Motilal Oswal Alternates Exits Rs. 11.55 bn Real Estate Fund
ECONOMY & POLICY

Motilal Oswal Alternates Exits Rs. 11.55 bn Real Estate Fund

Motilal Oswal Alternates has fully exited its fourth real estate fund, India Realty Excellence Fund IV, after selling all 37 investments in the portfolio. The fund delivered a portfolio internal rate of return (IRR) of 20.4 per cent, according to the investment platform.

The Rs. 11.55 bn fund, which had a 2020 vintage, provided structured capital to established developers at the pre-approval stage. It invested across seven cities and included projects associated with Casagrand, Puravankara, Kolte Patil Developers, Urbanrise, Phoenix, Rajapushpa, Ashwin Sheth and Radiance Realty.

The fund operated through the COVID-19 pandemic, higher interest rates, rising input costs and geopolitical disruptions. These conditions affected the real estate sector through weaker sales and collections, funding constraints and project delays, but the fund completed exits across its entire portfolio.

The full exit follows the closure of India Realty Excellence Fund II in April 2025, which delivered a portfolio IRR of 18.3 per cent. With the completion of IREF IV, three of MO Alternates’ six real estate funds have been fully exited, while two others have made significant payouts to investors and are progressing towards full exits.

The platform’s latest vehicle, India Realty Excellence Fund VI, is in its investment phase and is deploying capital across selected residential projects with established developers. Across its real estate platform, MO Alternates said it has funded the development of more than 100 mn square feet through six real estate funds, its wholesale and proprietary book. The platform has cumulative assets under management of more than Rs. 110 bn, with over 200 investments and more than 150 completed exits.

Motilal Oswal Alternates has fully exited its fourth real estate fund, India Realty Excellence Fund IV, after selling all 37 investments in the portfolio. The fund delivered a portfolio internal rate of return (IRR) of 20.4 per cent, according to the investment platform. The Rs. 11.55 bn fund, which had a 2020 vintage, provided structured capital to established developers at the pre-approval stage. It invested across seven cities and included projects associated with Casagrand, Puravankara, Kolte Patil Developers, Urbanrise, Phoenix, Rajapushpa, Ashwin Sheth and Radiance Realty. The fund operated through the COVID-19 pandemic, higher interest rates, rising input costs and geopolitical disruptions. These conditions affected the real estate sector through weaker sales and collections, funding constraints and project delays, but the fund completed exits across its entire portfolio. The full exit follows the closure of India Realty Excellence Fund II in April 2025, which delivered a portfolio IRR of 18.3 per cent. With the completion of IREF IV, three of MO Alternates’ six real estate funds have been fully exited, while two others have made significant payouts to investors and are progressing towards full exits. The platform’s latest vehicle, India Realty Excellence Fund VI, is in its investment phase and is deploying capital across selected residential projects with established developers. Across its real estate platform, MO Alternates said it has funded the development of more than 100 mn square feet through six real estate funds, its wholesale and proprietary book. The platform has cumulative assets under management of more than Rs. 110 bn, with over 200 investments and more than 150 completed exits.

Related Stories

Gold Stories

Next Story
Equipment

Terex to Acquire Keestrack, Expanding Crushing Portfolio

Terex Corporation has signed a definitive agreement to acquire Keestrack, a manufacturer of mobile crushing, screening and related equipment for the aggregates, recycling, construction and demolition industries. Financial terms were not disclosed.Founded in Belgium in 1988, Keestrack serves customers in more than 65 countries through a network of over 70 distributors. The acquisition will expand Terex Materials Processing’s crushing and screening portfolio and add manufacturing and distribution capabilities.After completion, Keestrack will continue as an independent brand within the Terex Ma..

Next Story
Infrastructure Energy

IES Taskforce Reviews Final Report on Power-Sector Digital Platform

The India Energy Stack (IES) Taskforce has reviewed its Final Report in New Delhi. The document sets out a strategy, architecture, governance framework and pathway to scale IES as digital public infrastructure for India’s power sector. The Ministry of Power constituted the Taskforce in June 2025.The report was presented by Prince Dhawan, Executive Director, REC Limited, and Swetha Ravi Kumar, Executive Director, FSR Global. Dr Ram Sewak Sharma, Chairperson of the Taskforce, outlined the way forward.IES is a common set of open standards and protocols designed to let utilities, regulators, mar..

Next Story
Infrastructure Urban

LANXESS, HINCOL Partner on Road Construction Technologies

LANXESS India and Hindustan Colas Private Limited (HINCOL) have signed a Memorandum of Understanding to assess technical and commercial opportunities in bitumen and asphalt modification for India’s infrastructure market.The companies will conduct laboratory and commercial-scale evaluations of Addipave CR 36, LANXESS’ cross-linking technology for polymer-modified bitumen (PMB). LANXESS will provide the product, technical expertise and trial support, while HINCOL will contribute testing facilities, operational support and performance assessments under local conditions. The trials will examin..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code