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Enago acquires US-based RAx Labs Inc – to provide complete AI solutions for authors and publishers
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Enago acquires US-based RAx Labs Inc – to provide end-to-end AI solutions for all author and publis
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Small, medium realty developers find it hard to meet working-capital needs
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Motilal Oswal Real Estate achieves first close at Rs 650 cr for fifth realty fund
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Motilal Oswal Real Estate (MORE) has announced the first close of India Realty Excellence Fund V (IREF V), its fifth real estate fund. The Fund, launched with a target corpus of Rs 800 crore has received commitments aggregating Rs 650 crore.
Till date, MORE through its real estate funds and PMS/NCD investments has funded 89 projects via 68 investments and successfully exited 33 investments. With IREF V, MOREâs cumulative AUM is now over Rs 4,400 crore.
IREF V will focus on providing senior secured debt in post-approval projects. The Fund plans to deploy the capital in mid-income/ affordable residential projects across the top 7 cities in India while selectively investing in commercial projects.