The alternative investments division of Motilal Oswal Financial Services Limited, known as Motilal Oswal Alternates (MO Alts), revealed on Wednesday that it has raised Rs 1,250 crore for the first closure of its sixth real estate fund, India Realty Excellence Fund VI (IREF VI).
Moneycontrol was informed by Saurabh Rathi, co-head of Real Estate at MO Alts, “We are expecting to close the first transaction in Bengaluru within two weeks. We have already signed three term sheets with Grade A developers in Bengaluru, Chennai, and Hyderabad.”
The investment business stated that the developers are members of the current partner base but did not provide any more information about them. With a greenshoe option, the company hopes to close the remaining portion of the fund by September of this year.
Furthermore, Rathi stated that the company anticipates raising additional capital after September 2025. Every two years, we usually search for more funding. Additionally, we plan to open 1.25 times as many new funds as the current pipeline.”
