Monday 15 January 2018, Mumbai: JLL today announced the appointment of Juggy Marwaha as Executive Managing Director for its India business, with effect from 22 Jan 2018. This is Juggy’s second stint with JLL, after a short entrepreneurial hiatus, when he was with global co-working behemoth WeWork as its India Lead.
Juggy’s return to the fold is in line with JLL’s ‘Beyond’ strategy to achieve the next phase of its growth in the country, wherein key senior talent is being inducted to complement its already strong leadership.
JLL had earlier announced appointments of industry veterans from GE and Johnson & Johnson in senior roles. Juggy will continue to be based out of Bangalore, where he has demonstrated significant success over the years.
“This appointment is core to our strategy of providing JLL’s India business with the strongest leadership possible. We have had a terrific year and achieved our financial & strategic plans for 2017. In our renewed phase of growth from 2018-2022, the focus is not only on sustaining our leading market share, profitability, and business leadership, but also widening the gap from competition”, said Ramesh Nair, CEO & Country Head, JLL India.
“I am delighted to welcome Juggy back to the Firm and his second coming provides us with a remarkable advantage in the India realty space – primarily due to his exemplary credentials, client-centric approach and focus on building profitable businesses. Our already strong market presence will be further advanced through his evidenced business development strategies, innovative mindset as well as expertise in building and nurturing strong teams. Juggy is also highly regarded for his dynamism, energy, and agility, all of which are the plinths of our evolving culture in the next phase of the Firm. I look forward to working closely with him, in creating an unmatched institutional conglomerate in the India realty space,” added Ramesh Nair.
In a career spanning over two decades, Juggy has nurtured deep relationships with large Corporate Occupiers, Owners, and Investors. Combined with his evidenced expertise in business development, Juggy will contribute significantly to the advancement and growth of some of JLL’s established businesses and emerging verticals across the country. He will also take on his earlier position within the ranks of the India Leadership Council (ILC).
“JLL is just like home and it feels great to be back. It is the clearly the Firm of choice amongst its peers and regarded extremely highly as a professional, transparent & ethical organisation by both industry and clients, alike. I am inspired to be a part of this winning team under JLL’s new leadership and look forward to my new role. It’s an exciting time to be in India Realty, with the multiplicity of opportunities being seen. I am clearly looking forward to working with some of the most talented professionals in order to produce outstanding results and outcomes to meet our clients’ ambitions,” commented Juggy Marwaha, Executive Managing Director, JLL India (appointed).
In his last assignment spearheading WeWork, Juggy was key to it becoming India’s premier co-working destination – setting up approx. 1.4 million sq ft of office space in less than 1 year. Prior to which he was with JLL India as Managing Director – South India, a position he held till December 2016.
During this time, he focused on business augmentation in key southern markets of India, as well as instrumental in effecting some marquee and innovative transactions such as the ones with the Flipkart campus, Siemens Prestige land deal, JW Marriott and many more.
Prior to joining JLL in 2013, he was associated with RMZ and CBRE. During his career of over 18 years in India realty, he has worked closely with leading global and large Indian corporate clients on their India real estate strategies.
The Indian real estate sector is at an inflection point, ushered by a volatile economy but at the same time seeing renewed interest from global investors into the capital markets of India. This will open up significant opportunities for the real estate sector and for International property consultants operating in India to make a quantum leap into the future.
India’s strong policies such as ‘Make in India’, ‘Start-Up India’ as well as policy roll-outs for RERA, REITs, Infrastructure & Logistics, and more are expected to give a boost to the sector. Further, opening up of FDI norms and relaxation in investment criteria will surely attract global and domestic investments into the sector.
JLL is India’s premier and largest professional services firm specializing in real estate. With an extensive geographic footprint across 11 cities (Ahmedabad, Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad, Kolkata, Kochi, Chandigarh and Coimbatore) and a staff strength of 9,500 the firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services including research, analytics, consultancy, transactions, project and development services, integrated facility management, property and asset management, sustainability, industrial, capital markets, residential facing services, hotels, health care, senior living, education and retail advisory. The firm was awarded the Property Consultant of the Decade at the 10th CNBC-Awaaz Real Estate Awards 2015, Euromoney Rankings 2017, ET Great Place to Work ranking 2017 and the Best Property Consultancy in India at the International Property Awards Asia Pacific 2016-17.