India Realty Excellence Fund II LLP (IREF II), managed by Motilal Oswal Real Estate Investment Advisors, today said it has made two investments worth Rs 100 crore in the country.
One investment was in Mumbai with Ahuja Developers and another in Bangalore with Mahaveer Group.
Motilal Oswal has made its maiden investment from IREF II with Ahuja Developers in their upcoming residential project Prasadam at Ambernath (E) on the outskirts of Mumbai.
In Bangalore the Fund has invested with Mahaveer Group in two residential projects located in Yelahanka and Bommanahalli. Yelahanka, in north Bangalore. The second project is located at Bommanahalli in south Bangalore, which is an established mid-income residential location with social infrastructure in place. “Both the transactions are in line with the Fund’s strategy of doing Mezzanine structures with developers having proven track record. We are glad to associate with credible names like Ahuja and Mahaveer,” said Sharad Mittal, Director & Head Real Estate Investments, Motilal Oswal Real Estate (MORE)
Vishal Tulsyan, MD & CEO, MOPE Investment Advisors said, “Real Estate is one of our focus areas, where we see good opportunity for generating alpha returns for our investors.”
