JLL India Releases Two Research Reports at 9th CII
Realty Conclave 2017
First-of-its-kind
co-authored report on co-working in India at India’s biggest realty event
In its capacity as Knowledge Partner for this prestigious
annual event, international property consultancy, JLL India, today
unveiled two incisive research reports at the 9th CII India Realty
& Infrastructure Conclave 2017 held in Mumbai.
For their release, Ramesh Nair, CII Conclave 2017
(WR) and CEO & Country Head, JLL India offered insights into both
these reports.
“‘2017: The Inflection Point of
Indian Real Estate’ – a joint publication by CII and JLL
India – provides a comprehensive analysis of the major real estate
policies in 2017,” said Ramesh Nair. “It also examines the impact of technology
and other market forces shaping the Indian real estate industry this year and
going forward. The report provides some very interesting statistics.
For instance,
900 REIT-worthy Grade A commercial assets equalling 280 mn. sq. ft. are
currently available across India’s key cities and awaiting deployment into
India’s REIT market. Also, commercial real estate is perking up significantly
in 2017 – we expect a net absorption of 34.3 mn. sq. ft. this year on the
back of returning IT/ITeS demand, as opposed to 33.4 mn. sq. ft. in 2016.”
Indeed, these are just
glimpses of the radical positive changes currently influencing the Indian
property industry – the sector is on the cusp of significant change in 2017.
The theme for the 9th CII
Realty Conclave 2017 – ‘The Turning Point of India Real
Estate: Decoding Opportunities, Trends, and Insights
to Maneuver the Curve Ahead’ was aptly chosen, and highlighted the
importance and impact of this era of change for the country’s realty sector.
Several high-powered panel
discussions added depth to the event, examining key issues currently at play in
the sector.
The panel ‘Commercial
Office: The Future of India Office Spaces’ was moderated by Karan Sodi,
Managing Director – Mumbai, JLL India and featured Amit
Grover, Director – Office Businesses, DLF, Vinod Rohira – MD &
CEO, CRE & REIT, K Raheja Corp, Juggy Marwaha, India lead –
WeWork, Michael Holland, CEO – Embassy Office Parks, Anand Piramal – Director –
Piramal Group,Thirumal Govindraj, MD – RMZ Corp and Narayan Ranjan, Chief
of Staff – Viacom 18.
The report ‘Future of Work – The Co-Working
Revolution’, the very first co-authored study by JLL
India and WeWork on the booming co-working offices
industry, was also released during this session.
“This report investigates
the trends and market forces driving the brave new world of co-working office spaces
across India and the world,” said Ramesh Nair. “It describes in detail its
influence on the corporate real estate sector as it embraces the uncertainty
and turns disruption into opportunity. The concept of co-working is not new;
however, the tremendous growth it has seen around the globe – and now in India
– in recent years is tremendously exciting”.
Juggy Marwaha, Lead
– WeWork (India) said, “The
future of this industry will redefine the term ‘co-working’. The trend will
move towards creating beautiful, well- designed and functional spaces that
encourage collaboration and create a sense of community which will further be
enhanced by a sophisticated online platform, and community events.”
He also said, “2016-17
witnessed a spike in the growth of the industry, and as it evolves further, it
will be the era of flexible office spaces. There will be a paradigm shift in
the way companies will operate in future, and some of the best innovations and
projects will be an outcome of such true collaboration.”
In every respect, the 9th CII Realty
& Infrastructure Conclave held in Knowledge Partnership
with JLL India lived up to its reputation as the biggest and most power-packed
conference for the Indian real estate industry.
As the country’s most
anticipated annual real estate event, it once again provided a fitting platform
to the foremost stakeholders of the Indian real estate industry to discuss,
debate and share their vision for the sector’s collective and progressive
growth.
About JLL
India
JLL 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 9,300 – 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 awarded
the Property Consultant of the Decade at the 10th CNBC-Awaaz Real Estate
Awards 2015 and the Best Property Consultancy in India at the International
Property Awards Asia Pacific 2016-17.
For further information,
please visit www.jll.co.in
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