The Residential Opportunities Fund-1 (ROF-1) by Jones Lang LaSalle’s Segregated Group has raised fund of Rs 101 crore in its first closing. The JLL had decided to raise the total fund of Rs 300 crore as the target fund amount.The segregated funds group was launched by JLL in the year 2012 and it represents the investment management business in India. The Group deals with the high net worth institutions and investors offering long term returns with great investment opportunities.JJL is the global real estate property consultancy firm which offers investors and developers services such as leasing and buying office spaces or investing in the Indian market. JLL has recently concluded the largest Mergers and Acquisitions (M&A) Hinjewadi, Pune.The Group will invest in the residential sector of India and most of the development will be seen in the cities like Bangalore, Delhi NCR, Mumbai, Pune, Hyderabad, Kolkata, and Chennai.Mridul Upreti, CEO of segregated funds group said that the current situation gives various opportunities with low risk returns for the investors. The fund intends to reflect the investments from the investors directly to the residential real estate.
The group has raised a number of funds for the Indian real estate market and the ROF-1 Fund was registered with SEBI according to the new Alternative Investment Funds regulations. LaSalle Investment Management globally manages about $46.7 billion worth private and public property equity investments and intended only for real estate.