India | March 2021

Construction Cost Guide book

India-2021
Project & Development Services, India
Foreword
COVID-19 impact on Indian real estate has been unprecedented. The first three months of its outbreak brought the construction industry
to a complete halt and significantly disintegrated the potential buyer base in the market. With abrupt closures of construction sites and
interruptions in supply chains, many have been questioning the survival of the office, and believed fit-out costs were going to fall.
Many organisations are now restructuring their capital plans as they deal with pressures to reduce costs and defer non-essential
expenditure, and much of their capital spending is being directed towards technologies which will empower employees to adopt remote
working efficiently.
With the easing up of the restrictions complimented by favourable policies and stimulus packages, we are witnessing demand picking up.
The ‘Make in India’ initiative and government policy changes are inviting Indian and foreign organizations to increase investment in the
manufacturing, healthcare, pharmaceutical and warehousing segments.
To elucidate more on the current market trends and patterns, we’re pleased to introduce this report “Construction
Cost Guide Book” to you, which is our attempt to help our readers understand the construction cost of real estate
assets across major geographies of India and provide some guidance to prepare you for what we call ‘the next
normal’. This guide also includes a cost matrix representing different building types, an analysis of market trends of
the major building materials which helps you take informed decisions during this unprecedented time.
An interesting section in this report is the indices on cost of key materials, labour, procurement model, contract
forms and construction for the 6 cities. This guide will serve as a benchmarking tool to analyse the cost of
construction in your geography.
I hope that this guide would help you to make future decisions on where you might occupy and
develop new projects.
Happy reading.

M V Harish
Managing Director, Project & Development Services, JLL India
Construction Cost Guide book India-2021 | 2
Executive Summary
This is Construction Cost Guide Book, developed through collation and analysis of data by Cost
Management vertical of JLL’s Project & Development Services business. This guide is a powerful
tool designed to help you understand the market trends, construction cost of real estate assets
across major markets of India. To provide context for your real estate decisions, this guide
includes a cost matrix representing different style and quality levels, an analysis of market
trends of the major building materials. The data is real time, updated out of 200+ project
budgets, across 7 major geographies and covering 7 key asset classes.

It is important to note that this guide is intended as a benchmarking tool, not a cost estimating
tool, and is based on the average cost of various similar buildings across asset classes.

Construction Cost Guide book India-2021 | 3

Key Insights
The procurement strategies are evolving as clients increase their
focus on time and quality. While the item rate contract remains the
primary contracting model in the country, the design & build model
Mumbai 14% higher
than Hyderabad & Chennai in
is gaining prominence. average construction cost
The cost of construction is highest in Mumbai which is on average
10% higher than other metros, across asset classes. Hyderabad
and Chennai have the lowest average construction costs where 5-6% cost increase
in greenfield & interior fit-out
costs are about 14% lesser than Mumbai. The higher costs in
projects due COVID-19
Mumbai is largely attributable to corresponding higher prices of key
construction materials like Cement, reinforcement steel, structural
steel, stones and like.
The impact of COVID-19 on market benchmark rates has been
neutral to significant, depending on the asset classes. Based on our
analysis we have seen cost impact of 5-6% on existing green field &
interior fit-out projects.

Cost Indices for major cities

105.00
104.00
103.00
102.00
101.00
100.00
99.00
98.00
97.00
Bengaluru Chennai Delhi Hyderabad Mumbai Pune
Source: As per JLL internal cost benchmarking data Construction Cost Guide book India-2021 | 4
Real Estate in India
The Indian real estate sector is growing in all sectors; commercial, industrial
and data centre business and is heading to a new high. The residential sector
is working towards addressing the perception issues of being an unorganized
sector, the forthcoming days anticipate corrections and subsequent demand
in this sector post revival from COVID-19.
As all the sectors across the globe regardless of the industries they fall in shift
their focus to India, the investment in Indian Real Estate are leading to its best
ever returns. The REIT by various investors and developers was oversubscribed
showing the potential of Indian real estate sector in the recent times.
The abundance of well qualified professionals and lower establishment cost
has resulted in many international companies in considering India as their
potential business support destination. It has been estimated that there
will be a demand for pharma, life sciences, health care and manufacturing
sectors over the next five years. With improvement in infrastructure, as
BPOs and Industrial sector shift their focus to city outskirts, dispersion of
city population to outskirts will drive further development of the residential
sector in these locations.
Market Potential: As the Indian real estate sector and infrastructure
development continues moving upward, the opportunity in the
construction industry will continue to grow. Factors contributing to the
rapid growth in the construction industry are;

