New Delhi, Oct 24:
\nWith an aim to invest in start-ups, growth-stage companies developing technology solutions for the real estate sector, property consultancy JLL India on Monday announced the launch of a new independent real estate technology investment vertical.
\n\u201cWith this investment vertical, JLL has its eyes trained on Geographic Information Systems, Visualisation and Augmented Reality, Artificial Intelligence, sustainable energy, water efficiency, smart commercial buildings, Smart City tech applications, property Management technologies, data analytics, home automation and \u2013 on a broader level – the Internet of things,\u201d Anuj Puri, Chairman & Country Head, JLL India said.
\nThis will be an independent investment entity which will focus on enhancing the value of its equity holdings in the target firms. JLL will also explore the potential of working with private equity funds and financial institutions to make even larger investments, if needed, the statement added.
\n\u201cTypically, an early-stage company needs anything between $100,000 and $2 million to go from proof-of-concept to growth in a period of around 12-18 months,\u201d said Anuj Nangpal, Head \u2013 JLL India Real Estate Technology Ventures. \u201cJLL\u2019s proprietary capital, along with its strategic partners, will finance this cycle. In the first 12-18 months, we plan to invest in approximately 10-15 such early- stage companies.\u201d
\nThe investment entity has announced its first investment into Foyr.com, a technology platform for visualising real estate spaces. The investment vertical expects to announce three further investments before the end of 2016.
\n(This article was published on October 24, 2016)<\/p>\n
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\nSource: Hindu<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi, Oct 24: With an aim to invest in start-ups, growth-stage companies developing technology solutions for the real estate sector, property consultancy JLL India on Monday announced the launch of a new independent real estate technology investment vertical. \u201cWith this investment vertical, JLL has its eyes trained on Geographic Information Systems, Visualisation and Augmented […]<\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"acf":[],"_links":{"self":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/7293"}],"collection":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/comments?post=7293"}],"version-history":[{"count":4,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/7293\/revisions"}],"predecessor-version":[{"id":77036,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/posts\/7293\/revisions\/77036"}],"wp:attachment":[{"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/media?parent=7293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.squareyards.com\/blog\/wp-json\/wp\/v2\/categories?post=7293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}