Ex-JLL India chairman & country-head buys residential brokerage business

PUNE: JLL is selling its India residential brokerage arm to its former India head Anuj Puri.
Puri, who left the firm on February 28, has worked closely with the JLL India and Asia Pacific leadership teams to complete the acquisition of Jones Lang LaSalle Residential Private Ltd (JLLR) and will lead a team of 200 residential brokers across eight Indian cities.
“With his impeccable track record in Indian real estate and his passion for the residential sector, Anuj is the best person to continue to build this business and we wish him every success in his future endeavours,” said Ramesh Nair, CEO and country head of JLL India.
“This has been a smooth and well-planned process as Anuj transitions to his new ventures. For JLL, it is a strategic move that will allow us to focus on new growth areas for our India business and continue to offer best-in-class real estate advice and services to our clients.”
JLL is India’s largest real estate consulting firm with an extensive geographic footprint across 11 Indian cities and over 9,000 employees. It provides investors, developers, domestic and multinational corporates with a comprehensive range of services including investment advisory, research and analytics, consultancy, transactions, project and development services, integrated facility management, property and asset management and sustainability services.
While the residential brokerage arm will be under new ownership, JLL will continue to provide consulting, advisory, valuation, research, property management, project and development services and capital markets services for residential developers.
Ashwinder Raj Singh will continue in his role as CEO of JLLR, reporting to Puri.