Motilala Oswal to to raise fund for residential projects
Motilal Oswal Private Equity Advisors Pvt. Ltd plans to raise around Rs.500-600 crore to invest in residential projects in large cities.
This new fund will be Motilal Oswal’s second in the real estate space. It had earlier raised Rs.200 crore under the India Realty Excellence Fund (IREF) in 2009.
This time around, Motilal Oswal wants to target high-networth investors (HNIs) and institutional investors for the new property fund.
The company sources state that institutional investors are crucial because the new alternate investment fund guidelines have raised the minimum ticket size for investments to Rs.1 crore from Rs.25 lakh and it would be difficult for the company to rely solely on high-networth investors.
high-networth investors (HNIs), HNI, India Realty Excellence Fund (IREF), institutional investors, minimum ticket size, Motilal Oswal Private Equity Advisors Pvt. Ltd, property fund, Real estate in India, Residential projects
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