Motilal Oswal Real Estate plans to raise up to Rs 800 crore via fifth Realty Excellence Fund
IREF V to focus on construction finance in post-approval projects; Fund plans to deploy the capital in mid-income/ affordable residential projects across the top 7 cities in India
Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Financial Services, is looking to raise up to Rs 800 crore through its recently-launched fifth real estate fund India Realty Excellence Fund V (IREF V).
While the earlier three funds (IREF II, IREF III and IREF IV) focused on early-stage investments, IREF V would focus on construction finance in post-approval projects.