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economic survey, real estate news, et realestate


new delhi: the economic survey 2016-17 on tuesday noted that the weighted average price of real estate in eight major cities, which was already on a decline, fell further after november 8, 2016 with the announcement of demoneti ion exercise.prime minister narendra modi in november banned higher denomination currency notes of rs 1,000 and rs 500 to curb black money.according to the survey, real estate prices could fall further, as investing undeclared income in real estate gets more difficult. however, tax component could rise, especially if gst imposed on real estate.it goes on to add that an equilibrium reduction in real estate prices is desirable, as it will lead to affordable housing for the middle cl and facilitate labour mobility across india, currently impeded by high and unaffordabl






investment fund buys northwest houston apartment complex


a new real estate investment fund started by two longtime real estate professionals has purchased its first property.the clearlake urban transitions multifamily fund i has purchased the 67-unit delta one apartments, 4102 mangum road, in northwest houston. the complex "is in the gentrifying greater oak forest neighborhood," according to a news release.the fund is sponsored by clearlake mana ent llc, which is headed by chetan davé, formerly of jp morgan partners and transwestern, and martin lamb, who has worked with northstar capital, morgan stanley real estate funds and aig global real estate.related: gentrification's song: goodbye to a homethe fund's strategy is to acquire apartment properties in neighborhoods "undergoing positive transition," improve those properties and raise their value






changes to long term capital gain provisions positive for real estate sector, re


finance minister had made few changes with regard to long term capital gains (ltcg) and the most affected ones are real estate and also stock market.the changes are positive for real estate. the holding period for land and building is reduced from 3 years to 2 years. this means the tax liability will come down from marginal rates to 20% (with indexation) for anyone who is selling land or building between 2 years and 3 years of holding.the impact on stock market is not that positive, because the government has imposed an additional condition for claiming tax free capital gains from listed shares. this benefit will be denied if securities transaction tax (stt) not paid at the time of buying for shares acquired after 1st october, 2004 (ie after the introduction of stt). that means it is not p






state-framed real estate rules to be examined by house panel, real estate news,


new delhi: amid reports that key provisions of new real estate regulation law have been diluted by some states, the central government has forwarded the rules notified by the states to a parliamentary committee for examination. minister of state for housing and urban poverty alleviation (hupa) rao inderjit singh, in written reply to a question in the lok sabha on wednesday, said the ministry has received representation from consumer groups, complaining that some states have reportedly diluted key provisions of the act to favour builders. "the rules that have been notified by the states, have been forwarded to the committee on subordinate legislation of the rajya sabha and the lok sabha for examination," he said. the centre has notified the real estate (regulation and development) act 2016






ms dhoni's wife likely to appear in tis hazari court, real estate news, et reale


new delhi: indian cricketer mahendra singh dhoni's wife sakshi dhoni is likely to appear before delhi's tis hazari court in am ali housing case. sakshi was summoned by the court in february last year after a west delhi-based resident claimed delays in the possession of flats. she holded 25 percent stake in the business venture with am ali group owner anil kumar sharma. the am ali group is one of india's leading real estate companies. in april last year, its brand amb ador mahendra singh dhoni quits the post after angry home buyers trolled him on twitter. over 4,000 buyers of the group's golf homes project are the worst sufferers after the real estate giant delayed the possession by about 15 months and allegedly stalling the construction work.






land, real estate should be brought under gst, real estate news, et realestate


new delhi: land and real estate should be brought within the goods and services tax (gst) regime and consumer durables should be taxed at the lowest slab to make the new indirect tax regime consumer friendly, delhi deputy chief minister manish sisodia said today.the minister ured industry chambers that he would take up the aforesaid issues in the forthcoming gst council meeting as keeping land and real estate being outside purview of gst and that higher taxation slab for consumer durables would kill its basic purpose, a phd chamber release said.addressing a seminar on gst, sisodia said dual control of gst also defeated its intended objectives and sought more intense consultations on the issue in future course of gst council, arguing that the objective of the gst should be consumer and trad






global pe firms invested record $6.6 billion in realty sector last year, real es


mumbai | bangalore: international private equity firms may have pumped in record capital into india’s real estate sector last year, but it is still just 1% of what they invested globally during the year.india attracted $6.6 billion of inflows into the property sector as against over $610 billion global capital inflows in 2016, a jll india study showed.however, this is likely to change with the advent of transparency through real estate regulatory act, tax reforms and an exit avenue in the form of real estate investment trusts. the global funds that ign higher weightage to political stability, particular phase of the country's property cycle, uptake in commercial spaces have now been reviewing indian real estate’s potential as their key investment market.“india’s real estate received just 1






