JLL’s PE firm contemplates Rs 100-cr investment in residential projects
After having raised its first fund of Rs 200 crore last year, the Segregated Funds Group (SFG) – the private-equity firm promoted by real estate consulting company JLL India – is apparently contemplating a Rs 100-crore investment, in residential projects, from the fund this year.
SFG is chiefly focused on investments in small realty projects. Along with mulling a Rs 100-crore investment from its first fund, the company also has plans underway to raise a second fund of Rs 400 crore beginning from 2015.
According to the details shared by SFG CEO Mridul Upreti about the company’s current focus, SFG is presently making investments in real estate projects with a ticket size of Rs 30 crore in several markets, including Delhi, Chennai, Pune, and Bangalore.
About SFG’s investments in the residential arena, Upreti said: “The real estate sector is seeing a growth with the demand picking up and there is opportunity for growth in these cities.”
Meanwhile, with an apparent vision of managing a series of realty funds involving divergent investment themes, SFG aims to offer private equity-style returns to investors. In addition, the company will also likely explore potential opportunities resulting from Real Estate Investment Trust (REIT), and will foray into the office space business for investments in future.
Source – Business Standard
investment hotspot, Investment returns, Jones Lang LaSalle India (JLL), property investment, real estate infrastructure, real estate investment trust, real investment, Real-estate market, Residential projects in India, Segregated Funds Group
