Property consultancy Jones Lang LaSalle adds infrastructure to advisory mandate in India

Property consultancy firm Jones Lang LaSalle India has launched a dedicated infrastructure services vertical, making it the first among its global real estate advisory services peers to look at the infra sector, the company said on Monday.

It could, however, compete with a separate set of firms that focuses on infrastructure advisory services.

The new vertical will provide solutions to priority sectors such as urban infrastructure (mass transit systems, new capital cities, food parks, utility services and car parks), social infrastructure (education, healthcare and senior living), transportation (airports, road, highways and ports) and public private partnerships (PPP) with government, industry and tourism bodies.

Shubhranshu Pani will head the vertical as managing director of infrastructure services. He is transitioning from his post of joint managing director, retail services, JLL India, to lead this practice.

He has over 17 years of experience within renewable energy, real estate consulting, valuations and research, infrastructure tourism and retail leasing domain.

The development comes at a time when the Narendra Modi-led government is focused on reviving and boosting investment in infrastructure through various measures. Besides core infrastructure, the almost one-year-old government is focusing on urban infrastructure.

Unlike its other real estate consultancy business peers, which are also present in the country, NYSE-listed JLL also has a realty PE investment unit in India.

(Edited by Joby Puthuparampil Johnson)

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