Latest Realty News

JLL’s reaction to the Interim Budget
Feb 18, 2014
DELHI: The issues pertaining to real estate are deeper and more inherent than those pertaining to consumer durables or the automobile industry. Resolving these issues involves fiscal adjustments to key real estate-linked policies and may even require constitutional amendments. It was therefore self-evident that the current VOA budget would not hold anything of real consequence in store for the real estate sector. That said, the support extended to the residential sector in the affordable segment
Construction cost up 25-30% in last four years, says JLL
Dec 27, 2013
HYDERABAD: The absolute cost of construction has increased 25-30 per cent over the last four years and the capital values have gone up by about 20 per cent in major cities in the country, according to real estate consultancy Jones Lang LaSalle.
Buying your dream house? Here's a checklist to bear in mind
Nov 15, 2013
MUMBAI: The ongoing Campa Cola compound stand-off in Mumbai has clearly unnerved many prospective home buyers.
Real estate emerges as new investment destination for banks
Oct 24, 2013
DELHI: Real estate has emerged as a hot investment destination with banks, as projects in other sectors of the economy have faltered, prompting banks to rush to fund commercial realty despite slow demand and inventory pileup.
JLL closes largest-ever land deal in Kolkata
Oct 01, 2013
KOLKATA: Leading international property consultant Jones Lang LaSalle India has announced the successful closure of the largest land transaction in Kolkata to date. In this deal, Delhi-based real estate developers Alchemist Township India Limited have purchased 2 million square feet of prime residential land from Highland Group at Kolkata Riverside, a satellite township development encompassing 262 acres being developed on the banks of the Hooghly River.
Avenue Venture invests Rs 55 crore in Rohan Builders' housing project
Sep 20, 2013
DELHI: Private equity firm Avenue Venture Real Estate Fund has invested Rs 55 crore in a residential project developed by Rohan Builders in Bangalore, property consultant Jones Lang LaSalle India said.
Real estate inventories close to record high
Sep 19, 2013
DELHI: Inventories in the residential real estate market are close to an all-time high in all the major cities in India.
Mixed views on linking home loans to stage of construction
Sep 05, 2013
MUMBAI: The Reserve Bank's decision to link disbursal of home loans with stages of construction has received a mixed reaction from the industry, as some believe the move will streamline the sector while others worry it will impact delivery of projects.
Slowing realty industry sees top-level exits
Aug 31, 2013
BANGALORE: Indian real estate sector is seeing top-level exit even as industry grapples with slow sales. In a recent exit, Juggy Marwaha has quit Mantri Developers to join property consultancy firm Jones Lang LaSalle (JLL) India as managing director, south India operations.
Slowing realty industry sees top-level exits
Aug 29, 2013
BANGALORE: Indian real estate sector is seeing top-level exit even as industry grapples with slow sales. In a recent exit, Juggy Marwaha has quit Mantri Developers to join property consultancy firm Jones Lang LaSalle (JLL) India as managing director, south India operations.
Office realty rates in Indian cities to benefit International companies
Aug 28, 2013
MUMBAI: Jones Lang LaSalle’s Asia Pacific Office Index Q2 2013 reveals that Mumbai and Delhi NCR’s most active secondary business districts (SBDs) stand at 6th and 13th rank respectively among business districts of top cities in Asia Pacific Region. The secondary business districts (SBDs) of Bangalore and Chennai barely make it into the top 30 districts, occupying 26th and 27th place respectively.
Does buying a plot of land suit your budget and needs? Find out
Aug 19, 2013
DELHI: In 1993, T Sridhar (name changed) bought four plots of land, each measuring 40 ft x 30 ft, outside Bangalore, for a total of Rs 1.7 lakh. At that point of time, the plots lay outside the city on the Bangalore-Madras highway. Today, the city has expanded to touch this area and a lot of development is taking place in the vicinity. The value of those four plots has soared to Rs 1.2 crore, which amounts to a compounded annual return of 23.72% over 20 years.
Bank of India to buy Standard Chartered's office space in Delhi's Connaught Place for Rs 125 crore
Jul 31, 2013
DELHI: Bank of India is buying 36,000 sq ft of office space in the upmarket Connaught Place of Delhi from Standard Chartered Bank for about Rs 125 crore, according to people close to the deal.
HDFC Realty strikes Rs 100-cr property deal for Axis Bank
Jul 27, 2013
MUMBAI: In one of the biggest office rental transactions in recent times, private lender Axis BankBSE -1.84 % is believed to have entered into a property lease deal worth about Rs 100 crore for housing its back office operations.
Buying a branded property? Things you should consider
Jul 22, 2013
DELHI: What's in a name? The Bard would never have guessed just how wrong he got it. Consumers today swear by brand names for everything, from breakfast cereal and baby diapers to washing machines and watches. Late last year, a report by property consultant Knight Frank revealed the growing trend towards branded properties.
Mumbai office market to cross 100 million sq ft mark in Q4 2014: Jones Lang LaSalle
Jul 10, 2013
MUMBAI: Despite sluggish sentiment in the overall realty sector, Mumbai's commercial real estate stock is likely to cross 100 million sq ft mark by the fourth quarter of 2014, consultancy firm Jones Lang LaSalle said.
Jones Lang LaSalle closes first round of realty fund
Jun 19, 2013
HYDERABAD:Jones Lang LaSalle’s Segregated Funds Group today announced the first closing of its maiden real estate fund in India, Residential Opportunities Fund – I (ROF – I).
Mumbai-Bangalore corridor may be Tumkur’s Midas touch
Jun 14, 2013
BANGALORE: The proposed Mumbai-Bangalore Industrial Corridor is expected to be the much-needed economic driver for the micro-market along the Tumkur road in Bangalore, said Girish K. S., Local Director - Strategic Consulting, Jones Lang LaSalle India.
JLLI closes Pune's largest M&A deal of 2013 at Blueridge SEZ, Hinjewadi
May 30, 2013
Leading international property consultants Jones Lang LaSalle India have successfully concluded the largest M&A real estate deal in Pune this year to date. Acting on behalf of the company holding BlueRidge Special Economic Zone (SEZ) Phase 1, the Firm's Capital Markets team has successfully facilitated the sale of 100% equity in the company to IDFC Limited, one of India's largest domestic financial institutions.
Alchemist Township India Ltd buys 20 acres in Aerotropolis Projects in WB
May 29, 2013
Alchemist Township India Ltd, a Delhi-based real estate developer, has bought 20 acres of prime land in the Aerotropolis being developed by Bengal Aerotropolis Projects Ltd (BAPL) at Durgapur, 180 kilometres from Kolkata. Leading international property consultants Jones Lang LaSalle India were the transaction mediators for this deal, which is West Bengal's largest land transaction in 2013 to date.
Office rent cheapest in Chennai among big 4 metros
Mar 13, 2013
MNCs looking to set up a base of operations in India would do well to look at Chennai, as the city has the lowest office rental rates among any of the big 4 metros in India. But the city also witnessed faster appreciation in rental values during the year ended December 2012 vis-à-vis more expensive cities like Delhi and Mumbai, as per real estate consultant Jones Lang Lasalle’s latest “The Office Index” report.
Office space absorption to drop by about 20pc in 2012: JLL
Oct 19, 2012
New Delhi: Office space absorption is likely to drop by over 20 per cent in the 2012 calendar year due to slowdown in economic growth and reduced outsourcing from the Europe, property consultant Jones Lang LaSalle said today. The absorption is estimated at about 28 million sq ft in 2012 against 36.7 million sq ft during last year, it said. "The outlook for office space absorption in 2012

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