Tag: Jones Lang Lasalle

Cadbury House In Mumbai To Be Sold For Rs.450 Cr

Cadbury House, the current headquarters of Cadbury India, is expected to be sold for Rs.450 Cr. The confectionery firm has already appointed Cushman & Wakefield for this. Cadbury India has informed that it will sell its headquarters Cadbury House. The sale deed is to be fixed for Rs.450 Cr. Cadbury House is located on Pedder Road area […]

Foreign retailers to Extend India Entry, JLL

Jones Lang LaSalle reported that the foreign retailers are likely to extend their decision to set up stores in India, for one or two years. Jones Lang LaSalle India, in its quarterly report Asia Pacific Property Digest, stated that the foreign retailers are likely to extend their decision to enter India by starting up various […]

Oracle India leases 50000 sq. ft. office space in BKC

Oracle India Pvt Ltd has signed to lease 50000 sq. ft. office space in the Bandra Kurla Complex. MUMBAI: Signing the lease agreement, Oracle India has made it certain that they will be having a new headquarters. The IT major will lease over 50000 sq. ft. of office space.

Surat Real Estate 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.

Buy or not to buy? Despite a profusion of analyses and research reports on housing prices and their future direction, home buyers remain as confused as ever. So it is little wonder that 37 lakh of flats remain vacant in Maharashtra, of which 4.79 lakh are in Mumbai. The Census Directorate data says that even Thane district has more than 5 lakh […]

Sahara and ICICI Bank targets 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 […]

Malls losing brands to high street

Malls are loosing brands to high street. Retailers grappling with issues of viability, visibility and branding are now quitting malls. Recent months have seen a gradual, but noticeable exodus of brands from malls to single-format stores on high street. This trend has added to the stagnant spaces in new malls, which have already been finding […]

Only significant price cut will work as a catalyst

Global real estate consultants and experts feel that the only real catalyst that could pep up the NRI spirit during this lean period is a significant price cut as it is the homecoming season for them. The price cut is expected to happen in the next three to four months. The fact that prices are […]

Asia Pacific realty market rolling under slump

The Asia Pacific property market is witnessing major impact from global economic turmoil, with vacancy rates rising and office space leasing declining, according to global realty consultant Jones Lang LaSalle. “In Asia Pacific, the financial market turmoil is starting to significantly affect the occupancy market for major financial office centres. Net leasing activity has been […]

Real estate slump may pull prices by 20%

With a slump in the Indian real estate sector due to excessive credit crunch and demand slowdown, home buyers can expect a further correction in real estate prices in the range of 15% to 20% in next six months. There are several factors working against the Indian real estate sector that can bring about such […]

Indian Realty Prices May Return

Indian property prices, which had taken off jet appears to be losing altitude after bad debts because of their origin to the real estate reduced the U.S. financial market to its knees. Market-men see prices cooling and projects are blocked because of lack of funds cheap, but do not expect the market crash. The collection […]

Slowdown In IT And ITeS Office Space n Gurgaon and Noida

Economic slowdown in the US is expected to temper demand for IT and ITeS office space in Gurgaon and Noida during the second half of 2008, a global realty consultant has said in its report. In its latest report for second quarter 2008, Jones Lang LaSalle Meghraj said that though Indian office markets have continued […]

Real Estate Firms Delay Plans

Most Indian developers have hit the brakes on fresh land acquisitions as a slide in the stock market, rise in interest rates and aggressive demands of the private equity investors have limited funding options. After five years of boom, real estate firms in India are grappling with tepid sales and cash crunches as inflated property […]

Realty Prices In Mumbai Suburbs Intends To Fall

Property prices in mumbai suburbs have started cooling down and by March 2009 the fall would be anything between 10% to 20% from now, real estate consultancy firm Jones Lang LaSalle Meghraj said. “There is no sign of propoerty prices coming down in the heart of Mumbai because of almost zero supply. But, beyond Borivali […]

Real Estate Now Supports Facility Management Also

The role of facility management is ensuring that everything is available and operating properly for property occupants to do their work. The facility manager generally has the influence upon the quality of life within a facility. In India, facility management saw its inception as a serious business in the early 1990s. Mr. Anuj Puri, chairman […]

NRIs Thinking Of Coming Back To India

Home sales in India might have turned slow but sales to NRIs is on boom continuously. According to Jones Lang LaSalle Meghraj (JLLM), residential sales to NRIs have tripled over the last half year, from 3% to 10% of the total business. Lodha Group senior Vice President R. Kartik said, “What would happen when one […]

Realty Deals Get Buried In Pan-India Landslide

Over the last two years, land prices have shown a northward trend. Now, it’s time now for a realty check. Record land auction at Mumbai’s Bandra-Kurla Complex- like the Rs 46,000 per square feet buy by Wadhwa Builders in November 2007 are passe. The last auction at BKC, by Jet Airways, has seen rates tumbling […]

Property market to go global

The number of major global investors in the GCC property market is expected to more than double this year, according to research by Jones Lang LaSalle, a property consultancy. Until this year, few of the “global 100″ property investors had ventured into the Gulf, despite a decade of strong growth in several countries.