Motilal Oswal Alternates Closes Sixth Real State Fund Of Rs 1750 Cr

Motilal Oswal Alternates (MO Alts), the alternative investment arm of Motilal Oswal Financial Services, has raised over ₹1,750 crore ($280 million) for its sixth real estate fund, India Realty Excellence Fund VI (IREF VI). The fund will focus on investments in India’s top eight cities.

This year, MO Alts has committed ₹1,300 crore to developers, with ₹1,000 crore allocated to projects in Mumbai, Pune, Chennai, Hyderabad, and Kolkata through this fund. Investments have been made in mid-income housing projects by developers like Ambuja Neotia in Kolkata, Casagrand Group and Radiance Realty in Chennai, Ajmera Realty and Runwal Enterprises in Mumbai, Mantra Properties in Pune, BSafal in Ahmedabad, Bhagwati & Gami in Navi Mumbai, and Candeur Group in Hyderabad.

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Commenting On New Fundraise

Saurabh Rathi, MD & Co-Head of real estate funds, MO Alts, said, “India’s real estate sector has shown remarkable resilience, underpinned by strong economic fundamentals, stable interest rates, and supportive government policies. In 2024, the residential market witnessed significant growth, a trend we expect to continue with increasing home loan deployments, declining interest rates, and infrastructure advancements. These favourable conditions align perfectly with our investment strategy and bolster our optimism for sustained growth in the sector.”

Vishal Tulsyan, Co-founder and Executive Chairman, MO Alts, said, “We see tremendous potential in bridging the capital gap at the early stages of real estate projects and have partnered with established developers in the country. As the sector continues its robust growth trajectory, we remain committed to delivering value and capitalizing on emerging opportunities.” 

MO Alts launched its sixth real estate fund with a target of ₹2,000 crore and raised this capital from high-net-worth individuals, family offices, and corporates, including previous investors. 

The platform currently manages six real estate funds and several standalone non-convertible debenture (NCD) investments, with total assets under management (AUM) in real estate exceeding ₹9,500 crore.

So far, MO Alts has made 168 investments and achieved 100 complete exits in real estate. Overall, the platform manages over $2 billion in AUM across various asset classes.

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