Motilal Oswal Alternates Invests Heavily in Indian Real Estate with New ₹2,000 Crore Fund
MO Alts, the alternative investment arm of Motilal Oswal Financial Services Ltd, has closed two transactions from its new real estate fund with cumulative investments of ₹190 crore.
Motilal Oswal AlternatesReal EstateIndia Realty Excellence Fund ViRadiance RealtyMantra PropertiesReal EstateJul 18, 2024
MO Alts had announced that it will raise ₹2,000 crore via its sixth real estate fund, India Realty Excellence Fund VI (IREF VI), which is strategically focused on early-stage investments in predominantly middle-income and affordable residential projects across the top eight cities in India. The fund has achieved its first close at ₹1,274 crore and has received additional commitments of ₹300 crore. MO Alts is targeting to achieve the final close of ₹2,000 crore in 2024.
The real estate sector has seen a sharp turnaround in the aftermath of the pandemic. With the revival in demand from home buyers fuelling a rise in residential sales, developers have also been emboldened to shop for land parcels. MO Alts plans to continue funding developers to acquire land for residential projects, with a focus on middle-income and affordable housing.
The company has also signed term sheets for five other transactions, to invest around ₹600 crore, which are currently under various stages of due diligence. Till date, MO Alts has invested capital in the property sector through five real estate funds and also manages other standalone and proprietary investments in the real estate space.
Information
Motilal Oswal Financial Services Ltd is a financial services company that provides a range of financial products and services, including mutual funds, investment banking, and private equity. Its alternative investment arm, MO Alts, focuses on investing in real estate, private equity, and other alternative asset classes.
Motilal Oswal Alternates (MO Alts) is the alternative investment arm of Motilal Oswal Financial Services Ltd, a leading financial services company in India.
Frequently Asked Questions
What is the amount invested by MO Alts in its new real estate fund?
₹190 crore
What is the focus of MO Alts' sixth real estate fund, India Realty Excellence Fund VI (IREF VI)?
Early-stage investments in predominantly middle-income and affordable residential projects across the top eight cities in India.
How much has MO Alts raised via its sixth real estate fund so far?
₹1,574 crore (₹1,274 crore in the first close and an additional ₹300 crore in commitments)
What is the target final close for MO Alts' sixth real estate fund?
₹2,000 crore in 2024
What is the strategy of MO Alts for its new real estate fund?
Funding developers to acquire land for residential projects, with a focus on middle-income and affordable housing.
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