News release

JLL appoints Lata Pillai as India Capital Markets head

Real estate firm strengthens investor services capabilities amid robust transaction volumes and growing investor interest with strategic hire.

July 07, 2021

Singapore 07 July 2021: JLL (NYSE: JLL) today announced the appointment of Lata Pillai as Head of Capital Markets, India, effective 15 July 2021. Based in Mumbai, Lata will advise domestic and international clients on investments and financing solutions in the India real estate market. Her appointment further strengthens JLL’s capabilities in one of Asia Pacific’s most active investment geographies and marks a new phase of growth as the market continues to evolve.

For JLL, Lata will be responsible for leading a diverse team and driving strategy for the India Capital Markets business, which will include supporting growth in cross-regional capital flows and overseeing the asset management and strategic advisory business lines. As global investor interest within the sector continues to rise, she will additionally focus on enhancing the connectivity of the company's Capital Markets teams with investors in overseas markets.

With India increasingly prioritized by global investors, Lata’s appointment will bolster JLL’s service capabilities, fortify its market leadership, and position the fat the forefront of industry redefining deals. Institutional investment* in Indian real estate witnessed US$27 billion of capital flows during 2016-20. Investment volumes crossed the US$5 billion mark in 2020 despite the pandemic, thanks to large portfolio deals during the year.

“Investors continue to reinforce their confidence in Indian real estate and will increasingly demand local expertise paired with global insights. India remains an attractive destination for global capital and we believe it will continue to evolve and mature at a rapid pace in both core and emerging markets. Lata’s rich experience in real estate and finance paired with a strong network will provide a more diversified offering to our clients, thereby addressing their needs across range of asset classes and geographies,” says Radha Dhir, CEO & Country Head, India, JLL.

Investments into Indian real estate grew by 21% y-o-y during the first quarter of 2021, registering volumes of over US$900 million. Furthermore, with over 285 mn sq ft of REIT worthy office assets that could be securitized, with an estimated value of US$36 billion across the top seven cities, JLL believes more REIT listings will be slated for 2022 and beyond.

“Investment in India’s commercial real estate market has increased more than fivefold in a decade. As markets reawaken, investors will look to take advantage of strong demographics and governmental reforms. Under Lata’s leadership, we're confident that our India Capital Markets team will thrive and be well placed to unlock opportunity for foreign investors and India owners and developers,” says Stuart Crow, CEO, Capital Markets, Asia Pacific., JLL.

To JLL, Lata brings 30 years of experience in banking and real estate space. Prior to joining JLL, Lata worked at ICICI Bank, where she was instrumental in building its real estate finance desk. At Deutsche Bank, Lata was head of their Commercial Real Estate group. She also brings experience from Edelweiss Financial Services and Yes Bank in senior leadership positions.

* Institutional flow of funds includes investments by family offices, foreign corporate groups, foreign banks, proprietary books, pension funds, private equity, real estate fund-cum-developers, foreign-funded NBFCs and sovereign wealth funds. It also includes anchor investors in REITs. The data is compiled as per available information in the public domain.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit

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