Motilal Oswal injects ₹300 cr in affordable housing
Motilal Oswal Real Estate (MORE) has recently invested over ₹300 crore across three affordable housing builders’ projects in Mumbai, Pune and Chennai through its two funds. These investments have been made in affordable and mid-income residential projects of SD Corp, a joint venture between Shapoorji Pallonji and Dilip Thacker Group in Mumbai, Casagrand Group in Chennai, and Mont Vert Developers in Pune. It is MORE’s first investment with SD Corp and Mont Vert as the investments come at a time when there is a liquidity crunch in the real estate market with non-banking finance companies and housing finance companies focusing on quality and liquidity of their assets, said CEO, Motilal Oswal Real Estate, Sharad Mittal, adding that this has increased its deal flow over the past two months, as it is cautious and selective in investments.
📅Published on:
11 December 2018
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