Ramesh Nair is the CEO & Country Head at JLL India. Previously, he was the Managing Director of West India region which includes Mumbai and Pune at JLL India. He leads all business lines for Jones Lang LaSalle in Mumbai and Pune.Previous positions in JLL include - Head of South India Markets, MD-Chennai , MD - Hyderabad , MD-Industrial and Head of Land. Has helped increase JLL`s market share, revenue and profitability across various businesses in different parts of India. Prior to JLL, he has worked with Colliers International & CBRE.
26 Articles
Housing market shows resilience, office segment on strong footing
Annual sales have exceeded the annual launches for the first time since 2016, indicating further stability in the residential market, according to the latest JLL Report, India Market Update 2019 , released today.
Witnessing a drop of 14% in unit launches, the year 2019 saw a substantial decrease to 136,998 when com...
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12/23/2019 1:49:45 PM
Residential Sales Modest, Office Segment shows Strong Absorption
Housing sales increased by 14% in the first nine months but is yet to reach pre-demonetisation levels; Office segment witnessed robust 40% growth in net absorption during the same period at 33 mn sq ft.
Launches decreased by 9% in the first three quarters of 2019 as compared to the corresponding period in the previous year ...
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10/1/2019 1:07:40 PM
Corporate tax relaxation to boost investments across sectors
The announcement by honourable Finance Minister, Nirmala Sitharaman proposing to slash corporate tax for domestic companies from 30% to 22% comes at an opportune time when the economy needs a boost in investments.
According to the announcement, the total revenue foregone for the reduction in corporate tax rate and other relief estimate...
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9/21/2019 12:34:24 PM
Affordable housing, liquidity and infrastructure remain key focus in Union Budget 2019-20
Enhanced focus on affordable housing to achieve ‘Housing for All’ Mission
Union Budget 2019 has been presented on expected lines. With sustained focus on affordable housing, government has emphasised on increasing the demand. In the past, the government has already awarded the infrastructure status to the af...
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7/5/2019 2:41:23 PM
NDA’s Win to Double Institutional Investments in Real Estate to US$ 10 bn in 2019
People of the world’s largest democracy have given their mandate to the Government for another term. After half a decade, we now have a glimpse of a ‘New India’ that the Government envisioned for us when it came to power in 2014. While we witnessed the implementation of key reforms during the first ND...
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5/23/2019 6:09:19 PM
Expectations from Budget 2019: Affordable Housing May Get Significant Push
The regularised real estate sector which has been showing signs of recovery has witnessed an improved business environment in recent times. Sensing the robust pent-up demand, the market has gradually aligned itself to affordable housing - thanks to the government which has until now encouraged the growth of the segment through a slew of measures...
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1/29/2019 12:53:06 PM
JLL India Launches Residential Brokerage Business to Tap into India’s Growing Housing Sector
India’s leading real estate professional services firm, today announced the launch of its Residential Brokerage Business that will offer a bouquet of technology-enabled advisory and transaction services to home buyers and developers. Significantly boosting and complementing the Firm’s extensive real estate capabilities, thi...
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1/23/2019 12:31:59 PM
Bengaluru World’s Most Dynamic City, Hyderabad Ranked Second
Bengaluru is the world’s most dynamic city among 131 major established and emerging business hubs globally, according to the sixth City Momentum Index published by JLL today. Closely following Bengaluru is Hyderabad that is ranked second with Delhi (4th), Pune (5th), and Chennai (7th) featuring in top 10 cities. ...
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1/15/2019 5:33:28 PM
Real Estate Transaction Volumes in Asia Pacific to rise by 5% in 2019
Asia Pacific's overall real estate transaction volumes in 2019 are expected to rise by 5%, though the pace of growth momentum will slow down, according to global real estate consultant JLL.
"A decade into the economic cycle, investors are contending with macro risks and geopolitical uncertainty such as rising interest rates, c...
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1/12/2019 12:04:12 AM
Housing Launches see significant jump in Bengaluru, Mumbai and Delhi NCR in 2018
After a prolonged lull of nearly 3 years, residential markets in the top 3 cities of Bengaluru, Mumbai and Delhi NCR showed definite signs of recovery in 2018. The positive impact of the regulatory reforms including the implementation of RERA and GST is now evident.
Launches on a high
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1/7/2019 11:42:00 PM
Institutional Flow of Funds to Indian Real Estate: Trends and Progress
JLL, India’s leading real estate professional services firm, today announced the launch of an exclusive report titled ‘Institutional Flow of Funds to Indian Real Estate: Trends and Progress’. The report analyses key trends in institutional investments in the real estate sector over the last decade and has estimat...
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12/25/2018 1:42:27 PM
What’s in store for Indian Real Estate in 2019?
2018 has been a rewarding year for Indian real estate. It is, however, a result of the turbulent two-year period from 2016 to 2017 when reforms such as the Real Estate (Regulation and Development) Act (RERA), demonetisation and GST were announced and implemented, and the industry remained cautious in adopting these reforms and recalibrating busi...