REIT in Favourable FDI in various

commercial Interest rates real estate
assets sectors

Construction Cost Guide book India-2021 | 5

Procurement Model & Contract Forms
The right procurement strategy, one that balances risk and control against the competing project objectives of cost, time and quality is key to a successful
project outcome. The following are the commonly adopted procurement routes in India:
Traditional
Contract
This method is widely known and
understood in India as a method
for procuring construction works.
It requires a substantially complete
design prior to obtaining tenders, which
are usually based on bills of quantities
or detailed specifications and drawings
to give a complete picture of the
project scope. When tendering, you can
either agree to enter into a Lump Sum
contract to give price and programme
certainty, or a re-measurable contract,
where the final price is agreed at the
end of the works, based on the rates
set out in the Bill of Quantities and
the actual amount of materials. This
traditional approach is known for
achieving a high level of competitive
tendering and giving good control over
quality, but overall project programmes
can be longer as a fully complete
design is required from the Client’s
independent design consultants.
Design Build
Contract
Detailed design and construction are
both undertaken by a single contractor
in return for a lump sum price. This
method has many hybrids but in
essence it utilizes the Contractors input
into the design process. Using a clear
set of “Employer’s Requirements”,
the Contractor can understand and
develop the design far better than the
traditional approach identified above
and as a consequence he is able to price
it for taking the design responsibility,
together with its associated risks. Where
a concept design is prepared by a design
team employed directly by the client
before the contractor is appointed (as
is normally the case), the design can
be ‘novated’ to the contractor. This
approach integrates the design and
construction process, provides for a
single point responsibility and can lead
to shorter overall project times as design
overlaps with elements of construction.
Management Design, Manage
Contracting & Construct
A Management Contractor is appointed This is a hybrid approach to
on the basis of an agreed fee, with the Management Contracting, where
intention that they will manage a number the contractor is also responsible
of trade packages which are tendered for the detailed design or
on an individual basis. The Management managing the design process.
Contractor then enters into Contract
with the successful trade contractors
providing a single point responsibility to Engineer, Procure
the Client. Design consultants appointed and Construct (EPC)
by the Client generally overlaps with
In this model, the contractor is
the construction allowing an earlier
obliged to deliver a complete
start on site. Early appointment of a
facility to client who need only
management contractor may allow them
turn a key to start operating the
to help improve the buildability and
facility, hence EPC contracts
packaging of proposals as they develop.
are sometimes called turnkey
This approach does not typically achieve
construction contracts. In addition
price and programme certainty before
to delivering a complete facility,
starting onsite and is therefore typically
the contractor must deliver that
best suited to larger, more complex
facility for a guaranteed price by
or time sensitive projects which may
a guaranteed date and it must
also require considerable flexibility to
perform to the specified level.
incorporate change during the design
and construction stages.
Construction Cost Guide book India-2021 | 6
 Quality

Pentagons of Constraints in Procurement Commonly used contract forms in India are:

Time Cost
• FIDIC suite of Contracts (EPC, Turnkey, Short Form)
Procurement strategy in general are driven by
• Indian Institute of Architects
these 5 constraints. These constraints differentiate
• Central Public Works Department
one project over the other.
• Municipal Bodies forms
Preject
Specific Funding

Construction Cost Guide book India-2021 | 7

Construction Cost Data
The construction cost for the respective categories are average costing
of Q4 2020. Understanding and comparing costs is key to enhance the
overall financial performance of organisations. This guide shall provide
guidance to make informed decisions about your next project as well
as your wider real estate portfolio.

