Thomas Cook has appointed Jones Lang LaSalle (JLL) for monetizing its realty assets in India. The global tour provider agency aims to cut short its debts through monetizing its assets. Mounting debts has prompted Thomas Cook to monetize its real estate properties in India. The global tour provider agency has already appointed Jones Lang LaSalle […]
Tag: Jones Lang Lasalle
JLL Will Raise Commercial Realty Fund of Rs.1200 Cr
Jones Lang LaSalle is now planning to raise a new commercial realty fund. JLL plans to raise Rs.1200 Cr for investing in the commercial sector. BANGALORE: Last year Jones Lang LaSalle has invested in the residential market of Bangalore. This year JLL is planning to have a shift from the residential sector to the commercial […]
Jones Lang LaSalle picks Bangalore realty for investment
For Jones Lang LaSalle, Bangalore realty is the best choice for investment. The global property consultant will enter into the real estate investment segment through investing in Bangalore. Jones Lang LaSalle plans to step into the real estate investment for the first time. They will invest in the real estate sector of Bangalore, their first-choice of […]
MTNL Monetizes Real Estate Assets To Raise Rs.5000 Cr
Mahanagar Telephone Nigam Limited (MTNL) has planned to monetize its prime real estate assets to raise Rs.5000 Cr. The state- run telecom provider MTNL has approached a real estate consultant with their plan to monetize real estate assets. MTNL hopes to raise around Rs.5000 Cr through divesting their real estate assets. As per the plans […]
Course on Real Estate Industry Attracts Youths
With the boom of real estate industry across the country, it seems the youths are not just concentrating on good communication skills and sound knowledge of geographical area to become a good realtor, but are now looking at courses on real estate industry to get the professional touch. An industry report filed by leading real estate […]
Surat Realty 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 […]
Mumbai gives 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 want to buy 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 Real Estate Sector.
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 buyers this year. The Indian property market will see more investment from overseas this year as it still remains an attractive […]
New Incentivised Schemes for Affordable Housing in Offing
In its upcoming mid-term appraisal, the Planning Commission is likely to introduce couple of new schemes for real estate sector so that it acquires a priority status at times of meltdown and provide for “affordable housing”. Announcing this at the ASSOCHAM National Conclave on Threat Before Real Estate Sector – What are Solutions? held here […]
Realtors may cut prices by 30%
DLF, Unitech and other real estate developers may lower prices by 30% by mid-2009 to nudge buyers out of their “wait and watch” stance, according to experts. The price cut, if implemented by the country’s builders will also push sales higher, especially of the affordable category, property consultants said. ”Many developers will come down on […]
Realtors look at ‘affordable’ flats for cash flows
After launching mid-income houses, real estate companies are now targeting low-priced homes in the sub-Rs 10 lakh category to improve cash flows and beat the slump in the property market that has been driven by high borrowing rates. Unitech, the Delhi-based property major, has applied to the Haryana government to develop houses in the Rs […]
British Realty Aiming Indian Investors
British realty developer The Berkley Group is aiming Indian investors with its two exclusive London properties in the price range of Rs 2-8 crore per flat. It has coupled with global property consultant Jones Lang LaSalle Meghraj (JLLM), which sees investment by wealthy Indians in British residential properties growing up to 15 billion pounds by […]
Indians To Spend 15 Billion Pound To Buy Homes In UK
Fuelled by the country’s rapid economic growth and increasing number of high net worth individuals, residential investment by Indians in UK is likely to touch a whopping 15 billion pound over the next decade, says a report. “Indians could potentially own 20,000-30,000 UK residential properties over a 10 year horizon and UK-India cross border Investment […]
Retail Boom In India
With rise in prosperity and disposable income of the middle class people in cities due to high economic growth, India is witnessing a retail boom. This has led to the growth of organized retailing, which is changing the way shopping is done, particularly in big cities like Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad among others. […]
Asia Property Investment Up 27 Percent In 2007
According to consultants Jones Lang LaSalle, Property investment in Asia reached a record $121 billion in 2007 up 27 % from the previous year. And while the credit crunch took its toll in Europe and North America in the second half of the year, pushing down global transaction value by 8 % from the second […]
Real Estate Need Talent And Skill
The demand for talented and skilled individuals to power the growing real estate industry has increased. “The Indian real estate sector is maturing from the short-sprint mindset and is gearing up for the long distance stakes of sustainable real estate development,” says Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj, real estate money […]