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12/24/2018 1:33:46 PM
NBFC Liquidity Crisis: The Road Ahead for Real Estate Sector
Lending to the real estate market has now entered a difficult phase. From cautious lending by non-banking finance companies (NBFCs) and housing finance companies (HFCs) some years back to the present conundrum, funding to the sector has almost come to a trickle from these two sources.
While developers owe a whopping Rs 260,000 cr...
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12/18/2018 1:32:18 PM
Net Absorption of Commercial Office Space in India projected to surpass 39 mn sq ft by 2020
JLL, India’s leading real estate professional services firm, along with Confederation of Indian Industry (CII) today released a report that outlines the growth and recent trends in the office sector in India. The report forecasts that net absorption in commercial office segment across India will exceed 39 mn sq f...
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12/13/2018 3:04:49 PM
Connaught Place ranked 6th Most Expensive Office Market by Rentals in APAC
Connaught Place in New Delhi has the sixth most expensive rentals for premium offices among 20 major markets in Asia Pacific region, according to data from global real estate consultant JLL.The average occupancy costs – including rent, taxes and service charges – in Connaught Place are at $142, which is hig...
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12/10/2018 3:08:44 PM
Unravelling Kerala Real Estate: A study on Kochi, Trivandrum and Thrissur
The Southern states of India have witnessed tremendous growth over the last two decades owing to progressive government policies and faster urbanization. Bengaluru, Hyderabad and Chennai are already amongst the world’s known industrialized and IT-driven cities. As a state, Kerala has been relatively quiet for som...
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12/3/2018 3:42:44 PM
On a High: Commercial Office Absorption Rises 18% y-o-y in Jan - September
The commercial office sector in India continues to witness strong growth momentum with an 18% on year increase in net absorption at 23.4 mln sqft during January – September 2018 period. This double-digit growth is driven by strong economic fundamentals, demand for good quality grade A office space, institutional ...
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11/29/2018 3:07:45 PM
How Technology is Restructuring Office Spaces
A pan India analysis of average office space transactions over the past year has thrown up an interesting trend. While we see the total space take-up picking up pace, curiously, the average size of our new offices seems to be shrinking. New offices do not necessarily mean offices of new companies, but it means offices that were leased by compani...
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6/4/2018 5:44:55 PM
How did the real estate industry react to RERA?
As we celebrate the first anniversary of the implementation of the Real Estate Regulatory Act, I would like to share some key insights and opinions of industry leaders which I have gathered across multiple discussions with them on the after-effects of RERA on the Real Estate Sector:
India is a consumer driven market. ...
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5/1/2018 11:40:23 AM
Impact of GST on Residential Property Prices: JLL Report
With the market opening up beyond state boundaries, GST's immediate benefit to developers is visible in an increase in the credit flow of taxes paid on procurements. Further, the GST law mandates the passing on of benefits arising due to increased credits to customers by way of reduced prices. However, the tim...
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4/24/2018 6:51:07 PM
4 Ways Technology will enable Policy Changes & Impact Real Estate in India
Across the globe, technology is rapidly changing the way we live and work. It is only a matter of time that it permeates into almost every aspect of our lives. Recently, the Bombay Municipal Corporation became the first civic body in the country to implement technology in governance by making the development plan reservations avai...
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4/3/2018 3:30:53 PM
India: Fastest Growing Retail Destinations in the World
For a market that is estimated to be one of the fastest growing retail destinations in the world, India has come a long way since 2011, when FDI in Retail opened up for the first time. In the past decade, the sector has progressed towards being regarded as one of the top 5 retail destinations in the world
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3/1/2018 5:46:29 PM
5 Highlights of Indian Office Markets Performance in 2017
For the Indian Real Estate Industry, 2017 stood out as a year of change and evolution. The industry has reached an inflection point, with some momentous policy changes being implemented during the year. These much awaited reforms aimed at increasing transparency and accountability through a regulator, curbing black money and shaping the fut...
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1/8/2018 4:26:40 PM
Solid Growth in India Strengthens Asia Pacific Markets
Real Estate markets in Asia Pacific registered a modest uptick of 3% y-o-y in quarterly gross leasing activity, underpinned by solid growth in India. Improvements to leasing volumes were, however confined to a limited number of markets.
While India held its ground, other regions including Greater China, South East Asia and Australia sa...
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12/7/2017 12:20:15 PM
Mumbai - The Most Prominent Real Estate Investment Destination In India
The financial capital of India which contributes about 6% of the total GDP of the country. Mumbai is not just the economic hub, but also the cultural and political hub of the country.
" .....the future of real estate in Mumbai is really bright and property prices here will continue to witness an upward trend" -
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11/13/2017 2:01:30 PM
One year of Demonetization: Real Estate Market
On the first anniversary of demonetization, it is but logical to put the past year in perspective since the sudden announcement sent shockwaves around the country.
Overnight, with high-denomination notes ceasing to be legal tender and limits on bank withdrawals, the serpentine queues outside ATMs were a common sight for the first coupl...
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11/9/2017 1:47:44 PM
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