 "real estate, housing")
Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Group, has exited from its investment in a project being developed by Kolte Patil Developers in Pune.
MORE had invested Rs 58 crore through its funds IREF II and IREF III in December 2015 by taking an equity stake in the project and has now exited with an IRR of more than 23 per cent.
Kolte Patil is a real estate developer having operations in Pune, Mumbai and Bangalore markets. The investment was made through two funds - India Realty Excellence Fund II (IREF II) and India Realty
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