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Realty firm to hire 1200 in India

November 30, 2005 14:59 IST
Global real estate consulting firm Jones Lang LaSalle has devised aggressive plans to expand its Indian operations by doubling offices, besides increasing headcount to 3,000 from the present 800 in next three to four years - a pointer to the country's growing economic prowess.

"India is a lucrative investment destination for real estate business," Vincent Lottefier, company's country head told PTI in New Delhi.

He said as per its strategy to provide support including Pan-India quality advice to clients wherever they are, the realty firm would add six new offices in next 24 months.

With realty sector witnessing a boom in India, he said the company has decided to tap opportunities offered by Tier-III cities.

It has recently started operations in Pune, a Tier-II city, and plans to open new offices in Tier-III cities such as Cochin, Chandigarh and Kolkata.

The company, which started its Indian operations in 1998, presently has offices in Bangalore, Chennai, Delhi, Mumbai, Hyderabad and Pune.

On increase in the headcount, Lottefier said, "By the end of 2006, we will increase our headcount to 1,500 and in next three to four years to 3,000" and the focus would be on bringing senior people on board.

The company aims at 40 per cent year-on-year growth and has transacted over eight million sq ft office space in 2005 in eight Indian cities on behalf of clients that included institutional investors, global firms and local corporates.

Jones Lang LaSalle's operations in India will manage an impressive 15 million sq ft of property by 2006.

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