BENGALURU | MUMBAI: Property consultancy JLL India has launched an independent vertical to make strategic investments in startups that are developing disruptive technology solutions for the real estate sector. "The purpose of this vertical is to invest in early-stage companies, or startups, which can potentially disrupt the real estate business with brand-new thinking, backed by sound, workable technology,” said Anuj Puri , chairman of JLL India.The newly-formed real estate technology investment entity recently concluded its maiden investment — in Foyr.com, a technology platform for visualising real estate spaces. In the first 12-18 months, we plan to invest in 10-15 such early- stage companies. Given the firm's very strong balance sheet, there is limitless scope for such investments," said Anuj Nangpal, who will head the new business. The deal pipeline is good as it’s a very robust industry and technology adaption at global level in real estate is moving at a faster pace,” Nangpal said.

Source: Economic Times October 23, 2016 19:35 UTC