Jones Lang LaSalle to invest in Bangalore

Q: I heard that Jones Lang LaSalle is investing in Bangalore. How much they are investing?

Navin Verma, Bangalore

22nd March 2013

Real estate News in Bangalore

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real estate market

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Currently, there is a desire for luxury housing projects, depending on the right valuation. Because of large scope of jobs in Bangalore, there was a rise in commercial real estate which impacted the residential real estate market too. In the second quarter of 2012, LaSalle Investment Management, manages $46.7 billion of public and private equity investments, which only invests in real estate.

Rakesh, Bangalore

26th March 2013

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Segregated Funds Group is a new investment firm created by Jones Lang LaSalle, the real estate consultancy firm to invest in property market in India, which has been hit by by the ongoing global financial crisis and the country’s slowing economic growth.Bangalore’s eco system is known to be one of the best option for private equity in India. In 2012, there were around Rs 10, 800 crores worth luxury housing projects launched across the country at a time when the housing segment had seen a general drop.

Milind, Bangalore

26th March 2013

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Jones Lang LaSalle has identified four sites in Bangalore and is into final discussion with two developers to develop the project. The consultant is planning to merge all four land parcels into a single land to develop the luxury project. The first investment will be made from Segregated Fund Group’s first six-year, close-ended fund, which includes an amount of Rs 300 crore. It has also received approvals from market regulator Securities and Exchange Board of India (SEBI) last year.

Bijoy Singh, Bangalore

26th March 2013

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How many sites or properties they have are planning to buy or have finalized?

Navin Verma, Bangalore

25th March 2013

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Jones Lang LaSalle, a global property consultant is planning to make an entry in the Bangalore real estate market. According to an expert, Jones Lang LaSalle’s Segregated Funds Group, will invest about Rs 30 crore in city-centric luxury residential projects in Bangalore.

Madhav Deb, Bangalore

25th March 2013

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