 "Motilal Oswal Private Equity")
Motilal Oswal Real Estate (MORE), the real estate equity arm of Motilal Oswal Financial Services on Wednesday announced the first close of its recently launched fifth real estate fund “India Realty Excellence Fund V (IREF V).”
The Fund, which was launched with a target corpus of Rs 800 crore has received commitments aggregating Rs 650 crore, it said.
The 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 seven cities in India while selectively investing in commercial projects.
The India Realty Excellence
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