take personal interest in real estate act’s implementation: naidu to cms


by: pti | new delhi | published:february 13, 2017 1:19 amwith four states and six uts notifying the final real estate rules, union minister m venkaiah naidu has urged chief ministers to take personal interest in ensuring implementation of the act. in a letter dated february 9 to all chief ministers, he said, “real estate act is one of the most important reforms for the sector which would bring benefits to all stakeholders.watch what else is in the news“it is therefore, my sincere request to please bestow your personal attention to this matter so that the act is implemented in time and in the spirit with which it was passed by the parliament,” he said.“appropriate governments are required to establish the real estate regulatory authorities and the appellate tribunals, maximum by april 30,






centre warns states of situation of vacuum if may 1 timeline not met, real estat


venkaiah naidunew delhi: the centre has warned states of a serious situation of vacuum arising if necessary institutional mechanisms for the real estateregulatory act were not put in place before the deadline of may 1 this year.in a two-page letter to all the chief ministers of states on february 9, minister of housing & urban poverty alleviation (hupa) venkaiah naidu said, “real estate act is one of the most important reforms for the sector, which would bring benefits to all stakeholders. it is therefore, my sincere request to please bestow your personal attention to this matter so that the act is implemented in time and in the spirit with which it was passed by the parliament”.all the states are required to notify real estate rules including the general rules and the agreement for sa






centre warns states of situation of vacuum if may 1 timeline not met, real estat


venkaiah naidunew delhi: the centre has warned states of a serious situation of vacuum arising if necessary institutional mechanisms for the real estateregulatory act were not put in place before the deadline of may 1 this year.in a two-page letter to all the chief ministers of states on february 9, minister of housing & urban poverty alleviation (hupa) venkaiah naidu said, “real estate act is one of the most important reforms for the sector, which would bring benefits to all stakeholders. it is therefore, my sincere request to please bestow your personal attention to this matter so that the act is implemented in time and in the spirit with which it was passed by the parliament”.all the states are required to notify real estate rules including the general rules and the agreement for sa






houston firm acquires beltway 8 industrial office complex


a houston real estate company has acquired a 10.5-acre complex of industrial office/flex and warehousing space along the sam houston tollway in southwest houston.stone mountain properties now has the 116,700-square-foot beltway 8 office flex center, near bissonnet street and beltway 8 at 9920-9980 w. sam houston parkway s.bill mcgrath and peter wall of landpark advisors represented stone mountain during the acquisition.related: property mana ent firm buys stafford office buildingthe office/warehousing complex was built in 2005 and has four buildings.stone mountain now has more than 1 million square feet of commercial real estate in texas and new jersey, according to the company.






petsmart shares its hilarious, adorable pet p os with santa claus


p o: amy sussman/ap images for petsmart image 1of/181captioncloseimage 1 of 181these pet p os with santa claus were taken at petsmart on urday, dec. 10, 2016, in the brooklyn borough of new york.these pet p os with santa claus were taken at petsmart on urday, dec. 10, 2016, in the brooklyn borough of new york. p o: amy sussman/ap images for petsmart image 2 of 181these pet p os with santa claus were taken at petsmart on urday, dec. 10, 2016, in the brooklyn borough of new york.these pet p os with santa claus were taken at petsmart on urday, dec. 10, 2016, in the brooklyn borough of new york. p o: amy sussman/ap images for petsmart image 3 of 181these pet p os with santa claus were taken at petsmart on urday, dec. 10, 2016, in the brooklyn borough of new york.these pet p os with santa clau






realty, infra cos face higher tax outgo under new rule, real estate news, et rea


mumbai: real estate and infrastructure companies, already struggling with thin profit margins, could see a substantial fall in profits and a significant rise in tax liability next year due to the `thin capitali ion' concept unveiled in the union budget for 2017 .the new rule will not allow companies to claim tax deduction for interest paid on foreign debt above 30% of their ebitda (earnings before interest, tax, depreciation and amorti ion).experts say the most hit would be real estate and infrastructure companies that have large chunk of international debt at project level or in their special purpose vehicles (spvs).the government is expected to categorise investments through non-convertible debentures (ncds) and the dividend paid on that also as debt.several real estate and infrastructur