Construction Cost Guide book India-2021 | 8

Construction Cost For Various Asset Classes (INR /SQFT)

Building Type Floors Bangalore Chennai Delhi Hyderabad Mumbai Pune

High Rise Luxury Apartments 30+ 4,500 4,410 4,950 4,275 5,625 4,905
Mid Rise Luxury Apartments 15+ 3,100 3,038 3,410 2,945 3,875 3,379
Average Standard apartments 12 2,500 2,450 2,750 2,375 3,125 2,725
Residential
Average Standard apartments, Low rise 5 1,900 1,862 2,090 1,805 2,375 2,071
Tall Buildings 60+ 7,800 7,644 8,580 7,410 9,750 8,502
Villas 2 3,800 3,724 4,180 3,610 4,750 4,142
- Medium Rise <12 2,600 2,548 2,860 2,470 3,250 2,834
Commercial
- High Rise 12+ 3,100 3,038 3,410 2,945 3,875 3,379
Shopping Centre (Medium Scale) 5-8 3,900 3,822 4,290 3,705 4,875 4,251
Retail
Regional Shopping Mall (High Scale) 5 - 12 4,100 4,018 4,510 3,895 5,125 4,469
Light Industrial 1 2,700 2,646 2,970 2,565 3,375 2,943
Heavy Industrial 1 4,300 4,214 4,730 4,085 5,375 4,687
Industrial
R&D Facilities 1 7,000 6,860 7,700 6,650 8,750 7,630
Sports & Leisure 5 8,100 7,938 8,910 7,695 10,125 8,829
3 Star Budget 5 to 8 4,500 4,392 4,950 4,437 5,220 4,887
3.5 Star 5 to 8 4,800 4,685 5,280 4,733 5,568 5,213

Hotel* 4 Star 5 to 8 5,200 5,075 5,720 5,127 6,032 5,647

4.5 Star 8 to 12 5,500 5,368 6,050 5,423 6,380 5,973
5 Star 8 to 12 7,000 6,832 7,700 6,902 8,120 7,602
5 Star / Resort Varies 8,500 8,296 9,350 8,381 9,860 9,231
Health** Hospital 5 4,100 3,800 4,510 3,895 5,125 4,510
Fit out-Basic NA 2,800 2,450 2,800 2,660 2,850 2,450
Fit out-Medium NA 4,050 3,600 4,050 3,848 4,100 3,600
Office Fit-Out*** Fit out-High NA 5,200 4,500 5,200 4,940 5,400 4,500
Occupier Campus NA 7,800 7600 8050 7800 8200 7840
Multi-Level Parking (Above Ground) > 3 Levels 1350 1210 1545 1290 1450 1170
Others
Basement Parking (Below Ground) 3 levels 1600 1400 1830 1520 1720 1390
*including FF&E **excluding FF&E and medical equipment ***Cost based on Carpet Area Construction Cost Guide book India-2021 | 9
Occupier Projects in detail
Occupier projects have evolved into a completely different domain and below figures represent the difference in price ranges which completely depends on
the client operation. The difference in prices are majorly due to selection of materials, automations, security, HVAC technology, IT Components, Import goods,
furniture and client specific preferences to match with their global standards. Increased preferences to employee wellbeing like break out area, collaboration
areas, more open spaces, team working zones etc shall also influence the project cost. Each client by themselves prefer to maintain uniformly across their
offices and shall also entitled to meet their established internal standards. These factors indeed will contribute to the final prices as well.

8100
Price range for various Offices Space (INR/SQFT)
5800 6300 5500
4200 4800 4100
3000 3500
2650 2650 3300 3000
2100 Professional Financial
BPO Services Media IT/ITES Technology Services Invest

Source: JLL internal cost benchmarking data. All prices are averaged from various pan India projects and updated as on December, 2020. Above rates are exclusive of GST.

