Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · Market Highlights FEBRUARY 2016 ... DELHI KOLKATA CHENNAI BANGALORE HYDERABAD

Pulse

Monthly Real Estate Monitor

Market Highlights FEBRUARY 2016

Office space demand

continued to increase

across most of the

cities

Retail space demand

continued to improve in

Chennai, Hyderabad

and Mumbai.

Residential demand

remained stable in

Bangalore and

Mumbai

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Market

Sentiment

Deal of

the

month

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Legend: Market Sentiment

2016-17 Will Bring

Biggest Fall in Office

Space VacancyShowing faith in India’s economic growth, corporate occupiers have

been in expansion mode. Companies especially in the e-Commerce,

telecom and healthcare sectors, have been snapping up office space

across major cities. This expansion is also reflected by the decline in

office vacancy levels across the country – a trend that started in

2013 (see graph). By 2015-end, cities such as Pune, Bangalore,

Hyderabad and Chennai had a vacancy rate of just 5-12%.

Vacancy in Bangalore has reduced from 16% in 2011 to 4% today.

Chennai’s vacancy has come down from 32% in 2010 to 12.5% today.

Hyderabad has also seen its vacancy reduce from 17% in 2009 to

less than 10% now. Similarly, in Pune, vacancy has reduced from

18% in previous years to 5% today. The sharpest fall in pan-India

vacancy is expected between 2016 and 2017 when it will be slightly

less than 13%.

India’s office space absorption in 2015, at around 36 million sq ft was

the second highest after 2011. Leading this bull-run were cities like

Bangalore, Hyderabad, Pune and Chennai. While the absorption in

2015 was similar to 2011, it was distributed across new and old

buildings this time.

Also, while the demand in 2011 was due to lower rentals after the

global financial crisis in 2015, it was largely thanks to implementation

of growth plans by corporates. Interestingly in 2014, demand had

surpassed supply for the first time since 2007. Moreover, the demand

forecast looks strong in the medium-term.

All this is prompting developers to build fresh supply across cities in

order to meet growing demand. Developers, who had been shying

away from commercial projects after burning their fingers between

2009 and 2012 owing to a lack of understanding of the commercial

asset class and lack of funding, are returning to the market. As

demand continues to pick up, occupiers will start taking up spaces in

less ideal locations.

Ramesh Nair, COO & International Director, JLL India

--------------------------------------------------------------------------------------------For further reading please refer to following link:

http://jllapsites.com/real-estate-compass/2016/01/2016-17-will-bring-biggest-fall-in-office-

space-vacancy/

The Union Urban Development Minister

announced the names of the first 20 cities

selected to be developed as smart cities under

Prime Minister’s pet project, with Bhubaneswar

topping the list followed by Pune and Jaipur.

Surat, Kochi, Ahmedabad, Jabalpur,

Visakhapatnam, Solapur, Davanagere, Indore,

New Delhi Municipal Council, Coimbatore,

Kakinada, Belagavi, Udaipur, Guwahati, Chennai,

Ludhiana and Bhopal are also on the list.

The government will invest INR 508 billion in

these 20 cities and towns over five years.

Investment sentiments

improving

Peninsula Brookfield Investment Managers (a

venture of Peninsula Land and Brookfield Asset

Management) invested INR 950 million in residential

projects of Bangalore’s Mahaveer Group

India revised down its annual economic growth for the fiscal year that

ended in March 2015 to 7.2 per cent from 7.3 per cent reported

earlier.

New Town Kolkata Development Authority

(NKDA) is encouraging builders in Rajarhat,

New Town with 2% reduction in the building plan

sanction fee for projects having provision where

recycling of grey water can be done.

