Motilal Oswal infuses Rs. 800cr in realty projects

    Motilal Oswal Realty Projects
    The private equity real estate fund of Motilal Oswal Group Real Estate, has recently secured Rs. 800-cr funds aimed to be invested in residential projects of developers in Mumbai Metropolitan Region, Delhi-National Capital Region, Bengaluru, Pune, Hyderabad, and Chennai. The funds, as part of third real estate funds raised from high networth individuals and family offices. The fund, set up as an alternative investment fund, or AIF category II, will target a gross internal rate of return of 23-25% from its investments. It will have tenure of five years from final close and two extensions of one year each. In fact, the company has achieved first closure of Rs. 600-cr for the fund in four months of the launch in November. Given the performance of its second fund, it is witnessing repeat commitments from many existing investors and it is on its way to conclude entire targeted fund of Rs. 1,000cr, over the next three months, said Sharad Mittal, Head, real estate fund, Motilal Oswal Real Estate.
    CURRENTLY ONLINE
    We have 411 guests and 3 members online

    NBM&CW

    New Building Material & Construction World

    New Building Material & Construction World
    MGS Architecture

    Modern Green Structures & Architecture

    Modern Green Structures & Architecture
    L&ST

    Lifting & Specialized Transport

    Lifting & Specialized Transport
    II&TW

    Indian Infrastructure & Tenders Week

    Indian Infrastructure & Tenders Week