Motilal Oswal Real Estate achieves first close at Rs.650 bn for IREF
01 Jul 2021
Motilal Oswal Real Estate (MORE) has announced the first close of India Realty Excellence Fund V (IREF V), its fifth real estate fund. The fund, launched with a target corpus of Rs 8 bn, has received commitments aggregating Rs.6.5 bn. IREF V will focus on providing senior secured debt in post-approval projects. The fund plans to deploy the capital in mid-income/affordable residential projects across the top seven cities in India while selectively investing in commercial projects. IREF V would undertake 12-15 transactions over its entire fund life.
Contact: Motilal Oswal Real Estate.
Tel: 022-3980 4200.
Website: www.motilaloswalre.com
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