Motilal Oswal Real Estate invests in projects
Real estate private equity firm Motilal Oswal Real Estate (MORE) has invested Rs 350 crore in residential projects of ATS Infrastructure, Shriram Properties, Kolte-Patil Developers, Casa Grande and Pate Developers.
Of this, about Rs 300 crore has been put in projects across Pune, Bengaluru, Noida and Chennai through Motilal Oswal Real Estate’s India Realty Excellence Fund III.
“The deal pipeline is strong and we are focusing on partnering with developers with proven track record,” said Sharad Mittal, head-real estate fund at Motilal Oswal Real Estate.
“We believe real estate will remain as an asset classes, which will attract lot of capital in all forms. Given the capability set we are building, we see a large scale and opportunity for our group,” said Vishal Tulsyan, MD at Motilal Oswal Private Equity.