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Tuesday, May 28, 2024

At the sixth real estate fund’s first closure, Motilal raises Rs 1,250 crore

<p>The first closure of India Realty Excellence Fund VI (IREF VI), the company’s sixth real estate fund, was announced on Wednesday by Motilal Oswal Alternates, the alternative investments division of Motilal Oswal Financial Services. According to the fund, pledges of Rs 1,250 crore were received at the first closure. The fund was established with a goal corpus of Rs 2,000 crore, which included a Rs 500 crore “green shoe” option.</p>
<p><img decoding=”async” class=”alignnone wp-image-432765″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-at-the-sixth-real-estate-funds-first-closure-motilal-raises-rs-1250-crore-rupee-pi-750×422.jpg” alt=”theindiaprint.com at the sixth real estate funds first closure motilal raises rs 1250 crore rupee pi” width=”1079″ height=”607″ title=”At the sixth real estate fund's first closure, Motilal raises Rs 1,250 crore 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-at-the-sixth-real-estate-funds-first-closure-motilal-raises-rs-1250-crore-rupee-pi-750×422.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-at-the-sixth-real-estate-funds-first-closure-motilal-raises-rs-1250-crore-rupee-pi-768×432.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-at-the-sixth-real-estate-funds-first-closure-motilal-raises-rs-1250-crore-rupee-pi-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-at-the-sixth-real-estate-funds-first-closure-motilal-raises-rs-1250-crore-rupee-pi-150×84.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-at-the-sixth-real-estate-funds-first-closure-motilal-raises-rs-1250-crore-rupee-pi.jpg 1024w” sizes=”(max-width: 1079px) 100vw, 1079px” /></p>
<p>With a primary concentration on mid-income/affordable residential developments in Mumbai, Delhi-NCR, Pune, Bangalore, Chennai, Hyderabad, Kolkata, and Ahmedabad, IREF VI will strategically concentrate on early-stage investments.</p>
<p>High net worth individuals, non-resident Indians, and family offices/corporates have all contributed money. An alternative investment fund (AIF Category II) has been established with IREF VI.</p>
<p>To far, Motilal Oswal Alternates has used five funds to make real estate investments. It has sponsored 50 developers with Rs 7,500 crore and made more than 150 projects. Additionally, it has sold off more than 85 assets and produced an internal rate of return on pre-approval wagers of more than 20%.</p>
<p>The biggest and quickest first closure for Motilal Oswal Alternates’ real estate funds was made, according to Vishal Tulsyan, MD and CEO. This successful fundraising effort in the midst of a rising stock market shows how much faith our investors have in our ability. We anticipate a time of substantial expansion in the real estate market, which gives us great optimism. By seizing several chances in the next years, we are dedicated to enhancing our standing as a top capital provider for the real estate industry.</p>

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