The firm plans to raise the remaining $150 million from global asset managers, sovereign wealth funds, and Indian financial institutions, aiming for a final close by October.
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).