beyonce faces $20m copyright suit from youtube star’s estate


new orleans — the estate of a late new orleans youtube star has filed a $20 million copyright infrin ent lawsuit against beyonce over the use of his voice in her song “formation.”the estate of anthony barre, who went by the name messy mya on youtube, claims in the lawsuit filed in new orleans federal court monday that barre’s voice is featured in the introduction to “formation.” the complaint alleges barre’s estate has received no payment or acknowledgment.barre was fatally s in 2010.barre’s estate is demanding at least $20 million in damages, royaltiesin addition to beyonce, the suit names several songwriters, the video’s director and companies owned by warner group. representatives for beyonce and wmg didn’t immediately respond to a request for comment.copyright 2017 the ociated press. a






on the move: helping newcomers understand benefits of proper representation


p o: harlin miller | p og hy http://www.harlinmiller.com image 1of/3captioncloseimage 1 of 3amy bernsteinamy bernstein p o: harlin miller | p og hy http://www.harlinmiller.com image 2 of 3pattie hueypattie hueyimage 3 of 3on the move: helping newcomers understand benefits of proper representation1 / 3back to gallerythere is much for newcomers to know and understand when they are looking to purchase a home in the houston area. oftentimes they are moving from out of state or even from outside of the country, where real estate contracts and representation work much differently than they do in texas.thus, it is critical for real estate agents to fully explain representation and how it benefits their relocation home buyers, as it can be confusing to understand who is being represented by whom






hudson's bay makes bid for macy's, report says


canadian department store operator hudson's bay has made a takeover approach for us department store chain macy's, according to a person familiar with the matter.shares of macy's, which had a market value of about $us9.4 billion as of thursday's close, surged 7.3 per cent to $us32.95 by midday new york time on friday. pedestrians and shoppers p in front of a macy's flagship store in new york. p o: david williamsshares of hudson's bay, which also owns the saks fifth avenue store, were up 2.1 per cent at $c10.26. the company had a market cap of $c1.82 billion as of thursday's close.talks between the companies are at an early stage, the person said.hudson's bay could raise equity and debt against its real estate portfolio, which could be worth $us14 billion, to fund the deal, according to the






on the move: relocation clients benefit from provider relationships


image 1of/2captioncloseimage 1 of 2tess chaneytess chaneyimage 2 of 2on the move: relocation clients benefit from provider relationships1 / 2back to gallerycorporate relocation is a team sport, which means that very little happens in isolation. this is excellent news for a transferring employee and the employee's family, as there are many service providers involved in the process that are all working in unison with one another. relationships among service providers are naturally and strategically cultivated, which have many benefits for the transferee.on the real estate side alone, there are many moving parts that must be carefully choreog hed in order to be effective. while the process is overseen and managed by the real estate firm's relocation department, the majority of the actual cont






brigade group's q3 profit drops 27% on demoneti ion, real estate news, et reales


bengaluru: property developer brigade group reported a near 27% drop in quarterly profit as sales slowed due to demoneti ion. net profit fell to rs 31.6 crore for the third quarter ended december 31, from rs 43.1 crore a year earlier. sales from operations dropped 14.5% to rs 537 crore. "sales were severely affected due to the negative sentiment of demoneti ion on the real estate sector," the company said in a statement on friday. "the union budget has rolled out multiple initiatives for the housing industry, giving serious boost to the sector and we are confident of continuing our growth in the coming quarters through our quality offerings across markets," chairman and managing director m r jaishankar said. during the reported quarter, brigade sold 0.3 million sqft of residential space v






what's new in budget 2017 for real estate sector?, real estate news, et realesta


bengaluru | mumbai | new delhi: finance minister arun jaitley in his budget 2017 speech has given one of the much needed thrust to the indian real estate sector. the minister announced that the ‘affordable housing’ will be given ‘infrastructure’ status, which is likely to result in increased participation from private players.“the announcement of affordable housing being given infrastructure status is a welcome move and will act as a catalyst to meet the objectives of housing to all by 2022. credit off-take towards affordable segment of housing will lead to creation of supply especially for both stake holders the first home buyer and developer who will now have access to cheaper funding,” said ravi ahuja, executive director, office services & investment sales at colliers international






