iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

JLL facilitates joint venture between Genpact and Hyderabad-based developer Ramky Estates

14 Feb 2022 , 05:13 PM

JLL, the country’s largest real estate consultancy firm announced the inception of a Joint Venture (JV) between Genpact and Ramky Estates & Farms Limited (REFL), a Hyderabad-based real estate developer, to develop 14.37 acres of land situated at Uppal, Hyderabad.

The land parcel owned by IT major Genpact is situated next to their campus in Uppal. The company was looking at expanding its operations and IT footprint to cater to its growing business needs.

JLL was able to successfully get Hyderabad-based developer REFL to develop Grade A offices for Genpact. Ramky Estates will build 20 lakh sq feet of Grade A IT/ ITES office space and 9 lakh sq feet of residential space at the location over five years.

Vidya Srinivasan, global Infrastructure and Logistics leader, Genpact said, “At Genpact, our strategic infrastructure and campus investments over the years have positioned us well to attract a diverse, skilled workforce. With the help of the GRID policy (Growth in Dispersion) and increase in connectivity through the Metro and the upcoming SRDP (Strategic Road Development Planning), and other initiatives taken by the Government, there will be a spurt in diversified growth across the IT sector,” she added.

“With the ease of business in Telangana boosted by the infrastructure and supply of Grade A office space, Hyderabad has become the most sought out destination for IT/ITES companies.  Global companies like Genpact are increasing their footprint in Uppal and with the initiatives taken by the Government, we intend to see a rise in the demand for office space in East Hyderabad,” says Sandip Patnaik, Managing Director, Telangana and Andhra Pradesh, India, JLL

“We are proud to be part of this prestigious project and support the initiative of the state government to develop the Eastern corridor of Hyderabad,” said Nanda Kishore, Managing Director, Ramky Estates.

Indian office sector ended the year 2021 with net absorption for Q4, 2021 (October-December 2021) at 11.56 million sq. ft, the highest in the last eight quarters, and up by 86% Q-o-Q. In Q4 2021, the markets of Bengaluru, Hyderabad, and Delhi contributed 61% of the total absorption.

Hyderabad has also been leading the investment scenario with core and development stage transactions by leading global funds. The city has been preferred with marquee office space developers attracting quality tenants at the pre-commitment stage.

Related Tags

  • Genpact
  • JLL
  • Joint Venture
  • Ramky
  • Real estate
  • space developers
sidebar mobile


Read More

Most Read News

Indian Indices Continue Winning Streak
13 Jun 2024|03:46 PM
L&T Finance stock price near 52-week high
13 Jun 2024|03:00 PM
Indian markets trade in green
13 Jun 2024|03:29 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.