Construction Cost Guide book India-2021 | 10

Cost of Key materials across various cities

Description Description UoM Bengaluru Chennai Delhi Hyderabad Mumbai Pune

Cement Grade 43 INR/MT 5,845 5,640 6,100 5,845 6,280 5,840

Reinforcement INR/MT 47070 46,600 47,140 47,020 47,300 47,140
Steel
Structural steel INR/MT 54,100 54,100 54,800 54,100 55,400 54,800
Aluminium INR/Kg 150 145 145 160 150 150
Metal
Stainless steel INR/Kg 190 190 180 200 195 190
Granite INR/sqft 90-250 115-250 120-250 90-250 150-250 115-250
Stone
Marble INR/sqft 180-500 150-500 220-500 175-500 220-500 180-500
Wood Plywood 12mm thick INR/sqft 65-70 60-65 65-80 65-70 65-80 60-70
6mm INR/sqft 68-73 65-71 68-75 68-73 68-80 68-75
Clear Glass
8mm INR/sqft 85-95 85-90 85-98 85-95 85-105 85-95
Paints Emulsion INR/20 ltr 3100-3300 3300-3500 2900-3100 3200-3400 3,100-3,300 3200-3400
GI pipes - 50mm to 100mm C class heavy INR/mtr 320 to 750 300 to 730 320 to 760 320 to 750 350 to 810 320 to 760
Plumbing
uPVC- 32- 110 mm INR/mtr 57 to 410 55 to 405 58 to 420 57 to 410 60 to 450 58 to 420
Source: JLL Internal database. All prices exclude GST.

Note: The above rates as per the revised minimum

777 707 639
wage order issued on 1st October, 2020. Labour
Skilled Semi-Skilled Unskilled
Labour Rates rates are average and differences are marginal across
in Metro Cities the metro cities.
All the labour rates are INR/Day
Source: Office of Chief Labour Commissioner, Ministry of labor and Employment.

Construction Cost Guide book India-2021 | 11

 COVID-19 Impact
The impact of COVID-19 on market benchmark rates has been neutral to significant, depending on the asset classes. Based on our analysis we have seen cost
impact of 5-6% on existing green field & interior fit-out projects. This is primarily driven by procurement challenges which may have led vendors to procure
from first available source at higher price, increased cost towards Health & safety (setting up of quarantine facility, sanitation, thermal scanners and like), skilled
labour availability. The major impact has been on services especially long lead imported items where there are limited local sourcing of materials.
The cost impact ranges from 2-3% for new projects that are undertaken in recent times. There are few challenges like idleness of plant and machinery along
with enormous market competition which are compelling contractors to discount their margin as they bid for new projects.
Increase (%)
Expected

6.00% 5.50% 4.00% 6.00% 6.00% 4.50%

USD/SQFT INR/SQFT

2,400 - 3,200 2,200 - 2,600 2,600 - 3,100 7,400 - 8,200 3,800 - 5,100 2,600 - 3,750
Basic Cost

32.00 - 43.00 29.00 - 35.00 35.00 - 41.00 99.00 - 110.00 51.00 - 68.00 35.00 - 50.00

Commercial (Greenfield) Residential (Greenfield) Industrial (Greenfield) Campus (Occupier) High End Fit-out (Occupier) Low End Fit-out (Occupier)

Note: The above given figures are for Saleable/leasable area and are exclusive of taxes. Construction Cost Guide book India-2021 | 12
Construction Price and COVID-19 Impact

108%
106%
106% 105% 105%
104%
104% 103%
102%
102%
100% 103%
102% 102% 102%
100%
2020 Q1 2020 Q2 2020 Q3 2020 Q4-F 2021 Q1 2021 Q2
Existing Projects INR/Sqft New Projects INR/Sqft
Note: The above given figures are for Saleable/leasable area and are exclusive of taxes.

