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Jones Lang LaSalle to launch new real estate fund soon

The Rconomic Times
Jones Lang LaSalle to launch new real estate fund soon - Jones Lang LaSalle - real estate agent - India

BANGALORE/MUMBAI: Property consultancy firm Jones Lang La-Salle (JLL) India has set up a new entity JLL Segregated Funds Group to raise funds to invest in the Indian real estate market, and its first fund worth . 300 crore will be launched soon in the domestic market.

Capital market regulator Securities & Exchange Board of India ( Sebi) has approved the proposed fund, which will be a close-ended one with a six-year tenure.

"It is the first one among a series of funds that we are planning to launch in the next few months. The proposed fund will focus on city-centric residential projects with shorter cycles and high-equity returns," said Mridul Upreti, CEO, JLL Segregated Fund Group.

Though the fund will be looking at investments based on opportunities, the focus will be on residential projects in tier-I cities. It will be aiming to fetch internal rate of return of 20-25%, and the average investmentsize is likely to be around . 25-30 crore.


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