Venture Intelligence (TSJ Media Pvt. Ltd.)
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Motilal Oswal Alternates raises over Rs 1,750-Cr for sixth fund
Motilal Oswal Alternates (MO Alts), the alternative investments arm of Motilal Oswal Financial Services, has raised over INR 1,750 crore for its sixth real estate fund India Realty Excellence Fund VI (IREF VI) to focus on investments across top eight cities of India.MO Alts had launched this sixth real estate fund with a target corpus of INR 2,000 crore and has raised this capital from high networth individuals, family offices and corporates including its earlier investors.IREF VI has already committed INR 1,000 crore across 10 investments with leading developers within just 10 months of its first close. The fund has made these investments across mid-income housing projects of developers including Ajmera Realty and Runwal Enterprises in Mumbai, Ambuja Neotia Group in Kolkata, Casagrand Group and Radiance Realty in Chennai, Mantra Properties in Pune, BSafal Group in Ahmedabad, Bhagwati & Gami Group in Navi Mumbai and Candeur Group in Hyderabad.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.