Note:
• Material and transportation cost have spiked due to material demand, its non-
availability and transportation challenges; once the supply chain reinstates, the
prices shall return to normal.
• Additional costs are incurred to follow COVID-19 HSE protocols at work and
labour camps.
• Contractors are reducing the profit margin, plant and machinery cost due to
prolonged idleness and competition in the market.
• However, the overall delta would be 2-3% for new projects and 5-6% for existing
projects as material and transportation caters to 50-60% of the total cost.
• With right procurement strategy, the client could take the benefit of idleness and
market competition to avail few percentages in discount from the existing prices.
Construction Cost Guide book India-2021 | 13
Construction Cost Increase due to COVID-19 - Factors

Procurement: With complete slowdown in production and challenges in transportation

of materials, the material procurements have seen tremendous difficulties. Long lead
items especially MEP capital equipment, carpets, furniture, etc. faced complete halt due
to conveyance issues. The “Make in India” initiative stood tall amongst all and importance
of preferring the locally procured items reiterates as the lessons learned for many. Locally
available materials like RMCs, rebars, cements, joineries, glazing have also faced shortages
due to raw shortages which resulted in cost and time overruns.
Migrant Labours: Specialized works require skilled labours and their availability as per the
project requirement came to a halt. This is mainly due to labour force returning to their
native place due prolonged idleness of construction works.

Quarantine Facility: With safety being the prime concern and government issued
guidelines, mandatory quarantine became another cost driver for the ongoing projects.

Health & Safety at Site: Additional safety precautions like sanitization, social distancing not
only at site and site offices but also at labour camps leads to spiking the construction costs.

Vendor Availability: Although stationed at one location, many vendors have pan India
presence. With travel restrictions, non-availability of materials and labours, many works
were delayed/stopped at site leading to cost/time overrun.

Termination/Rescheduling of construction projects: With all the uncertainties around,

we’ve seen many ongoing projects delayed or eventually getting stopped due to sequential
challenges. Many projects which were about to start also made to pause or terminated even after
various brain storming sessions. With COVID-19 going to stay here for long, many developers
are even revisiting the design to incorporate the operational requirements due to COVID-19.
Construction Cost Guide book India-2021 | 14
Trend Analysis 6,000 20.00%
6,000 5,845 5,800
5,000 15.00%
5,063 5,120 17.19%
4,662 4,607 4,423 4,786 4,739 4,726
4,000 4,330 8.21% 5.79% 10.00%
Last 3 year Quarterly Cement, QUARTERLY 7.67%
8.34%
Reinforcement Steel and CEMENT 3,000 5.00%
INR/MT -0.77% 0.00%
Concrete Rates/MT 2,000
0.00%
-1.18% -0.27% -2.58%
1,000 -3.99% -5.00%
-6.40%
- 10.00%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2018 2019 2020

6,000 5,659 5,600 20.00%

5,121 5,121 4,825 5,093 4,739 4,946 5,012 5,143
5,000 4,760 4,998 15.00%
10.02%
4,000 4.99% 10.00%
QUARTERLY 1.90%
CONCRETE 3,000
0.00% 0.00% 0.86% 2.62% 5.00%
INR/MT 1.33%
2,000 0.00%
-1.04%
-1.34%
1,000 -3.70% -5.00%
-5.78%
- 10.00%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2018 2019 2020

50,000 42,480 46,050 47,160 20.00%

44,483 44,413 42,321 42,800 43,200 9.17%
41,604 41,142 39,800 38,300 10.19% 8.40% 15.00%
40,000
4.03% 10.00%
QUARTERLY 30,000
REINFORCEMENT -0.16%
5.00%
STEEL INR/MT 20,000 -1.69%
0.00% 0.00%
-1.11%
10,000 -7.01% -5.00%
-4.71% -3.77%
-
-6.19% 10.00%
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
2018 2019 2020
|
Quarterly Rates INR/MT 2018 2019 2020 Quarterly % Change/MT Source: LL internal cost benchmarkingConstruction Cost
data. All prices areGuide bookfrom
averaged India-2021 15 India
various pan
projects and updated as on December,2020. Above rates are exclusive of GST.
Market Intelligence
Construction Indices for Various Cities
JLL has made an exhaustive effort to benchmark quarterly cost variations across various Indian Cities. Bangalore cost in Q4 2019 being
the baseline at 100. These are based on the evaluation of awarded work orders in the given quarters.

