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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.

Top cities to see 8-year high in office absorption in 2019, says JLL

The cities are Delhi/NCR, Mumbai, Bengaluru, Chennai, Hyderabad, Pune, and Kolkata

JLL sells residential business to former CEO Anuj Puri

Puri will lead a team of 200 residential brokers across eight Indian cities

JLL new vertical invests in Foyr

Prior to the fresh funding, Foyr had received close to $ 1 million from Astarc Ventures

JLL's Segregated Funds Group announces first close of its 2nd fund

The fund which was launched with a target of raising Rs 300 crore has achieved its first close within a span of five months