Tag: motilal oswal alternates

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Assetz Purchases 11.5 Acres in East Bengaluru

Representative image NEW DELHI: Bengaluru-based Assetz has acquired an 11.5-acre land parcel on the Old Madras Road (OMR)/Hoskote Highway in East Bengaluru. The company intends to develop a luxury residential community with an estimated gross development value (GDV) exceeding ₹1,400 crore. This strategic acquisition, which includes a joint development with Vanshee Builders & Developers, is backed by a funding partnership with Motilal Oswal Alternates. The project will encompass 1.4 million sq ft of saleable built-up area (SBA), offering about 800 units. Sunil Pareek, executive director of the company, stated, “In the last two years, we have built a pipeline of…

IndustryLatest Stories

Motilal Oswal Alternates Raises ₹2,000 Crore for Real Estate Fund

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…