Motilal Oswal Alternates (MO Alts), the alternative investments division of Motilal Oswal Financial Services, has raised over Rs 1,750 crore for its sixth real estate fund, India Realty Excellence Fund VI (IREF VI). The fund is set to focus on real estate investments across eight major cities in India, aligning with the sector’s growth trajectory.
MO Alts has committed approximately Rs 1,300 crore to real estate developers during this financial year, with Rs 1,000 crore already allocated to projects in cities such as Mumbai, Pune, Chennai, Hyderabad, and Kolkata. The investments primarily target mid-income housing projects developed by reputed players, including:
Anand Lakhotia, Managing Director and Co-Head of Real Estate Funds at MO Alts, highlighted the favorable market conditions driving the fund’s strategy. Key factors include increasing home loan uptake and lower interest rates. Co-Head Saurabh Rathi added that IREF VI has already committed Rs 1,000 crore across 10 investments within ten months of its first close, with additional opportunities under consideration.
The firm’s real estate investments portfolio includes over 168 projects, with 100 exits successfully completed. Its cumulative assets under management (AUM) exceed Rs 9,500 crore. IREF VI fundraising is nearing completion, with nearly 90% of its target fund size already secured. MO Alts has also achieved strong returns from earlier funds, exiting 11 projects and generating Rs 1,000 crore in the past year.
Vishal Tulsyan, Co-founder and Executive Chairman of MO Alts, emphasized the company’s focus on bridging the capital gap in early-stage real estate projects and collaborating with established developers nationwide. As the real estate sector continues its upward trajectory, MO Alts aims to strengthen its position by capitalizing on emerging opportunities.
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By Proptechbuzz
By Ravi Kumar
