Motilal Oswal Alternates to launch funds worth around Rs 20 bn
Real Estate

Motilal Oswal Alternates to launch funds worth around Rs 20 bn

Motilal Oswal Alternates (MOA), an asset management platform, is expected to launch a new fund with a corpus of around Rs 20 billion by March of this year. During this fiscal year, the company has recently committed a similar corpus for real estate projects. Moreover, during the first nine months of FY23, the company made 14 profitable exits worth 850 crore.

Sharad Mittal, chief executive of real estate funds at MO Alternates, said, "In addition to the money already committed, we plan to launch a new ₹20-billion fund towards the end of this fiscal. That apart, we have also plans to commit another ₹5 billion through the remainder of the current financial year,".

Mittal also revealed that the fund saw 14 profitable exits totaling 850 crore in 9MFY23.

Mittal stated in the report that MOA's investment commitments cover residential and commercial projects in Mumbai, Pune, Bangalore, Chennai, Hyderabad, and Delhi-NCR.

These investments will be made with numerous businesses, including Shapoorji Pallonji in Pune, Casagrand Group and Arihant Group in Chennai, M3M/Smartworld Group in Delhi-NCR, Marathon Group in Mumbai, Puravankara Group, Casagrand Group, Alliance Group and Pacifica Group in Bengaluru, Honer Homes and Alliance Group in Hyderabad, and Casagrand Group and Pacifica Group in Pune.

For the affordable/mid-income segments across these cities, it is important to highlight that the residential project is a mixture of villas and flats.

Five real estate funds and numerous stand-alone NCD assets are now managed by MOA.

According to Mittal, MOA presently has more than $6,500 crore in total real estate assets under management. In the real estate sector, MOA has invested more than 110 times across more than 149 projects and has secured almost 55 full exits.

Shapoorji Pallonji Real Estate received a 4.5 billion commitment from MOA in November of last year. Two projects were used as the basis for the investment. The money invested through structured debt instruments will be used for the project's working capital, loan repayment, and attaining financial close.

The alternative investment division of Motilal Oswal Financial Services, or MOA, offers funds for real estate and other industries. Since 2009, MOA has made investments in the Indian real estate market.

In the past, MOA has collaborated through its funds with top Indian developers such as Casagrand Builders, M3M/ Smartworld Group, Kolte Patil Developers, Shriram Properties, Phoenix Group, Ashwin Sheth Group, Marathon Group, etc.

See also:
HDFC Capital garners $376 million for affordable projects
Prestige Group plans to set up $500 million investment funds


Motilal Oswal Alternates (MOA), an asset management platform, is expected to launch a new fund with a corpus of around Rs 20 billion by March of this year. During this fiscal year, the company has recently committed a similar corpus for real estate projects. Moreover, during the first nine months of FY23, the company made 14 profitable exits worth 850 crore. Sharad Mittal, chief executive of real estate funds at MO Alternates, said, In addition to the money already committed, we plan to launch a new ₹20-billion fund towards the end of this fiscal. That apart, we have also plans to commit another ₹5 billion through the remainder of the current financial year,. Mittal also revealed that the fund saw 14 profitable exits totaling 850 crore in 9MFY23. Mittal stated in the report that MOA's investment commitments cover residential and commercial projects in Mumbai, Pune, Bangalore, Chennai, Hyderabad, and Delhi-NCR. These investments will be made with numerous businesses, including Shapoorji Pallonji in Pune, Casagrand Group and Arihant Group in Chennai, M3M/Smartworld Group in Delhi-NCR, Marathon Group in Mumbai, Puravankara Group, Casagrand Group, Alliance Group and Pacifica Group in Bengaluru, Honer Homes and Alliance Group in Hyderabad, and Casagrand Group and Pacifica Group in Pune. For the affordable/mid-income segments across these cities, it is important to highlight that the residential project is a mixture of villas and flats. Five real estate funds and numerous stand-alone NCD assets are now managed by MOA. According to Mittal, MOA presently has more than $6,500 crore in total real estate assets under management. In the real estate sector, MOA has invested more than 110 times across more than 149 projects and has secured almost 55 full exits. Shapoorji Pallonji Real Estate received a 4.5 billion commitment from MOA in November of last year. Two projects were used as the basis for the investment. The money invested through structured debt instruments will be used for the project's working capital, loan repayment, and attaining financial close. The alternative investment division of Motilal Oswal Financial Services, or MOA, offers funds for real estate and other industries. Since 2009, MOA has made investments in the Indian real estate market. In the past, MOA has collaborated through its funds with top Indian developers such as Casagrand Builders, M3M/ Smartworld Group, Kolte Patil Developers, Shriram Properties, Phoenix Group, Ashwin Sheth Group, Marathon Group, etc. See also: HDFC Capital garners $376 million for affordable projects Prestige Group plans to set up $500 million investment funds

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