Next

http://jllapsites.com/real-estate-compass/2016/01/2016-17-will-bring-biggest-fall-in-office-space-vacancy/

DELHI

KOLKATA

CHENNAI

BANGALORE

HYDERABAD

PUNEMUMBAI

AHMEDABAD

For more information about our research, contact

Ashutosh Limaye

National Director, Research and REIS +91 98211 07054 [email protected]

Sujash Bera

Manager, Research +91 98305 43922 [email protected]

Research Dynamics 2015

Pulse reports from JLL are frequent updates on real estate market dynamics.

www.joneslanglasalle.co.in

Cities

Office

Rental

Value

Retail

Rental

Value

Residential

Capital

values

AHMEDABAD

DELHI

MUMBAI

PUNE

BANGALORE

CHENNAI

HYDERABAD

KOLKATA

Legend

Growing Stabilise Stagnate Falling

Weather Map

Back to top

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy

Rental Value (RV) / Capital Values (CV)Increasing Moderate Increase Stable Moderate Fall Falling

Pulse


DATA ANALYSIS FOR THE MONTH OF JANUARY 2016

Ahmedabad

Policy/ InfrastructureNo major policy announced by govt.

Ahmedabad office market witnessed

stable demand from corporates.

Interestingly, pharma companies

executed the transactions during the

month. Rentals and capital values

remained stable in CBD and SBD.

Major transactions:

• Clairs Pharma leased at SBD

• Arcil Arms leased in CBD

• Carl Zeiss leased in CBD

Transaction activity in retail spaces in

Ahmedabad remained moderate.

Select categories such as accessories

and lifestyle were active in executing

transactions.

Major Transactions:

• Celestial saloon and Omega both

in Prahaldnagar

Residential sector in Ahmedabad has

witnessed stable demand over the

month.

New Launches:

• Savvy Group launched Savvy

Sierra at prahaldnagar in luxuries

segment

• Shivalik group launchesd Shivalik

Paradise at Nehrungar

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Prahlad Nagar 35 - 50 6000 - 7500

S G Highway 35 - 50 6000 - 7500

Ashram Road 32 - 42 5500 - 6500

Navarangpura 32 - 44 5500 - 6500

Koba 22 - 35 4000 - 5000

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

CG Road 100 - 125 16000 - 18000

SG Highway 80 - 110 11000 - 13000

Ashram Road 110 - 130 14000 - 16000

Chandkheda 60 - 80 9000 - 12000

Koba 50 - 70 8000 - 10000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Naroda 4000 - 6000 2200 - 2500

Gota 5000 - 8000 2500 - 2800

Navrangpura 15000 - 20000 6000 - 7000

SG Highway 10000 - 15000 5500 - 7500

Satellite 12000 - 15000 4000 - 6000

South Bopal 8000 - 12000 3000 - 4000

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OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Bangalore

Policy/ Infrastructure25 from a total of 117 projects under infrastructure development worth INR

1 lakh crore from Global Investors Meet (GIM), were allocated for

strengthening infrastructure and easing traffic congestion, parking facilities,

skywalks for easy pedestrian movement in Bengaluru.

Light Rail Transit System have been proposed across two corridors from

J.P. Nagar to Hebbal on ORR (31 km) and from Magadi Toll Gate to

Peripheral Ring Road (10.6 km).

Offices leases were healthy all across the

Bangalore city. There is not enough supply

available to meet the demand for office

space

Major transactions:

• Capgemini, GE, and Thermo Fisher

leased space at Whitefield and ABB at

Bellary Road

• Google, LeTV, Ixia, OLR Retail, New

Bridge Business Centre and E&Y

leased space in SBD along ORR

Retail leases remained stable over the

month of January. Wholesale retailers like

D-mart, Walmart and local sellers are

expanding by opening large cash & carry

counters in emerging suburban localities.

Major transactions:

• Farzi café leased space at UB City

• Max, Health & Glow, W, Adidas,

Crossword, Puma, Iplanet, Splash

leased space at VR Bangalore Mall in

Whitefield

North Bangalore launches are

remained stable, as the location is

witnessing a steady and planned

development.

