Motilal realty fixes Rs.1,000 cr project on radar

Motilal Oswal
The real estate arm of Motilal Oswal Private Equity (MOPE), Motilal Oswal, is currently contemplating to invest Rs.1,000 crore in the realty projects in the current financial year whereby investments will be made from India Realty Excellence Fund-III (IREF-III) and IREF-II, said Director, Sharad Mittal. The IREF-III has concluded 12 transactions across top six cities in the country. The fund focuses on early-stage mezzanine/ structured equity investments with established developers across the six cities. Motilal Oswal Real Estate has assets under management of over Rs.2,000 crore spread across IREF (Rs.200 crore), IREF-II (Rs.500 crore), IREF-III (Rs.1,030 crore). Only large and serious players having meaningful scale, dedicated focus towards timely delivery and customer satisfaction and they would do well in the current scenario. Given the RERA regulations, the kind of capital shall become much more suited to these developers, going forward as the company sees significant growth and opportunity in the regularized markets, especially with the continued progress towards broader institutional ownership, he added.

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