demoneti ion dampens sentiments of real estate sector, real estate news, et real


mumbai: demoneti ion of high value currency notes of rs 500 and rs 1000 has dampened sentiments of the real estate sector across india, which until now had been comparably more upbeat than most markets in asia, according to rics’ global commercial property monitor.both the occupier sentiment index (osi-an index that shows supply, demand and rent expectations) and investment sentiment index (isi), an index capturing overall market momentum) readings turned negative in the national capital region and mumbai after demoneti ion, it said.the osi index recorded a reading of -3 in the q4 (october-december, 2016). it represents the weakest number reported for this indicator since the end of 2013. demand for retail property fell over this period. office space was more sought after though the rate o






jules wainstein can sell home as bitter divorce battle continues


a "real houswives of new york" star can sell her gramercy park townhouse to stave off financial ruin as she seeks divorce from her real estate investor former hubby. manhattan supreme court justice michael katz ruled tuesday that jules wainstein can sell the home where she said she was facing eviction due to lack of support from her husband, michael wainstein. "since it's her name on the apartment, she should be allowed to sell it," katz said. "they're going to be deeper in the hole in four or five months and her credit will be ruined." jules wainstein dropped, for now, an effort to hold her husband in contempt for paying to pay over $70,000 in child support for their two kids, private school tuition and rent.'real housewife' jules wainstein's child custody battle continues(alec tabak/for






beyonce faces $20m copyright suit from youtube star’s estate


new orleans — the estate of a late new orleans youtube star has filed a $20 million copyright infrin ent lawsuit against beyonce over the use of his voice in her “formation” video.the estate of anthony barre, who went by the name messy mya on youtube, claims in the lawsuit filed in new orleans federal court monday that barre’s voice is featured in the introduction to the video. the complaint alleges barre’s estate has received no payment or acknowledgment.barre was fatally s in 2010.in addition to beyonce, the suit names several songwriters, the video’s director and companies owned by warner group. representatives for beyonce and wmg didn’t immediately respond to a request for comment.copyright 2017 the ociated press. all rights reserved. this material may not be published, broadcast, rewr






rajnath singh to homebuyers of greater noida west, real estate news, et realesta


noida: homebuyers of greater noida west (noida extension) met union home minister and senior bjp leader rajnath singh on monday, who ured them that irrespective of the result of the up polls, the real estate (regulation and development) act, 2016 (rera) will not be allowed to be diluted in the state.“we met rajnath singh and expressed our fear that rera may get weakened in up, with various pro-buyer measures being ignored while being adopted,” kumar, president of noida extension flat owners welfare ociation (nefowa), told toi, adding that “irrespective of which party forms the government, rera will not be allowed to be diluted in up.”nefowa had met senior delhi pradesh congress committee president and former union minister of urban and housing development ajay maken on sunday over the issu






sally quinn is selling her grey gardens estate in the hamptons for $20 million


grey gardens is the current home of the washington post columnist sally quinn and her husband ben bradlee the executive editor of the washington post. (courtesy of corcoran real estate group).for about $20 million, you could live like big edie and little edie, eccentric relatives of jacqueline bouvier kennedy on is made famous in the documentary, feature film and broadway show about their rams le hamptons estate, grey gardens. or, more aptly, like the late washington post executive editor ben bradlee and his wife, sally quinn, who bought the home in the 1979, and renovated it into a getaway for the power couple.quinn just listed grey gardens for $19.95 million.in a 2009 essay for the post, quinn described encountering the falling-down, flea-infested wreck, which had been inhabited by on is






sally quinn is selling her grey gardens estate in the hamptons for $20 million


grey gardens is the current home of the washington post columnist sally quinn and her husband ben bradlee the executive editor of the washington post. (courtesy of corcoran real estate group).for about $20 million, you could live like big edie and little edie, eccentric relatives of jacqueline bouvier kennedy on is made famous in the documentary, feature film and broadway show about their rams le hamptons estate, grey gardens. or, more aptly, like the late washington post executive editor ben bradlee and his wife, sally quinn, who bought the home in the 1979, and renovated it into a getaway for the power couple.quinn just listed grey gardens for $19.95 million.in a 2009 essay for the post, quinn described encountering the falling-down, flea-infested wreck, which had been inhabited by on is






