Global property consultant JLL Wednesday said it has reentered housing brokerage business in India, almost two years after it sold this business, to tap huge potential in the residential segment.
In April 2017, JLL had announced the sale of India residential brokerage arm to its former country head Anuj Puri for an undisclosed amount.
Puri, who quit JLL India in February 2017 after serving 10 years in the company, bought 'Jones Lang LaSalle Residential Pvt Ltd (JLLR)' and later renamed the company as 'ANAROCK'.
Post implementation of realty law RERA, housing brokerage business is becoming organised. PropTiger, ANAROCK, Quikr, Square Yards, 360 Realtors, Investors Clinic and Wealth Clinic are among organised players in the housing brokerage business.
JLL India said in a statement that it has launched its "residential brokerage business that will offer a bouquet of technology-enabled advisory and transaction services to home buyers and developers."
Disclaimer: No Business Standard Journalist was involved in creation of this content