JLL India, which is a renowned property consultancy firm of global repute, through its subsidiary JLL Segregated Funds Group, has decided to generate Rs. 300-cr through its Residential Opportunities Fund II to invest in housing projects across top seven property markets in the country.
The fund will focus on buying nearly ready apartments in bulk at a discount from developers and may lease them before selling in the open market, said official sources adding that the latest is the second fund of JLL India’s investment arm and it has raised Rs. 150-cr so far including first closure at Rs. 120cr. The fund has already started negotiating deals in Bengaluru, Pune, Delhi, and in the National Capital Region focusing on the middle income housing projects.