Motilal Oswal Realty Arm Raises Rs 440 Cr – The Economic Times – 21-Nov-2014
November 21, 2014 - Uncategorized
Motilal Oswal Real Estate, an arm of Motilal Oswal Private Equity, has raised Rs 440 crore through its second property fund after exercising greenshoe option, a top company executive said. India Realty Excellence Fund (IREF) II will primarily invest in mid-income residential projects in Mumbai Metropolitan Region, National Capital Region, Bengaluru and Pune.
This follows the recent exit of the company’s first fund, worth Rs 100 crore, from residential projects of Godrej PropertiesBSE 4 ..