Jones Lang LaSalle plans to invest $5 bn in Property market

December 12, 2007	(1 votes, average: 5 out of 5)  Loading ...
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The world’s leading integrated global real estate services and money management firm, Jones Lang LaSalle is planning to strengthen its position in India. Seeing the lucrative opportunities in the mushrooming Indian Real Estate market, the firm is thinking of investing $5 billion in the Real Estate sector. Recently, Jones Lang LaSalle merged with Trammel Crow Meghraj, a property consultant based in Mumbai.

Colin Dyer, president and chief executive officer, Jones Lang LaSalle said that they don’t have any presence in India’s investment management service sector and they have lined up plans to bring in the business to the country. He also added that the firm has allocated close to $20 billion for the Asia-Pacific region, and India would get anywhere close to 5% of the amount.

The fund would be deployed in the high growth sectors like real estate, hospitality and infrastructure sectors for investment. For the first time in its 220 years of history, JLL recently hosted in India its global board of directors and global executive committee.

“We are excited by the opportunities that lie ahead for our business, employees and clients in India,” said Mr Dyer. The Indian real estate market is burgeoning and becoming a significant contributor to India’s economic growth. The country is on the radar of many corporations looking at investing or expanding their businesses in Asia and the economic and business outlook is positive.

According to industry experts the merger of Jones Lang LaSalle and Trammel Crow Meghraj in June 2007 to form Jones Lang LaSalle Meghraj has helped the firm to strengthen its presence in the real estate services industry in this booming economy.

News Published Under:   Real Estate India |

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