Motilal Oswal Real Estate aims to raise Rs 1,500 crore

Motilal Oswal Real Estate aims to raise Rs 1,500 crore
15/05/2018 , by , in News/Views

Private equity real estate fund Motilal Oswal Real Estate (MORE) is looking to raise up to Rs 1,500 crore through its fourth fund India Realty Excellence Fund IV (IREF IV) to invest in mid-income and affordable housing.

MORE is aiming to achieve first close of its fourth fund by August and conclude the fundraising over the next 9-12 months. Last year, the fund raised over Rs 1,000 crore of which about 80% has already been deployed across 13 transactions.

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