Jll

Total leasing of office space in Jan jumps 93% across 7 major cities: JLL

The total leasing of office space, which comprises demand for all grades of buildings, rose 93 per cent year-on-year in January to 3.2 million square feet across seven major cities, according to property consultant JLL India. However, the leasing fell 56 per cent, compared to December 2022, which had seen 7.4 million square feet office space absorption. In January 2022, the aggregate leasing activities stood at 1.7 million square feet. The aggregate office market leasing activities refer to transactions for all grades or types of buildings in the top seven cities (Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata). The data includes confirmed pre-commitments and term renewals. Deals in the discussion stage are not included. JLL India said that fresh leasing, which included expansion and relocation-driven space take-up accounted for 87 per cent of all recorded transactions during the last month. "The month of January is typically a slow period, as the holiday seas

Sum total of all your EMIs should not exceed 40% of your net income

Make sure buying a house will not lead to compromises on other crucial financial goals

Office net absorption set to rise 50% YoY in 2023 to 40 mn sq ft: JLL study

Home sales to hit 200,000 units by 2022-end, the highest in over a decade

Office space leasing more than doubles in July across 7 cities: JLL India

Total office space leasing in July jumped over twofold annually across seven cities to 8.8 million square feet, according to JLL India. Real estate consultant JLL India in its 'Aggregate Monthly Office Lease Tracker' said the total leasing stood at 3.9 million square feet in July last year and 5.8 million square feet in the previous month. The aggregate market leasing activity refers to lease transactions for all grades or types of office buildings in the top seven cities (Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata), including confirmed pre-commitments and term renewals. Bengaluru, Mumbai and Delhi-NCR remained the top three cities with a cumulative share of 85 per cent in the July 2022 monthly leasing activity tracker. "Around 2.27 million square feet of the aggregate monthly leasing activity was on account of renewals, highlighting the long-term occupier confidence in India and the physical workplace being central to the evolving portfolio strategies," the

Suba Group signs master franchise deal with NYSE-listed Hotels

Suba Group to oversee 58 existing and upcoming Choice properties in India; move follows closure by American hospitality chain of its Indian arm

Total office space leasing in May jumps nearly 3-fold across 7 cities: JLL

The total or gross leasing of office spaces rose 28 per cent from 4.8 million square feet in April 2022 across seven major cities -- Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune and Kolkata

Institutional investment in realty at $63 billion since 2006, says JLL

"The series of reforms that started in 2014 led to increased capital flows over the years

Hotels clock 100% YoY growth in RevPar in last qtr of Calendar 2021: JLL

Indian hospitality industry is currently on a positive upward trajectory with traveller confidence backed by improved vaccination rates, and ease of travel restrictions, says JLL paper

Housing sales in Q3 jump over two fold to 32,358 units in 7 cities: JLL

Housing sales jumped over two-fold to 32,358 units during July-Sept period across 7 major cities as demand bounced back with unlocking of economic activities and lower Covid infections, according JLL

75% employees now want to go back to office, says JLL report

A latest survey by JLL shows nearly 75 per cent of the employees are now willing to start visiting offices and opt for a hybrid model

Net office leasing in top cities up 32% YoY to 4.39 mn sq ft in June qtr

Sequentially, there was a 16% dip due to intermittent lockdowns across the country in Q2

National highways offer returns over 15% via Realty development, says JLL

Sees NHAI giving impetus to modernisation of Indian Highway network, culminating in various advantages for highways users, market players, developers, investors, and facility operators

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

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

Cold chain logistics likely to grow at over 20% CAGR by 2025: JLL

India's cold chain sector is expected to grow at over 20 per cent CAGR by 2025, according to JLL, due to its transformation from conventional cold storage to modern storage space.

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%

Home sales up 34% QoQ in third quarter of calendar 2020, velocity down: JLL

The expected time to liquidate stock has increased from 3.6 years in Q2 of 2020 to four years in Q3, says a report by JLL Research

Covid-19: Delhi hotels' revenues declined 44.3% during Jan-Jul, says JLL

Delhi saw a year-on-year decline of 44.3 per cent in revenue per available room (RevPAR) in the hotel sector between January and July, property consultant JLL India said on Friday. However, this decline is the most modest decline when compared to all other major cities in India, it added. "During the lockdown months between April and June, many hotels in Delhi served as quarantine and medical staff housing facilities," JLL India Hotels and Hospitality Group said in a statement. The city is among the first key markets to bring the COVID-19 situation under control with a high recovery rate, JLL India said. Delhi has gradually opened its borders to facilitate business travel movement from the neighbouring cities of Gurugram and Noida, it added. "Delhi's hotel demand is driven by corporate business travel, the government- and judiciary-linked travel and leisure segment travel," JLL Hotels and Hospitality Group (India) MD Jaideep Dang said. He said that out of these, government-, ...

Majority of hotel operators expect up to 2 years for revenue recovery: JLL

According to the survey, only 20 per cent of the operators believe that their hotels could bounce back to 2019 RevPAR levels within 6 to 12 months

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.