Bengaluru: The Indian unit of international property consultant Jones Lang LaSalle (JLL) has set up a new real estate technology investment division to invest in growth-stage companies that develop technology solutions in the real estate sector. The newly formed investment entity, which is funded by JLL’s (global) proprietary capital, has made its first investment, an undisclosed amount in Foyr.com, a Hyderabad-based firm offering technology and products for real estate and interior design firms. The initiative is being spearheaded by Anuj Nangpal, who will head JLL India Real Estate Technology Ventures. JLL’s proprietary capital, along with its strategic partners, will finance this cycle. In the first 12-18 months, JLL India will invest in around 10-15 such early- stage companies.

Source: Mint October 23, 2016 19:21 UTC