NEW DELHI: Motilal Oswal Alternates (MO Alternates), the alternative investments division of Motilal Oswal Group, has secured commitments totaling ₹2,000 crore through its sixth real estate fund – Indian Realty Excellence Fund VI (IREF-VI).
This funding has been sourced from family offices, Indian high-net-worth individuals (HNIs), and overseas investors via the GIFT City channel.
Approximately 75% of the fund is already allocated across 15 diverse real estate projects, covering cities such as Mumbai, Pune, Chennai, Bengaluru, Hyderabad, and Kolkata. The fund primarily targets mid-income residential projects.
The company has celebrated its first exit from IREF-VI, achieving an internal rate of return (IRR) of 20.25%. Since the beginning of 2024, it has committed over ₹2,500 crore across more than 35 real estate projects, completing exits from over 30 investments, totaling more than ₹2,200 crore.
The platform’s cumulative assets under management (AUM) in real estate have now surpassed ₹10,000 crore, spread across six real estate funds and additional co-investments. To date, the platform has executed over 180 investments and achieved more than 110 full exits.
