Eyeing aggressive growth over the next 12 months, JLL India is on a massive expansion plan. The property consultancy company is looking at hiring 1000 new employees in this calendar year alone. "We will be adding more than 1,000 employees in this calendar year for our different services like consultancy, research, and facility management among others," said Anuj Puri, Chairman and Country Head, JLL India.
JLL India is a part of NYSE-listed JLL. With an employee base of over 7,500, it has presence in 11 major cities across India. It has branch offices in Ahmedabad, Delhi-NCR, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore. Anuj Puri, however, clarified that the focus of the company will be to strengthen the current business and consultancy services at the existing locations rather than starting in a new city.
JLL has a global workforce of 58000, with more than 230 corporate offices which operates in 80 countries. Companies’ annual fee revenue is $4.7 billion, while the gross revenue is around $5.4 billion. JLL provides wide range of services which includes research, analytics, consultancy, transactions, project and development services, integrated facility management and property and asset management. In addition, it provides advisory services in the areas of capital markets, residential, commercial, hotels, health care, senior living and education.
Real estate market, particularly housing segment, is facing slowdown mostly because of higher property prices and costlier interest rates, amid slow economic growth.
Mr. Puri further elucidates companies’ plan by adding that “over the past few years, housing market has been slow, but office market is expanding rapidly” and that the company sees an “aggressive growth over the next 12 months as the Indian corporates and investment business starts to mature and grow more rapidly in India."