DELHI NCR, 18 June 2013 – Jones Lang LaSalle’s Segregated Funds Group today announced the first closing of its maiden real estate fund in India; Residential Opportunities Fund – I (ROF – I). The fund raised INR 101 Cr of capital commitments in its first closing, in line with the INR 300 Cr total fund raising target.
The Segregated Funds Group is a new entity setup by the global consultancy firm to raise a series of funds with dedicated investment themes for the Indian Real Estate Market. Scheme ROF –I was amongst the first real estate funds to be registered with SEBI under the new Alternate Investment Funds (AIF) regulations. The objective of the fund is to invest in the residential sector in prominent location across seven cities in India, namely Delhi NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Chennai, Kolkata, Hyderabad and Pune.