Tag «COO – Business & International Director»

Nariman Point Unlikely To Re-Emerge As Mumbai’s Power Location

Ramesh Nair, COO – Business & International Director, JLL India Nariman Point may never regain its lost glory as the premier business location it once was. However, it will remain an important business district for certain industry-specific occupiers. For instance, established and individually-owned chartered accountancy firms will not move away from this location, since their …

Schemes Developers Use To Attract Fence-Sitters In A Sluggish Market

Ramesh Nair, COO – Business & International Director, JLL India Mumbai’s residential real estate market continues to remain lack-lustre, and unsold stock is piling up. Currently, the inventory overhang in the MMR region stands at a staggering 30 months. In response to the unrelenting sluggishness in the market, Mumbai’s residential developers have been offering various …

Development Plan 2034 – The Good, The Bad And The Unclear

Ramesh Nair, COO – Business & International Director, JLL India   Development Plan 2034 has come up with maximum permissible FSI for each plot in Mumbai. Prima facie, the DP eliminates various premiums such as fungible FSI, staircase and open space deficiency and will creates further level playing field by eliminating many of the discretionary …

Eased FDI Norms Will Open RE Funding Floodgates

Ramesh Nair, COO – Business & International Director, JLL India   Real Estate Private Equity Inflows May Double In 2 Years   The government’s announcement of easier FDI norms for the construction sector has generated a lot of excitement among the country’s real estate players – and justifiably so. The fact that 100% FDI will …

Office Space Absorption Up 58% In 3Q 2014

Ramesh Nair, COO – Business & International Director, JLL India   The Indian monsoon months are synonymous with low activity in real estate, but this year witnessed considerable amount of activity in the office sector. Compared with last year’s monsoon months of July, August and September (3Q CY 2013), this period in 2014 showed 58% …