Motilal Oswal Raises Rs 17.5 Billion for Sixth Real Estate Fund

09 Jan 2025 CW Team

Motilal Oswal Alternates (MO Alts), the alternative investments division of Motilal Oswal Financial Services, has raised over Rs 17.5 billion for its sixth real estate fund, India Realty Excellence Fund VI (IREF VI). The fund focuses on investments in mid-income housing projects across India’s top eight cities, including Mumbai, Pune, Chennai, Hyderabad, and Kolkata.

This financial year, MO Alts has committed around Rs 13 billion to developers, with Rs 10 billion invested through IREF VI. The fund has partnered with developers such as Ajmera Realty, Runwal Enterprises, Ambuja Neotia Group, Casagrand Group, Radiance Realty, Mantra Properties, BSafal Group, Bhagwati & Gami Group, and Candeur Group.

Saurabh Rathi, MD & Co-Head of Real Estate Funds at MO Alts, emphasised the sector’s resilience, supported by strong economic fundamentals, stable interest rates, and government policies. He highlighted the growth in the residential market, driven by increasing home loan deployments and infrastructure advancements, aligning with the fund’s investment strategy.

IREF VI has already committed Rs 10 billion across 10 projects within 10 months of its first close and aims to complete fundraising in the next two months, according to Anand Lakhotia, MD & Co-Head of Real Estate Funds at MO Alts.

MO Alts has also made 11 successful exits from its previous funds, generating robust returns of Rs 10 billion in the last year. The platform manages six real estate funds and multiple non-convertible debenture (NCD) investments, with cumulative real estate assets under management (AUM) exceeding Rs 95 billion.

Overall, Motilal Oswal Alternates manages more than $2 billion in assets across various investment classes, having completed 168 real estate investments with 100 successful exits to date.

(ET)

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