Motilal Oswal Real Estate has raised slightly more than Rs 1,150 crore with the final close of its fourth real estate fund – India Realty Excellence Fund IV (IREF IV). The private equity arm of Motilal Oswal Financial Services raised the money primarily from high net worth individuals and family offices. Its existing investors from previous funds also provided commitments to the new fund. IREF IV plans to deploy the capital in mid-income and affordable residential projects and, selectively, in commercial projects across India’s top six cities.
Motilal Oswal Real Estate raises over Rs 1,150 crore through fourth realty fund
Date posted: Thursday 7 May 2020