a big contract with a country’s major information technology company Wipro for managing its 2.3 million square feet of office space in Bangaluru, Mumbai and Mysore. Photo by markehrWipro is the third largest exporter of the country of information and technology whereas with global […]

Check before investment

Is this the right time to invest in real estate sector? Besides ones personal situation, the external factors that influence this decision are real estate prices and interest rates. On the interest rate front, market signals are positive. Most public sector banks have cut their benchmark prime lending rates by 0.75% to 12.5% effective January […]

Home buyers can expect a better deal in the New Year

The year 2009 will lift the gloom in the real estate market as the property market turns buyer friendly with the cuts in property rates and home loan rates. Developers for their part would benefit as they will focus on creating volumes at affordable price points. The government move to boost home loans will definitely […]

Transparency in Real Estates is improving

Transparency in real estate sector seems to be improving. According to the Jones Lang LaSalle – 2008 Real Estate Transparency Index, India now holds the 50th position out of 82 markets globally. Countries are grouped into bands such as Highly Transparent (Tier 1) and Opaque (Tier 5). India has moved up from Tier 4 (Low […]

Home prices may fall in first quarter of 2009

Potential home buyers, who have been deferring their purchase decisions, may have to wait till April-May to get a good deal. The ripples of the ongoing financial crunch, coupled with mounting pressure from various other circles, will peak between January and March. That’s when many developers will be forced to sell the unsold stock at […]

Luxury Brands Prawling For High Street Space

Most luxury and premium brands are looking for quality retail-centric real estate spaces not only for expanding their branded retail shops but also for having their new offices, according to industry experts. Hugo Boss luxury watches, which is being retailed by Titan Industries Ltd through about 15 to 20 of 250 World of Titan showrooms, […]

Calculate Before Buying

HDFC chairman, Mr. Deepak Parekh criticized developers for not differentiating between super built-up area and carpet area of the houses that they deal. He pointed that developers mis-guide buyers by selling on the basis of super built-up area, without clearly mentioning how much is the carpet area. In Delhi, the authorities are following the recommendations […]

Monsoon Likely To Affect Real Estate

There is going to be a major price correction in the real estate market in the subsequent three months. Land owners and builders are holding on to the selling price of their properties due to the ongoing monsoon but post-monsoon, prices would nose-dive 15-20%. Builders and property consultants preach that monsoon season is considered to […]

Retail sector to consolidate in medium term

KOLKATA: Rising retail industry in India would see a phase of consolidation in the medium term while ill-planned malls were likely to go out of business, an official of real estate management company Jones Lang LaSalle Meghraj (JLLM) said. “There is a enormous potential for the retail sector in the country since India is a […]