JLL investment arm in India |
Jones lang LaSalle Investment Management, among the world`s top five real estate investors and a unit of Jones Lang LaSalle (JLL), is entering India at a time when large global fund managers are warming up to country`s rent yielding commercial assets. LaSalle, managing assets worth $55 billion globally, is likely to start standalone operations here even as global investor action in real estate, especially in commercial assets, is topping peak levels seen in 2007. It estimates that $750 billion of global capital will be invested this year and about $4-5 billion is expected to flow into India. Foreign capital always wanted to come here but was held back due to lack of quality assets and other local challenges. It`s changing now though,say JLL
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