increasing transparency: weeding out the rest from the best


written by ramesh nair | published:february 11, 2017 1:19 am the indian real estate sector is set to become far more transparent, competitive, h le-free and consumer-focused in the futurein recent times, the indian real estate developer community has been in the news for all the wrong reasons. but the good part is that the ‘black sheep’ of the family are now being brought to book, simultaneously increasing the contrast between unscrupulous operators and transparent, honest builders who have hard-won reputations to protect. the fact that the law is coming down heavily on unreliable builders is very positive, as it prevents the entire community from getting maligned. also, consumers now know that their grievances will be heard and acted upon.in a significant ruling, a consumer disputes red






latest real estate & property market news


jenny brown | 22 hours agoto get to “straddie”, one of three within-striking-distance of brisbane beach destinations, you catch a ferry or a water taxi across morton bay.






latest real estate & property market news


dr andrew wilson | 3 hours agomost australian capital city housing markets finished the year on the front foot, recording their best results of the year over the december quarter.






vatika business centre plans international foray in 2017, real estate news, et r


new delhi: vatika business centre, a unit of gurgaon-based real estate firm vatika group, is planning to make international foray this year and is exploring countries such as singapore, hong g and bangkok to open business centres."we are in talks with people in these countries and will formalise the plan by year end," said vineet taing, president, vatika business centre.the company plans to take the revenue sharing model route for partnerships abroad. "we might also look at takeovers if the right opportunity strikes," he said.the company plans to invest around rs 175 crore in the next five years for opening around 25 more business centres, both in india and abroad, taing informed.vatika business centre at present has 15 offices spread across new delhi, gurgaon, noida, mumbai, bengaluru, ch






homebuyers in ncr often cheated by builder lobby, says pm modi, real estate news


ghaziabad: prime minister narendra modi harped on the challenges faced by homebuyers of ncr during thecourse of his speech in ghaziabad on wednesday by pointing out the irregulari- ties prevailing in the housing sector. "whoever wants to reside in delhi heads towards noida and ghaziabad for a home. homebuyers invest their life's savings in flats in the region. but many of them are duped by the builder lobby who do not hand over the flats on time. the flats are sold to whoever offers more money. in many cases, the flats that are delivered are not built according to plan," modi said. the layout areas of the flats that are delivered are less than the areas that is promised at the time of booking flats," he added. he said ghaziabad is adjacent to delhi and should have been planned and develope






memorial office joins berkshire hathaway hs anderson properties


published 10:34 am, friday, february 10, 2017 image 1of/1captioncloseimage 1 of 1memorial office joins berkshire hathaway hs anderson properties1 / 1back to galleryberkshire hathaway homeservices anderson properties announced that the houston real estate group, at 13130 memorial drive and led by monica vaca, has elected to become a part of the company. mike huff, broker/owner of anderson properties, said, "we are thrilled to announce that vaca and her group of agents have elected to join berkshire hathaway homeservices anderson properties. "vaca has long been recognized as a leader in the houston real estate community, having held several important positions at the houston ociation of realtors. she also was recognized as one of the nation's leading realtors by the national ociation of his






brazos mall sprucing up with $25 million makeover


image 1of/1captioncloseimage 1 of 1brazos mall in lake jackson is getting a $25 million makeover. (courtesy of centennial)brazos mall in lake jackson is getting a $25 million makeover. (courtesy of centennial)brazos mall sprucing up with $25 million makeover1 / 1back to galleryabout a year after buying brazos mall, the owners of the lake jackson shopping center announced plans friday to pump $25 million into revitalizing and rebranding the 41-year-old property.the improvements will include new retailers as well as cosmetic upgrades, including new floors, seating, lighting and an updated food court. the mall's color schemes and logo are also set to change."our plans received an overwhelmingly positive response from retailers in the mall, as well as from the local community and the city of l






ask property makes rs 440 crore exits from three realty projects, real estate ne


mumbai: ask property investment advisors, the real-estate private equity arm of financial services firm ask group, has made three exits from its project investments totaling rs 440 crore.these are one of the few exits that have taken place since demonetization. the exits have been made from residential projects of puranik group, ats infrastructures and shriram properties with project level internal rate of returns (irr) ranging from 19% to 27%.out of these three exits, two were equity investments made by the fund directly in ats infrastructures and shriram properties, while a structured debt fund raising done through investors for puranik builders.“ask funds have demonstrated exit track record of over rs 1,850 crore through its seven full and nine part exits clocking returns in the range o






