Jll India
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JLL India revenue grows 17% to Rs 4,000 cr in FY19; to hire 2,000 employees by 2020-end
•JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of 31 March 2019.
IL&FS default impact: NBFCs, HFCs lending to real estate almost halved in FY'19 to Rs 27,000 cr, says report
•The outstanding credit by NBFCs/HFCs to real estate developers increased by more than 3.5 times to about Rs 2,33,000 crore till 2017-18 from Rs 64,000 crore in 2011-12, Nair said.
Total stock of warehousing space to reach 344 million sq ft in four years in 8 cities: JLL India report
•The demand or absorption for warehousing space clocked an unprecedented 63 percent year-on-year growth
Global property consultant CBRE to hire 3,000 employees in India this year to grow business
•CBRE's India revenue grew 20 percent during 2018 and expects to maintain its growth even in 2019, he said, but did not disclose the turnover figure.
Institutional investment in real estate may rise slightly to $5.5 bn in 2018: Report
•Real estate shows recovery signs, housing sales rise 50% in 2018; year-end liquidity crunch limits strong growth
•Property developers and consultants expect housing sales to remain subdued in the first half of 2019 due to the continuing NBFC liquidity crisis and upcoming general elections.
ATS group sells 975 flats worth Rs 1000 cr in three months on improved housing demand
•Realtors' body CREDAI and property consultant JLL India, in their joint report, said that housing sales in India's top seven cities have revived post demonetisation to rise by 25 percent in the first six months of this year.
Reserve Bank of India's repo rate hike will not have major impact on home sales, say experts
•The apex bank for the first time in over four years raised the repo rate, or the short-term lending rate, by 0.25 percent to 6.25 percent
GST benefits mainly for housing projects executed post implementation of unified tax, says report
•Benefits of GST for home buyers would majorly be seen in projects executed post implementation of the unified tax regime in July last year
Warehousing sector to see investment of Rs 43,000 cr, to create 2 lakh jobs by 2020: JLL
•The warehousing sector will attract investments of about Rs 43,000 crore and create 2 lakh job opportunities in the next three years, driven by GST implementation and growth of the e-commerce sector, according to property consultant JLL India