JLL raises Rs 100 crore for maiden fund

The objective of the fund is to invest in the residential sector in prominent location across seven cities in India

BS Reporter Chennai/ Bangalore
Last Updated : Jun 19 2013 | 8:41 PM IST
Real estate consultancy firm, Jones Lang LaSalle's (JLL), Segregated Funds Group on Tuesday announced the first closing of its maiden real estate fund in India. The fund, Residential Opportunities Fund - I (ROF - I), raised Rs 101 crore of capital commitments in its first closing, in line with the Rs 300 crore total fund raising target.

The Segregated Funds Group is a new entity set up by JLL to raise a series of funds with dedicated investment themes for the Indian real estate market.

The objective of the fund is to invest in the residential sector in prominent location across seven cities in India.

Scheme ROF - I was amongst the first real estate funds to be registered with the market regulator under the new Alternate Investment Funds (AIF) regulations. The objective of the fund is to invest in the residential sector in prominent location across seven cities in India -- Delhi NCR, Mumbai Metropolitan Region (MMR), Bangalore, Chennai, Kolkata, Hyderabad and Pune.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 19 2013 | 8:41 PM IST

Next Story