New Delhi, April 13 (IANS) Pi Data Centers on Monday announced the Phase I launch of a 3-megawatt data centre facility in central Mumbai, with operations set to begin in August 2026.The property consultancy firm JLL said it served as exclusive adviser on the lease transaction for Pi’s first Mumbai facility and is advising on a 23-megawatt expansion for “hyperscale, colocation and cloud data centre capacity.”The Mumbai site will complement Pi’s existing 60-megawatt hyperscale capacity in Amar…
Latest JLL News & Updates
New Delhi, March 24 (IANS) India’s construction industry is likely to see a 3–5 per cent rise in costs across asset classes in 2026 amid rise in labour costs and higher metal prices, a report said on Tuesday.Developers who embrace workforce formalisation, leverage GST savings strategically, and invest in technology adoption will emerge as leaders in this dynamic landscape, the report noted.The report from real estate services firm JLL said material costs showed mixed trend in 2025 as cement,…
Bengaluru, Feb 25 (IANS) Artificial Intelligence (AI) has moved from being “interesting” to “urgent” for India’s Corporate Real Estate (CRE) teams, which manage office spaces, workplace operations and location strategy, a new report said on Wednesday.According to data compiled by JLL, 91 per cent of companies are now piloting AI in office and workplace use cases, a sharp jump from less than 5 per cent in 2023.The report showed that India Inc is rapidly embracing AI to reduce costs and …
Mumbai, Feb 17 (IANS) Over 200 new global capability centres (GCCs) have entered India in just the last two years, with projections indicating that total GCC footprint will surpass 350 million square feet within the next 3-4 years, a report showed on Tuesday.India’s GCC leasing activity reached a record 31 million sq ft in 2025, reflecting the evolution of a sophisticated ecosystem of specialised metropolitan hubs, each commanding distinct competitive advantages across critical industry vertic…
Mumbai, Feb 5 (IANS) The warehousing stock in India reached 610 million square feet in 2025, and more than half of this was premium Grade A space, a report showed on Thursday.Institutional-backed Grade A assets now account for 38 per cent of quality stock, bringing standardised development, enhanced specifications, and attracting global occupiers, sand the JLL report. Logistics (3PL) and e-commerce lead storage demand, while light manufacturing, driven by auto, engineering and electronics, is gr…
Mumbai, Jan 27 (IANS) The year 2025 delivered exceptional 54 per cent year-on-year growth in gross leasing volume in India as retail sector achieved a three-year peak in gross leasing activity, a report showed on Tuesday.Brick and mortal retail in the top seven cities of India reached a three-year high as gross leasing volume hit a total of 12.5 million square feet in 2025, according to a JLL report.This surge reflects unwavering retailer confidence across key metropolitan markets and aggressive…
Mumbai, Jan 19 (IANS) The housing market in India demonstrated clear premiumisation trends with sustained demand in higher price segments, as apartments above Rs 1 crore increased their share to 63 per cent in 2025 from 53 per cent in 2024, reflecting buyers’ preference for value-driven purchases despite overall volume decline, a report showed on Monday.This was especially evident in the Rs 1.5-Rs 3.0 crore category, which saw demand increase by approximately 19 per cent compared to 2024, accord…
Mumbai, Jan 13 (IANS) The year 2025 established yet another new record for the India’s office market with 83.3 million square feet of gross leasing volumes for the full year, according to a report released on Tuesday.With global firms accounting for a robust 58.4 per cent share, India’s position as a strategic business hub offering genuine structural tailwinds was reaffirmed during a period marked by global uncertainties, said the JLL report.The cities of Bengaluru, Hyderabad, Pune, and Mumbai r…
Mumbai, Dec 22 (IANS) Institutional investments in the Indian retail sector are projected to soar to an estimated $10.4 billion across 77 transactions in 2025, marking the second consecutive year of record-breaking performance, a report showed on Monday.The figure stands as the highest on record and represents a 17 per cent increase from the previous year’s exceptional performance of $8.9 billion, according to the JLL report.Beyond immediate transactions, 2025 witnessed significant platform comm…