JLL to launch Rs 300 cr realty fund
Jones Lang La-Salle (JLL) India, the property consultancy firm, is to launch a new real estate fund worth Rs 300 crore in the domestic market.
The fund is been approved by capital market regulator Securities & Exchange Board of India (Sebi).
The project focuses on residential projects in tier-I cities. The group is aiming to fetch internal rate of return of 20-25%, and the average investment size is likely to be around 25-30 crore.
JLL offers services like leasing, buying office space or investing in the Indian real estate space and it is in the process of appointing distributors and other intermediaries for the fund-raising exercise.
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