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Motilal Oswal Alternates (MO Alts), the alternative investments division of Motilal Oswal Financial Services, has successfully raised over INR 1,750 crore for its sixth real estate fund, India Realty Excellence Fund VI (IREF VI). The fund targets early-stage investments in mid-income and affordable residential projects across India's top eight cities, including Mumbai, Delhi-NCR, and Bengaluru. With nearly 90% of its INR 2,000 crore target achieved, MO Alts has already committed INR 1,000 crore across projects in cities like Hyderabad and Chennai. The platform manages over INR 9,500 crore in real estate assets, reflecting its commitment to bridging the capital gap in the sector.
Motilal Oswal Alternates (MO Alts), the alternative investments arm of Motilal Oswal Financial Services, has successfully raised more than INR 1,750 crore for its India Realty Excellence Fund VI (IREF VI). This sixth real estate fund focuses on early-stage investments in mid-income and affordable residential developments across India's top eight cities, including Mumbai, Delhi-NCR, Pune, Bengaluru, Chennai, Hyderabad, Kolkata, and Ahmedabad. Advertisement
During this financial year, MO Alts committed approximately INR 1,300 crore to developers. Of this, INR 1,000 crore has been allocated to projects in Mumbai, Pune, Chennai, Hyderabad, and Kolkata under the IREF VI fund. These investments target mid-income housing projects in collaboration with developers such as Ajmera Realty, Runwal Enterprises, and Candeur Group, among others.
Saurabh Rathi, MD & Co-Head of real estate funds at MO Alts, expressed optimism about the sector, highlighting its resilience supported by robust economic conditions, stable interest rates, and government policies. He added that the residential market's growth in 2024 is expected to continue, driven by increasing home loans and infrastructure advancements.
The platform has made 11 successful exits from previous funds, generating robust returns amounting to INR 1,000 crore over the past year. Anand Lakhotia, MD & Co-Head of real estate funds, stated that IREF VI has committed INR 1,000 crore across 10 investments within 10 months of its initial close, with plans to complete fundraising within two months.
MO Alts launched the fund with a target corpus of INR 2,000 crore, securing investments from high-net-worth individuals, family offices, corporates, and returning investors. The company emphasised its focus on bridging the capital gap in early-stage projects and its commitment to partnering with established developers.
Currently, MO Alts manages six real estate funds, with a cumulative asset under management (AUM) exceeding INR 9,500 crore. The platform has made 168 investments and achieved 100 complete exits. Across all asset classes, MO Alts manages over USD 2 billion in AUM, showcasing its strong position in the alternative investments sector.
Motilal Oswal Alternates' consistent focus on early-stage real estate investments has strengthened its role as a key player in India's growing real estate sector. With nearly INR 2,000 crore targeted for IREF VI, the firm aims to bridge the financing gap in mid-income housing projects while delivering robust returns. Its extensive portfolio and successful exits underline its strategic approach, highlighting the sector's promising growth trajectory driven by favourable economic and policy conditions.
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