JLL Brings Together India’s Leading Real Estate Technology Startups at its Hackathon

by Priya Jadhav 

Country’s leading & emerging proptech companies presented their ideas to a strong jury of industry veterans and experts

·         The Hackathon was organised as part of JLL IDEAs, JLL’s proptech accelerator programme started in partnership with Invest India, AGNIi and Startup India

·         Today’s Hackathon focused on identifying leading real estate technology startups and innovative technologies from individuals/companies for the final rounds

·         Winners in the final round to receive awards including potential funding opportunities by JLL Spark, mentorship from industry leaders, incubation opportunities and client meetings to test and pilot their solutions in a real world environment

Mumbai,November 2019: JLL, leading real estate and property investment management consultants and Invest India, along with the National Investment Promotion and Facilitation agency, under the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India, under their Proptech accelerator programme, JLL IDEAs brought together India’s leading and emerging property technology companies under one umbrella to conduct the Hackathon at New Delhi and Bengaluru.

JLL IDEAs is a collaboration between JLL and the initiatives housed at Invest India, - Accelerating Growth of New India’s Innovations (AGNIi) and Startup India. AGNIi is the national technology commercialization programme, from the Office of the Principal Scientific Adviser to the Govt. of India and Startup India is the government’s flagship initiative to boost the startup ecosystem in the country.

The products showcased included offerings across asset valuation, smart buildings, employee experience, sustainability and a lot more. These offerings encapsulate the elements like Blockchain, AI, Machine Learning, IOT etc. and aims to empower investors and tenants, drive efficiencies, increase profitability and enhance safety and trust in the real estate sector. 

Through the jointly conducted Hackathons, the judges have identified 10 finalists for its final round, planned in Mumbai.

JLL IDEAs is India’s biggest real estate proptech accelerator that will promote startups working on cutting edge, disruptive technologies and solutions impacting developers, investors and occupier clients in the country. The programme at the end of the mega contest select the best startups in real estate and aims to create India’s biggest platform for convergence of technology in real estate sector.

Winners of this hackathon will receive awards including potential funding opportunities through JLL Spark, mentorship from real estate leaders, incubation opportunities and client meetings to test and pilot their solutions in a real world environment. With US$100mn of investment fund, JLL Spark is focused on creating new products, investments and supporting startups in the real estate tech industry.

Ramesh Nair, CEO & Country Head - India, JLL said, “The proptech space is fast evolving, as evidenced at today’s Hackathon, conducted at Bengaluru and New Delhi. We are hopeful that winners of the Hackathon and the final rounds of this mega contest will add immense value to the growth of the sector. I sincerely thank our jury members, partners for their continued support. Along with our partners, Invest India, AGNIi and Startup India, we will continue to work towards promoting the programme in India, making it more meaningful and beneficial for the sector. Today’s contests were an example of our efforts in that direction.” 

Juggy Marwaha, Executive Managing Director – India, JLL said, “JLL IDEAs is a platform for technology enablers, game changers, who wish to change the way real estate activity is carried out in the country. The unique initiative is an amalgamation of youth and experience, brought together to transform the real estate sector and prepare for future. It is interesting to see that young, energetic entrepreneurs are coming together and ideating on how real estate sector can be made agile and efficient. This said, companies adopting to technology innovation will lead the change along with JLL IDEAs.”

Sandeep Sethi, Managing Director – Corporate Solutions, West Asia, JLL said, “Our homes and workplaces have fast evolved. And technology adoption has big role to play in this transformation. With end-users spending a significant amount of time in offices and the built environment in general, it is imperative that the real estate sector adopts and embraces technology much faster and offers the required human experience and brings workplace efficiency across the spectrum. Proptech space has the potential to do that for us. And JLL IDEAs is the platform that will continue to work towards this common goal.”    

Rahul Nayar, Vice President, AGNI India, Invest India said, “It is AGNIi’s constant endeavour to support India’s technology innovation ecosystem, of which real estate sector is an important part. We are very happy to collaborate with JLL, which initiated the proptech accelerator programme JLL IDEAs. The partnership will help us find and surface exciting new innovation opportunities for futuristic real estate technology initiatives and technology innovators across India.”

About JLL India: JLL is India’s premier and largest professional services firm specialising in real estate. With an estimated revenue for FY 2018-19 expected to be approx. INR 4,000 crore, the Firm is growing from strength to strength in India for the past two decades. JLL India has an extensive presence across 10 major cities (Mumbai, Delhi NCR, Bengaluru, Pune, Chennai, Hyderabad, Kolkata, Ahmedabad, Kochi and Coimbatore) and over 130 tier II & III markets with a cumulative strength of close to 11,000 professionals.

The Firm provides investors, developers, local corporates and multinational companies with a comprehensive range of services. This includes leasing, capital markets, research & advisory, transaction management, project development, facility management and property & asset management. These services cover various asset classes such as commercial, residential, industrial, retail, warehouse and logistics, hospitality, healthcare, senior living and education.

JLL India won the Five Star Award for ‘Best Property Consultancy at the International Property Awards Asia Pacific 2018 -19. The Firm was also recognised amongst the ‘Top 100 Best Places to Work in India’ in 2017 & 2018 in the annual survey conducted by Great Place to Work® and The Economic Times. It has also been acknowledged as ‘Property Consultant of the Decade’ at the 10th CNBC-Awaaz Real Estate Awards 2015. For further information, please visit jll.co.in

About Invest India: Invest India is the National Investment Promotion and Facilitation agency. Invest India, promoted by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry is mandated to promote and facilitate foreign investments into the country. Several key government initiatives like AGNIi and Startup India are housed within Invest India. AGNIi is the national technology commercialisation program which aims to boost the innovation ecosystem in the country. Startup India is the government’s flagship initiative to foster the startup ecosystem in the country. For further information, please visit www.investindia.gov.in