 "Anuj Puri, JLL")
US- based real estate brokerage JLL on Tuesday said it is selling its residential brokerage to its former CEO Anuj Puri who is setting up a technology-led brokerage firm.
The deal value is not known.
Puri will lead a team of 200 residential brokers across eight Indian cities.
"With the Rera coming in, there is a lot of responsibility on the property brokers like fine of 10 percent of the cost of the project or a year in jail in case of misrepresentation to the buyers. Property brokers will become what financial brokers became after the Sebi was set up,"
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