Motilal Oswal group’s real estate private equity arm Motilal Oswal Real Estate is to launch its third real estate fund, targeting to raise up to Rs 1,000 crore. The majority of this fund will be raised from high networth individuals and family offices.
The fund has been set up as a SEBI registered AIF Category II Fund and has already received the requisite approvals, the company said in a statement.
“The real estate sector is going through a consolidation phase and prices are expected to remain stagnant for some time. This is the correct time for investors to invest through indirect investing, as we participate in the project profits rather than banking completely on the future price rise,” said Sharad Mittal, Director and Head, Real Estate Fund at MORE.
The fund will primarily deploy capital in residential projects by established developers in Mumbai Metropolitan Region (MMR), National Capital Regions (NCR), Bangalore, Pune, Chennai and Hyderabad.
It will target to undertake 10-12 transactions with deal sizes ranging from Rs 80 crore to Rs 120 crore.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.