Rs 100 cr invested by Motilal Oswal realty PE in two projects
Recently Motilal Oswal, Real Estate Investment Advisors, said, it has invested Rs 100 crore in residential projects – one near Mumbai and two in Bangalore.
The company said in a statement, in the distant suburb of Ambernath the company closed its maiden investment from the India Realty Excellence Fund II in a forthcoming residential project being built by Ahuja Developers.
Promoted by the Mahaveer Group, the fund has invested in two residential projects in Bangalore at Yelahanka and Bommanahalli.
However, details of investments made in the projects were not given in the statement.
“With developers having proven track record both the transactions are in line with the fund’s strategy of doing mezzanine structures,” Sharad Mittal, director and head real estate investments at Motilal Oswal Real Estate, said.
Source: Zee News
Ahuja Developers, Ambernath, Bangalore, Bommanahalli, India Realty Excellence Fund II, Mahaveer Group, Motilal Oswal, Mumbai, Real Estate Investment Advisors, Residential projects, Sharad Mittal, Yelahanka
