Curation Team
NEW DELHI: Motilal Oswal Alternates (MO Alternates), the alternative investments arm of Motilal Oswal Group, has raised commitments aggregating to ₹2,000 crore through its sixth real estate fund – Indian Realty Excellence Fund VI (IREF-VI).
The capital for this fund has been raised from family offices, Indian HNIs and has also received commitments from offshore investors through the GIFT City route.
About 75% of the fund already committed across 15 diverse real estate projects spanning Mumbai, Pune, Chennai, Bengaluru, Hyderabad, and Kolkata. The fund’s portfolio is primarily focused on mid-income residential developments.
The company has already recorded its first exit from this IREF VI, with an internal rate of return (IRR) of 20.25%. Since the start of 2024, it, through its funds and co-investments, has committed over ₹2,500 crore across more than 35 real estate projects and achieved full exits from over 30 investments, with total divestments exceeding ₹2,200 crore.
The platform’s cumulative assets under management (AUM) in real estate now exceed ₹10,000 crore across six real estate funds and co-investments. The platform has made over 180 investments and secured more than 110 complete exits.