Key Launches:

• Brigade Juniper a block in

Brigade Orchards and UKN The

Belvedere both at Devanahalli

• Vaishnavi Trinity at Hebbalat

Hebbal

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

CBD 80–130 10,000–22,000

Old Airport Road 60–75 7,000–12,000

Outer Ring Road (Eastern) 58–65 5,500–7,500

Old Madras Road 45–65 5,000–7,000

Electronic City 27–32 2,800–3,500

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Koramangala 90–160 9,000–18,000

Indiranagar 120–180 12,000–18,000

New BEL Road 80–120 6,000–12,000

Commercial Street 175–250 16,000–20,000

Jayanagar 80–150 8,000–18,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Old Madras Road 15000-20000 4500-6500

Indiranagar 22000-29000 12000-17000

Bellary Road 12000-18000 4900-7600

Hosur Road 13000-19000 4300-6500

Whitefield 15000-25000 4500-8000

Tumkur Road 8000-15000 4200-6500

Kanakapura Road 8000-15000 4000-6000

Mysore Road 9000-13000 3000-5500

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OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Chennai

Policy/ InfrastructureUnion railway minister Suresh Prabhu inaugurated railway projects

worth Rs 373 crore to improve rail connectivity between Chennai and

other cities.The projects inaugurated in the city include two broad gauge

lines, the 30 km Tambaram–Chengalpet line and the 15 km

Chinnasalem–KallaKurichi line for which the foundation stones were

laid.

Office market continued to remain

stable

Major transactions:

• Haworth at Mount Road

• HCL at OMR Taramani

• Soft Square Solutions at OMR

Taramani

Retail leasing has shown a slight increase

which led to the decrease in the vacancy

levels

Major transactions:

• TOVO Canteen and Login

Restaurants at Besant Nagar

• Evoke Resto Lounge- OMR

• Rocah and Barbeque Nation at

Velachery

• Nando's and Dunkin Donuts at Forum

Vijaya Mall

The market is undergoing correction as the

decrease in number of launches and

existence of demand caused the levels of

unsold inventory to come down.

Key launches:

• Pace Park Lane at Anna Nagar West

by Pace Builders and Advaita Blosson

at Kelambakkam by Advaita Homes

• Ruby Gateway at Vetri Nagar,

Tambaram by Ruby Builders and

Promoters

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Mount Road 60–85 9,000–16,500

RK Salai 65–90 10,000–15,000

Pre-toll OMR 40–75 5,000–6,500

Post-toll OMR 35–40 3,000–6,000

Guindy 45–65 6,500–9,000

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

T. Nagar 120–180 12,000–15,000

Nungambakkam 130–150 13,000–16,000

Velachery 90–125 10,000–12,000

Pre-toll OMR 80–100 8,000–11,000

Anna Nagar 120–150 11,000–13,000

LB Road (Adyar) 100–140 10,500–13,500

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Adyar 20,000–30,000 18,000–22,000

Medavakkam 11,000–14,000 4,000–6,000

Tambaram 8,000–15,000 4,000–6,000

Anna Nagar 18,000–25,000 10,000–15,000

Porur 7,000–12,000 4,200–6,200

Sholinganallur 9,000–12,000 4,500–6,000

Back to top

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Delhi NCR

Policy/ Infrastructure• 6 - lane bridge under construction across the Yamuna, parallel to the

existing Okhla Barrage, likely to be completed in 3 months before the

target date of January 2017

• New policy planned in Gurgaon to allow vacant lands' owners to

convert them in to parking lots

• Noida plans to set up Finance Hub in Sectors 147-149 on Noida-

Greater Noida Expressway, on the lines of GIFT in Gujarat

Demand remains healthy with lack of

vacancy in established corridors, causing

occupiers to look at alternative locations

but only in quality projects. Most

requirements are expansionary in nature.

