JLL Segregated Funds group announces 2nd investment through residential opportunities fund

NEW DELHI: JLL Segregated Funds Group‘s Residential Opportunities Fund –I has invested Rs 20 crore ($3.5 million) in a residential project in Chennai developed by Plaza Group.

The fund is registered with markets regulator SEBI as Alternative Investment Fund (AIF) category II.

“We see value in mid-income housing projects in prominent micro markets within Chennai, and Plaza group has created a niche in this space,” said Mridul Upreti, CEO, Segregated Funds Group.

The project is located in Kovilambakkam near OMR, on Pallavaram-Thoraipakkam 200 feet road, in Chennai.

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