JLL Tops MSCI Real Capital Analytics Rankings for India Real Estate Advisory in 2025
JLL, recognized as the largest international property consulting firm in India, has achieved the number one position for real estate capital markets transactions in the country, according to the prestigious MSCI Real Capital Analytics (RCA) rankings for 2025. This accolade highlights JLL's dominant role in one of Asia Pacific's most vibrant and rapidly evolving markets.
Benchmark of Excellence in Global Real Estate
The New York-based MSCI Real Capital Analytics (RCA) rankings are a globally respected benchmark that identifies the top commercial real estate investment brokers and advisors. These rankings are determined by analyzing transaction volumes across various sectors, including office spaces, retail outlets, industrial properties, data centers, and land deals. The annual assessment is widely regarded as a key indicator of excellence and leadership within the real estate industry.
In 2025, JLL advised on transactions totaling an impressive USD 4.3 billion in value, which represents the total deal amount on which the firm provided advisory services. This substantial figure allowed JLL to capture nearly 48% market share in India's real estate investment landscape. This achievement not only underscores JLL's strengthening position in a dynamic market but also reinforces its sustained global leadership in the sector.
Leadership Driven by Expertise and Client Trust
Lata Pillai, Senior Managing Director and Head of Capital Markets, India at JLL, commented on this milestone, stating, "Achieving the number one position in India’s real estate capital markets for 2025 reflects exceptional market expertise and the unwavering trust clients place in the team to execute high-stakes, complex transactions." She emphasized that this leadership is built on an integrated platform, extensive relationships with capital providers, and world-class talent cultivated across India.
Pillai further noted, "Particularly noteworthy is the dominance in core asset sales this year, where the team has established itself as the definitive market leader. This achievement demonstrates not only technical excellence but a deep understanding of what creates value in India’s dynamic real estate landscape, and the ability to execute flawlessly for clients."
Resilience and Evolution in India's Investment Market
Nishant Kabra, Managing Director of Investment Sales & Debt Advisory, India at JLL, highlighted the resilience of India's real estate investment market. "Despite the overall environment globally, India’s real estate investment market has shown tremendous resilience with both global and domestic institutional capital actively pursuing high-quality assets and scalable development platforms," he said.
Kabra added, "Investors are increasingly deploying hybrid capital strategies combining equity, structured debt, and strategic joint ventures, to capture opportunities across the entire value chain." This trend indicates a sophisticated approach to investment in the region, driven by confidence in India's long-term growth prospects.
Integrated Platform and Landmark Transactions
JLL's integrated advisory platform, which spans land and development services, investment sales, and equity and debt advisory, enables the firm to design and execute sophisticated transactions. This platform unites global capital, domestic investors, Real Estate Investment Trusts (REITs), and leading developers, facilitating transformative deals that shape the market.
In 2025, JLL advised on numerous landmark transactions across India, including:
- Brookfield REIT – Ecoworld acquisition: Valued at INR 13,125 crore, this was India’s largest single-asset office sale transaction and the country's biggest office-REIT acquisition, involving a 7.7 million sq. ft. Grade A office campus.
- Blackstone – LOGOS India Group: A USD 200 million industrial portfolio sale, representing India’s largest warehousing transaction in recent years.
- Hines – Mitsubishi Estate Co. – Kanakia Group joint venture: With a Gross Development Value (GDV) of INR 8000 crore, this deal brought together international players for a premium 1.5 million sq. ft office development, attracting significant Japanese institutional capital.
- Kotak Alternate Asset Managers – Prime Offices Fund: A landmark divestment transaction worth INR 750 crore, one of Delhi’s largest single-asset commercial deals in a decade.
- Mindspace REIT – Qcity acquisition: Valued at INR 500 crore, this marked the first third-party acquisition since the REIT’s listing and a pivotal entry into Hyderabad’s Financial District.
- Cognizant Technology Solutions India – Bagmane Constructions deal: With a GDV of INR 3200 crore, this high-value asset transaction was executed at an unprecedented speed, maximizing client value.
Future Outlook and Strategic Positioning
The foundation established in 2024-2025 positions India to emerge as one of the world’s most attractive institutional real estate investment markets over the next investment cycle. The institutional investment outlook in the Indian real estate sector has displayed encouraging trends in recent years and is anticipated to maintain its momentum in the near future.
As India continues to solidify its status as one of Asia Pacific’s most compelling investment destinations, JLL’s integrated advisory platform, deep market expertise, and proven track record of delivering landmark transactions position the firm to continue shaping the future of real estate investment across the country. This achievement underscores not only JLL's dominant market position but also the firm’s unwavering commitment to driving value creation and setting new benchmarks for excellence in India’s commercial real estate sector.
JLL, a Fortune 500® company with annual revenue of $26.1 billion and operations in over 80 countries, remains a trusted partner for clients worldwide, helping them navigate the complexities of real estate investment and management across various industries and property types.