111
109

108
108

107
107

107
106
105
105

105

105

104
104

104

104

104

104

103
103

103

103

103

103

102
102
100

99

98
98

Bengaluru Chennai Delhi Hyderabad Mumbai Pune

Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Source: JLL internal cost benchmarking data Construction Cost Guide book India-2021 | 16
Inflation in WPI & CPI % Average Historic Conversion Rate (USD to INR)

CPI remains steady in last three years. Most food prices eased while vegetable price rose marginally. 2020
2019
WPI inflation moves up. Price rise in cement, pharma, fuel and basic metals pushes up the inflation. 2018
2017
9.4 2016
2015
2014
5.9 6.6
5.2 4.9 4.5 4.7 4.8 -0.1

74.12
3 3.6 3.7
1.2 1.7 1.7

67.1765.1
70.39

64.
61

68.4

12
2013-14 2014-15 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21
(Provisional)

-3.7
WPI CPI Source: Office of the Economic Adviser, Department for Promotion of Industry and Internal Trade Source: XE Currency Charts.

Construction Cost Guide book India-2021 | 17

General Considerations for Costing Occupier Projects – Specifications explained.

High Specification
The Cost/sqft represent the average of the competitive tender prices as on Q4 2020.
Further assumptions include: Emphasises top-quality finishes and space improvements.
Increased efforts spent on aesthetics and detail design.

• The cost/sqft is based on construction floor areas measured to the outside face Medium Specification
of the external walls / external perimeter including lift shafts, stair wells, water Features upgraded lighting, cabling and design. Uses
tanks, plant rooms and like; average quality materials and details.
• Exclusive of Demolition of existing buildings, tenant fit-out, FF&E (furniture,
Basic Specification
fitting and equipment unless otherwise specified), Cost escalation,
professional fees, land, finance, Approvals etc where applicable. Designed to be low cost, with a simple aesthetic. Finishes
focus on function. Space contains basic technology.
• The warm shell cost for commercial, retail, hospitality inclusive of common
area finishes.
• The impact of COVID-19 is not accounted.
• All cost are deemed to include contractor overhead, margins, direct/indirect
expenses, labour insurances, site overheads etc.
• Exclusive of taxes, consultant fees, preopening cost, land acquisition, project
specific site conditions and site abnormal.
• The Construction costs serve only as a guide for preliminary cost appraisals
and budgets; all buildings are assumed without basements (unless otherwise
stated) & are built on ground with normal soil conditions.

Construction Cost Guide book India-2021 | 18

Glossary
Gross Domestic Product (GDP)
GDP is the total monetary or market value of all the finished goods
and services produced within a country’s borders in a specific
time period. As a broad measure of overall domestic production, it
functions as a comprehensive scorecard of the country’s economic
health. Though GDP is usually calculated on an annual basis, it can
be calculated on a quarterly basis as well.
Consumer Price Index (CPI)
CPI is a measure that examines the weighted average of prices of
a basket of consumer goods and services, such as transportation,
food, and medical care. It is calculated by taking price changes for
each item in the predetermined basket of goods and averaging them.
Changes in the CPI are used to assess price changes associated with
the cost of living; the CPI is one of the most frequently used statistics
for identifying periods of inflation or deflation.
Wholesale Price Index (WPI)
WPI measures the changes in the prices of goods sold and traded in
bulk by wholesale businesses to other businesses.
USD: United States Dollar BUA: Built-up area
Abbrevations INR: Indian National Rupee CA: Carpet area
GST: Goods and Services Tax Sqft: Square foot
Repo rates
Repo rate refers to the rate at which commercial banks borrow money by selling
their securities to the Central bank of our country i.e., Reserve Bank of India
(RBI) to maintain liquidity, in case of shortage of funds or due to some statutory
measures. It is one of the main tools of RBI to keep inflation under control.
INR to USD exchange rate
An exchange rate is the value of one nation’s currency versus the currency of
another nation or economic zone. For example, how many U.S. dollars does it
take to buy one rupee.
SENSEX
Sensex, otherwise known as the S&P BSE Sensex index, is the benchmark
index of the Bombay Stock Exchange (BSE) in India. Sensex comprises 30 of
the largest and most actively-traded stocks on the BSE, providing an accurate
gauge of India’s economy. The index’s composition is reviewed in June and
December each year. Initially compiled in 1986, the Sensex is the oldest stock
index in India. Analysts and investors use the Sensex to observe the overall
growth, development of particular industries, and booms and busts of the
Indian economy.
Cuft: Cubic feet MRICS: Member of the Royal Mtr: Linear metre
Institution of Chartered Surveyors
Sqmm: Square millimetre MT: Metric tonne
MEP: Mechanical, Electrical and
Ltr: Litre
Plumbing.
Construction Cost Guide book India-2021 | 19
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About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a
better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients,
our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion, operations in over 80 countries and a global workforce
of operations in over 80 countries and a global workforce of more than 91,000 as of December 31, 2020. JLL is the brand name, and a registered trademark, of
Jones Lang LaSalle Incorporated. For further information, visit jll.com

