Content creators mean business
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Motilal Oswal Real Estate (MORE) has raised a total of ₹1,150 crore for its fourth real estate fund, primarily from High Networth Individuals and family offices. MORE is part of Motilal Oswal Private Equity (MOPE), the alternative investments platform of Motilal Oswal Group.
“Investing in real estate is one of the Group’s core strategies and while we continue to focus on residential real estate, we will also evaluate investing in other asset classes as the sector transforms in the coming years,” said MOPE Managing Director and Chief Executive Officer Vishal Tulsyan.
The fund, India Realty Excellence Fund IV (IREF IV), will deploy the capital in mid-income and affordable residential projects and select commercial projects across the top six cities. MORE has already committed ₹550 crore across nine investments in Chennai, Pune, Hyderabad, and Ahmedabad from the fund.
IREF IV’s investment strategy is an extension of the investment strategy of MORE’s earlier two funds (IREF II and IREF III). MOPE has more than ₹7,000 crore of cumulative Assets Under Management (AUM), of which, 50 per cent is growth capital and remaining 50 per cent is for real estate. MORE has an AUM of ₹3,600 crore.
“Existing investors from our previous funds have provided commitments to this fund notwithstanding the NBFC crisis, during which we raised the IREF IV fund,” said Sharad Mittal, Director and CEO, MORE.
“With IREF IV, we have adequate dry powder to make new investments. However, considering the global outbreak of Covid-19 and its impact, we will maintain a cautious approach towards new investment commitments. At this point in time, our priority would be to focus on managing our existing portfolio,” Mittal added.
MORE has invested capital in the real estate sector through four real estate funds and through the PMS route.
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Paneer, once alien to the South, has found a lucrative market in Chennai
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Carriers claim that all measures — including pre-flight tests, cabin sanitisation and fresh air inflow — have ...
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
A virus swept aside 2020 plans to mark the 250th year of the birth of Beethoven. We need the German composer’s ...
On the day the oleander baby was born, there was a steady, happy drizzle. Madhu woke up feeling unsteady. The ...
Mr Pandya rose from his recently inherited Japanese swivel chair and walked to observe his recently inherited ...
Marie leaned back in the chair, holding the brandy to her chest, the rain tapping on the windowpanes. She ...
Social media influencers are flipping the rules by first getting followers and then launching products and ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor