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Motilal Oswal Real Estate raises Rs 1,150 cr; commits Rs 550 cr investment in 9 projects
FirstpostMotilal Oswal Real Estate has raised Rs 1,150 crore for its fourth realty fund from HNIs to invest in housing and commercial projects across six major cities, and has committed of around Rs 550 crore in nine projects from this fund, a senior company official said New Delhi: Motilal Oswal Real Estate has raised Rs 1,150 crore for its fourth realty fund from HNIs to invest in housing and commercial projects across six major cities, and has committed of around Rs 550 crore in nine projects from this fund, a senior company official said. “We have raised Rs 1,150 crore for our fourth fund during a very challenging period,” MORE Director and CEO Sharad Mittal told PTI. The company has already made an investment commitment of around Rs 550 crore in nine projects from this fourth fund, he added. Vishal Tulsyan, MD & CEO, MOPE said, “In our private equity business, we manage an AUM of more than Rs 7,000 crore, of which 50 percent is growth capital and 50 percent is real estate.
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