Major transactions:

• Max leased 200,000 sq ft in Golf

Course Extension Road-Gurgaon

• Grey Orange leased on NH-8 and BCG

leased on Sohna Road- all Gurgaon

• Hannover Re leased in CBD

Demand remains focused towards prime

retail assets with activity being largely

seen in the newly completed Mall of

India in Noida

Major transactions:

• Kompanero, L'occitane and Carl's Jr

- all leased in Mall of India-Noida

• Looks leased in Unity MLCP-Prime

Others

Generally prices remained stable with

new launches being offered with

attractive schemes. Secondary market

prices showed a downward trend.

New Launches:

• Raheja Maheshwara and ILD GSR

Drive - both in Sohna

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Barakhamba Road 170-400 28,000-35,000

Jasola 110-170 17,000-21,000

DLF Cybercity 105-115 NA

MG Road 115-140 17,000-19,000

Golf Course Road 90-110 12,500-15,000

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

South Delhi 200-400 26,000-40,000

West and North Delhi 140-230 15,000-23,000

Gurgaon–MG Road 140-270 17,500-23,000

Rest of Gurgaon 60-100 8,000-14,000

Noida 130-230 14,000-25,000

Ghaziabad 90-150 10,500-16,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Golf Course Road 27,000-32,000 14,000-19,000

Sohna Road 17,000-20,000 5,800-7,500

Golf Course Extension Road 19,000-22,000 8,500-11,000

Dwarka Expressway NA 5,500-7,500

Noida–Greater Noida

Expressway13,000-15,000 4,300-6,500

Noida City 12,000-14,500 4,700-6,000

Indirapuram 11,000-12,000 4,500-5,300

Back to top

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Hyderabad

Policy/ Infrastructure• The State Govt. has decided to undertake project, which traces the

entire history of a parcel of land from the original owner to its current

status, to bring transparency in land records. Hyderabad and two other

districts will be on pilot basis.

• The Govt. has approved two expressways. A 5.2 km Paradise Circle –

Bowanpally and 11.5 km Tivoli Junction to Hakimpet Air Station to

decongest traffic in Secunderabad Cantt. Area.

The city’s western sub market

witnessed few good leasing. Market

remained upbeat with strong

enquiries.

Major transactions:

• Solenis Chemicals India Pvt Ltd.

in Kondapur

• Indiris Data Services Pvt Ltd in

Madhapur

Retail leases remained mostly confined to

High Streets as the retail market in the city

was short of spaces in malls.

Major transactions:

• Raymonds in Banjara Hills Road No. 2

• Bajaj Electronics in Nacharam

• Centro and Taruni in Gachibowli

• Saje in Inorbit Mall, Hitec City

• Burger King, Cream Stone and Juice

Salon in Hitec City

The residential sector remained

stable. Demand remained steady and

buyers’ sentiment upbeat as well.

New Launches:

Purvankara’s maiden project

Provident Kenworth launched at

Attapur

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Begumpet 45 - 50 6000 - 6500

Banjara Hills 45 - 55 6500 - 8500

Hitec City 48 - 55 6500 - 7500

Gachibowli 40 - 45 5500 - 6500

Uppal 30 - 35 4000 - 5000

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Banjara Hills - Jubilee Hills 140–160 13,000–16,000

Secunderabad 120–130 11,500–12,500

Hitec City 120–140 11,500–14,000

Kukatpally 100–115 10000 – 11500

Himayatnagar 150–170 15,000–17,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Banjara Hills 30000 - 45000 7000 - 15000

Begumpet 18000 - 25500 4000 - 5500

Kondapur 11500 - 22000 3800 - 5500

Gachibowli 11500 - 22000 3500 -- 5000

Tellapur 7500 - 13500 3000 - 4000

Kukatpally 16500 - 22000 4000 - 5000

Back to top

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Kolkata

Policy/ InfrastructureA 100 MGD (millions of gallons per day) drinking water supply project was

inaugurated at New Town. Of the total 100 MGD, 20 MGD capacity of

drinking water will be supplied to the residents of New Town, Rajarhat.