About JLL India

JLL is India’s premier and largest professional services firm specialising in real estate. With an unaudited revenue in excess of 4,900 crores for FY 2019-20, the
Firm is growing 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 & III markets with a cumulative strength of close to
12,000 professionals.

The Firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services. This includes 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

About JLL PDS

JLL Project and Development Services is a leader in the development, design, construction and branding of commercial real estate projects for the world’s
most prominent corporations, educational institutions, public jurisdictions, healthcare organizations, industrial facilities, retailers, hotels, sports facilities
and real estate owners. Our scope of services includes Project Management, Cost Management, Development Advisory/Development Management, Project
Advisory, Project Monitoring, Relocation Assistance & Construction Management (Design & Build Services). JLL India’s project management team comprises
1,300 project managers across 300+ sites and is actively managing/managed and delivering an area of 267 million sq ft. PDS Industrial is a service line catering
to large Manufacturing & Warehousing facilities with an objective to breathe life and create a facility that works for your culture, people and community.
 JLL Cost Management India
Cost Management at JLL is a blend of technical expertise, collaborative working and commercial understanding.
We deliver more than just a project. We build business outcomes - the long term goals in every new building, fit-out or design. From consulting
and capital management through design and construction, we bring life cycle perspective to every project.
Transforming the spaces where people live, work and play to ensure you realise your broader ambitions and business goals.
This is how we achieve ambitions

Feasibility Design Development Procurement Construction Post-Contract

Our Cost Management experts are experienced

across a wide array of sectors, covering:

Tender 110+
Cost Managers
Management
Offices Public Sector Retail
Value Engineering/ Procurement Strategy
Alternate Solutions & contract Advisory

1200+
Benchmarking Project Managers
Hotels Industrial and logistics Health

Post Contract Final Account

Cost Controls Closure

Cost Planning
17 offices Education Residential
In 11 Cities
For business enquiries, please contact:

Aditya Desai Ashok VS, MRICS

Executive Director & Head Senior Director & Head
PDS Sales & Investor Services Cost Management
PDS India PDS India
+91 98203 12057 +91 99720 32962
Aditya.Desai@ap.jll.com Ashok.vs@ap.jll.com

Author Media enquiries Design

Ajas S, MRICS Sikhya Babu Arundhati Bakshi Dighe Sunita Rajeev

Assistant Manager Manager Lead - PR and Director - Design
Cost Management Cost Management Communication Marketing
PDS India PDS India Arundhati.Dighe@ap.jll.com Sunita.Rajeev@ap.jll.com
+9 181429 98166 +91 75670 86383
Ajas.Sunil@ap.jll.com Sikhya.Babu@ap.jll.com

Jones Lang LaSalle Property Consultants (India) Pvt Ltd © 2021. All rights reserved.
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