JLL India launches real estate technology investment vertical
Property consultancy JLL India announced the launch of a new independent real estate technology investment vertical.
“With 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 – on a broader level – the Internet of things,” Anuj Puri, Chairman & Country Head, JLL India said.
This will be an independent investment entity which will focus on enhancing the value of its equity holdings in the target firms.
“Typically, 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,” said Anuj Nangpal, Head – JLL India Real Estate Technology Ventures.