JLL India launches residential brokerage business to tap into India’s growing housing sector
JLL has announced the launch of its residential brokerage business that will offer a bouquet of technology-enabled advisory and transaction services to home buyers and developers. Significantly boosting and complementing the firm’s extensive real estate capabilities, this bespoke business will be led by industry veteran Siva Krishnan who brings over two decades of experience, and has successfully advised and managed a variety of residential real estate investments in India. With the estimated revenue for FY 2018-19 expected to be around Rs 4,000 crore, JLL has been growing exponentially in India for the past 20 years.
As part of its range of offerings, JLL will now offer transaction services for new and resale residences in the mid- to luxury-range, and will also undertake exclusive project marketing mandates.
“At JLL, there has always been a conscious effort to set new paradigms and stay ahead of the curve. We want to be a very agile, dynamic and forward-thinking firm. The support of a stellar research team armed with superlative market intelligence and over 10 years of residential data analytics forms the backbone of successful strategy execution for JLL. With the launch of our Residential Brokerage arm, we aim to drive value and insight-driven decision-making for clients. We have observed commercial real estate to be the harbinger of residential development in most cities and this phenomenon is also a perfect analogy for JLL India’s growth story. Our comprehensive and diverse experience across various asset classes and markets coupled with continued confidence shown by the developer and investor community in our capabilities has been instrumental in the launch of our residential brokerage business in 2019,” said Ramesh Nair, CEO and country head, JLL India.