June 12, 2007

Largest real estate consultancy


Leading real estate consultancies Jones Lang LaSalle (JLL) and Trammell Crow Meghraj (TCM) announced their merger yesterday forming the largest real estate services firm in the country under the name, Jones Lang LaSalle Meghraj.

While the market share of the new entity will be 35% (taking into account all property consultants), it would be 50% of the international property consultants sector.

The top official at JLL Meghraj says that the new entity will offer some new services too like a hotel division, new capital markets as well as asset and shopping center management.


TCM is already powerful in the domestic market and JLL posses its international expertise in the industry, the new merged entity is surely going to have dominance in the Indian real estate sector. Actually a good step especially for Indian real estate

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