JLL strengthens presence in North, opens office in Noida

Delhi NCR/ Noida, 01 March, 2024: JLL, India’s largest real estate consultancy firm, is pleased to announce the opening of its new office at Max Tower in the heart of the Central Business District (CBD). The 4000 sq.ft (approx.) new office boasts of several modern amenities and state of the art facilities. The new office aligns with JLL's global standards and reflects the firm's commitment to creating a consistent and seamless experience for clients across its global network.

Noida, Greater Noida, and Yamuna expressway is rapidly gaining recognition as an attractive destination for businesses and investors. With a robust growth story and promising prospects, Noida offers a lucrative environment for companies looking to establish their presence in the region. The city has become one of the fastest-growing Office leasing and Industrial markets, attracting major occupants.

“Starting operation in the year 2019, we have witnessed a steady surge in revenues achieving an impressive compound annual growth rate (CAGR) of over 36%. With the opening of our new office, we are taking a significant step towards enhancing our regional presence. This dedicated space showcases our commitment to attracting the best talent, developing industry-leading experts, and providing our clients with exceptional service and valuable market insights. We have consistently maintained a market share of 30%-35% in Noida. Our dedicated office in Noida, built to match JLL's global standards, further strengthens our regional presence and enhances opportunities for new business,” said Manish Aggarwal, Senior Managing Director – North and East India, JLL.

Noida's growth story is propelled by a CAGR of 10% in total Grade A Office stock over the five year period of 2019-2023. With upcoming Grade A new office space supply of ~3 million square feet to be added in 2024, Noida's real estate market presents attractive options for GCC’s and Data Centers businesses. The city’s growth prospects are further amplified by strategic infrastructure projects. The upcoming Noida International Airport in Jewar, expected to be operational by September 2024, will contribute to the development of the Ghaziabad-Noida-Dadri and Yamuna Expressway industrial cluster. Additionally, Noida-Greater Noida is set to become a data center hub, attracting investments of up to INR 8,000 crore. The government has provided various incentives to attract investments, fostering an environment conducive to business growth.

JLL is India’s premier and largest professional services firm specialising in real estate. The Firm has grown from strength to strength in India for the past two decades. JLL India has an extensive presence across 10 major cities (Mumbai, Delhi NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata, Ahmedabad, Kochi and Coimbatore) and over 130 tier-II and III markets with a cumulative strength is over 13,000 professionals.

The Firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services. These include leasing, capital markets, research & advisory, transaction management, project development, facility management and property & asset management. These services cover various asset classes such as commercial, industrial, warehouse and logistics, data centres, residential, retail, hospitality, healthcare, senior living, and education. For further information, please visit jll.co.in.