The rest would be supplied to the residents of Bidhannagar, Nabadiganta

Township, South Dum Dum and Haora in North 24 Parganas.

Overall demand of the city started

witnessing traction through increased

occupier enquires. We expect many of

these enquires would convert in to

completed leases, going forward.

Demand remained stable over the

month. Many of the retailers were

looking for expansion opportunities.

Residential demand in the city

continued to be stable in the mid-end

and upper-mid end category.

New Launches:

• Shriram Properties launched

Shriram Grand City, an integrated

township project near Uttarpara

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Park Street 110–135 13,000–20,000

Topsia 70–90 7,500–10,000

Kasba 75–90 8,000–11,000

Salt Lake Sector V 40–45 4,000–4,800

New Town and Rajarhat 32–36 3,200–4,100

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Elgin Road 300–350 24,000–28,000

Park Street (high street) 325–375 25,000–31,000

Prince Anwar Shah Road 150–200 15,000–18,000

Salt Lake 185–225 15,000–20,000

New Town and Rajarhat 60–80 6,500–8,000

Gariahat (high street) 200–250 16,000–22,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Alipore 50,000–70,000 15,000–22,000

Prince Anwar Shah Road 20,000–35,000 7,000–14,000

EM Bypass (Topsia) 15,000–25,000 6,000–10,000

Lake Town 10,000–16,000 4,000–7,500

New Town (AA- I, II & III) 9,000–15,000 3,500–6,000

Rajarhat 7,000–14,000 3,000–4,500

Behala 7,000–14,000 3,000–5,500

Back to top

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Mumbai

Policy/ InfrastructureThe Improvements Committee of the Brihanmumbai Municipal

Corporation on 27th of January approved the transfer of 17 land parcels

to the Mumbai Metro Rail Corporation (MMRC) for construction of the

32-km Mumbai Metro III, completing a complex land acquisition process

for the project.

Mumbai office market witnessed

prominent IT occupiers renewing

lease terms of the offices during the

month. Most of the transaction

activities were seen in the CBD and

SBD North.

Major transactions:

• Accenture renewed in SBD North

• Parthenon leased in the CBD

Retailer sentiment continues to remain

strong going by the healthy leasing

activity observed in January 2016.

Fashion and F&B categories were seen

dominating leasing activity during the

month, although other categories were

not inactive.

Major transactions:

• Blue Pepper Foods and CCD (F&B)

and Gayatri Homes (home décor)

leased space in a mall in Suburbs

The demand for residential units remained

subdued over month of January whereas

supply remained stable with projects were

launched across all sub-markets

New Launches:

• Lodha Azzuro at Parel

• Kalpataru Primus Residences at

Santacruz

• Paradise Sai World Empire at

Kharghar

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Lower Parel 165 - 210 17,500 - 22,000

BKC 230 - 310 27,500 - 34,000

Andheri - Kurla Road 100 - 150 10,000 - 16,000

Goregaon-Malad 85 - 130 9,500 - 12,500

Wagle Estate 50 - 65 5,200 - 6,900

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Lower Parel 260-390 23,000-32,300

Malad 130-230 12,500-20,000

Ghatkopar 120-220 10,100-18,300

Mulund 150-250 9,500-15,500

Thane 100-180 8,000-14,500

Navi Mumbai 85-140 8,000-12,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Lower Parel 65,000-1,10,000 25,000– 40,000

Wadala 36,000-60,000 15,000–23,000

Andheri 32,000-55,000 12,500–21,500

Ghatkopar 30,000-46,000 11,500–17,000

Ghodbunder Road 12,000–25,000 6.000–9,500

Kharghar 10,000–18,000 6,000–9,000

Back to top

OFFICE

Demand Vacancy

RV CV

RETAIL

Demand Vacancy

RV CV

RESIDENTIAL

Demand Launches

RV CV

Demand/Vacancy


Pulse



Pune

Policy/ InfrastructurePune featured in the first list of 20 cities that have been selected for the

Central Govt.’s Smart City Plan ranking second place in the list. As per

the Smart City Challenge, the Central Government will disburse INR 100

Cr each for the next 5 years for the INR 3480 Cr plan the city has

proposed to kick start the project.