builders, pe firms tap refinancing option to lower cost of fund, exit, real esta


bengaluru| mumbai: in the backdrop of falling interest rate scenario, realty developers and private equity players are increasingly taking a ntage of the refinancing route to lower their cost of funding and make an exit.the trend is likely to continue as capital flows are likely to increase with newer financing channels entering the market, encouraged by policy changes such as the real estate regulatory act, which will improve transparency.“the number of successful exits will increase over the next 18 months. while office cap rates will remain the same, the average roi expectations will actually decrease in this period,“ said shobhit agarwal, managing director, capital markets, jll india.indian real estate developers, on an average, raise $1516 billion every year from domestic as well as






realtor of the week: former capitol hill paigner back to real estate in houston


image 1of/1captioncloseimage 1 of 1cathy caglecathy caglerealtor of the week: former capitol hill paigner back to real estate in houston1 / 1back to gallerypicking a realtor is not only important in isting in buying or selling a home. it can also influence the future."it is important to pick a seasoned realtor, to help guide you in making a decision not only on a home today, but a home that will be an et in the future, especially when it comes to re-selling the home," said cathy cagle, a realtor with john daugherty, realtors. in the 20-plus years cagle has been a realtor, she has seen many types of real estate markets. yet, in whatever the market was or is doing, cagle has been busy."right now, we are busy. optimism is in the air, our showings have tripled, people are out and about looking






how did this employee make off with $700,000 from her boss?


actually, it was $711,074.39 and the money went missing between february 2014 and december 2015.debra biagi was the istant to the chairman at hb nitkin group, a family-owned real estate mana ent and development firm in greenwich, conn..  the job gave her lots of responsibility and her boss must have trusted her a lot. that was a mistake.biagi managed the firm’s money paid to suppliers…except some of them weren’t real. her scheme wasn’t that unique. according to this report in the stamford daily voice, she created fake invoices from fake suppliers for fake stuff like masonry, carpentry, electrical and plumbing services. she then sent checks from both the company and family members (who unfortunately trusted her with their checkbooks) to pay for the fake stuff. and then deposited those check






latest real estate & property market news


jim malo | 16 hours agonsw investor brielle dawson bought a unit in a small, aged block on the gold coast. it had two apartment buildings on either side, one of similar size to hers and a newer, high-rise block.






jll india makes strategic investment in cloud1 enterprises, real estate news, et


mumbai: international property consultancy jll india's proprietary real estate technology investment vertical has made an investment in ncr-based cloud1 enterprises.this is jll’s second investment in the real estate technology space after its investment into foyr.com in october 2016. last year, jll india formed a structured vertical to make proprietary investments into early-stage technology companies with the potential to disrupt the real estate business.cloud1 enterprises is an end-to-end cloud based platform enabling corporates to deploy telematics technologies to bring efficiency to employee transportation, jll said in a release. the company has not disclosed the investment amount."estimated at $ 2 billion in india alone, the employee transportation sector is currently highly fragmente






these 7 realty stocks generated up to 421% return in last 5 years, real estate n


new delhi: the real estate counter might be perceived as one of the worst places to bet on, but there are stocks within that space that have offered spectacular returns over the past five years.some of the stocks have even managed to generate returns as high as 400 per cent, or five times, the initial investment. with finance ministerarun jaitley batting for affordable housing, the sector is all set to get a lease of life, and the performing stocks may continue to do well.data available with corporate database capitaline showed shares of delhi-based ashiana housing have surged five times, or 421 per cent, in last five years. the increase in budget allocation towards pradhan mantri awaas yojana to rs 23,000 crore from rs 15,000 crore is seen as a positive for players such as ashiana housing






jll india makes strategic investment in cloud1 enterprises, real estate news, et


mumbai: international property consultancy jll india's proprietary real estate technology investment vertical has made an investment in ncr-based cloud1 enterprises.this is jll’s second investment in the real estate technology space after its investment into foyr.com in october 2016. last year, jll india formed a structured vertical to make proprietary investments into early-stage technology companies with the potential to disrupt the real estate business.cloud1 enterprises is an end-to-end cloud based platform enabling corporates to deploy telematics technologies to bring efficiency to employee transportation, jll said in a release. the company has not disclosed the investment amount."estimated at $ 2 billion in india alone, the employee transportation sector is currently highly fragmente