Pune office market continued witnessing

a notable demand during the month of

January. Sustainable demand for the

quality offices & the low vacancy rates

across the submarkets contribute to the

rental appreciation in Pune.

Major transactions:

• Convergys leased in Westend

• Booking Expert leased in E-Space

Leasing activity in malls remained stable.

With one new completions recorded,

Pune’s organised retail stock increased by

3.7%. Rents and capital values remained

stable over the month.

Major transactions:

• Royal heritage commenced operation

with healthy pre-commitment. The

mall houses prominent brands such

as D-Mart, Inox and Max

Demand for the residential properties

remained stable over the month.

However, new launches increased

marginally in the last few weeks.

New launches:

• Parkview and Feel Bliss launched

in South West corridor

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

Hadapsar 55-70 6,500-9,000

Kharadi 55-70 6,500-9,500

Hinjewadi 38-48 5,000–7,000

Viman Nagar 55–75 7,000–10,000

SB Road 70–85 7,000–12,000

Key Precincts

Rental Value

(INR per sq ft

per month)

Capital Value

(INR per sq ft)

MG Road 160-200 22,000–30,000

Bund Garden Road 100-120 20,000-25,000

FC Road 150-200 25,000-30,000

JM Road 150-190 25,000-30,000

DP Road 100-120 18,000–26,000

SB Road 90-110 18,000-25,000

Key Precincts

Rental Value

(INR per month

for a 1,000 sq ft

2BHK

apartment)

Capital Value

(INR per sq ft)

Wakad 10,000–13,000 5,000–6,500

Hinjewadi 9,000–11,000 4,800–6,500

Kharadi 11,000–15,000 5,000–7,200

Hadapsar 13,000–18,000 5,500–7,500

Undri 8,000–12,000 4,000–5,500

Pimri-Chinchwad 8,000–15,000 4,500–6,000

Back to top

For more information about our research, contact

Ashutosh Limaye

National Director, Research and REIS

+91 98211 07054 [email protected]

Sujash Bera

Manager, Research

+91 98305 43922 [email protected]

Research Dynamics 2015

Pulse reports from JLL are frequent updates on real estate market dynamics.

About JLLJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients

seeking increased value by owning, occupying and investing in real estate. With annual revenue of $4 billion, JLL operates in 70 countries from

more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property

portfolio of 3.0 billion square feet. Its investment management business, LaSalle Investment Management, has $47.6 billion of real estate

assets under management.

JLL has over 50 years of experience in Asia Pacific, with over 27,500 employees operating in 80 offices in 15 countries across the region. The

firm was named ‘Best Property Consultancy’ in three Asia Pacific countries at the International Property Awards Asia Pacific 2013, and won

nine Asia Pacific Awards in the Euromoney Real Estate Awards 2013.

For further information, please visit our website, www.jll.com

About JLL IndiaJLL is India’s premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across 11 cities

(Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of over

6800, the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including

research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset

management, sustainability, industrial, capital markets, residential, hotels, health care, senior living, education and retail advisory.

The firm was named the Best Property Consultancy in India (5 Star Winner) at the International Property Awards – Asia Pacific for 2012-13.

For further information, please visit www.joneslanglasalle.co.in

Market Highlights - b2bimages.iimg.inb2bimages.iimg.in/files/retail_files/reports/data_file-jll-monthly... · Market Highlights FEBRUARY 2016 ... DELHI KOLKATA CHENNAI BANGALORE HYDERABAD

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