Motilal Oswal Alternates to launch $267m real estate fund by March

Motilal Oswal Alternates (MOA) has unveiled plans to launch a new INR 2,000 crore ($266.8 million) real estate fund by the end of  March 2023, according to several news reports.

The company has made 14 profitable exits worth INR 850 crore ($113.4 million) during the first nine months of fiscal year 2023 and plans to commit an additional INR 500 crore ($66.7 million) through the remainder of the current financial year.

MOA's investment commitments are for residential and commercial projects in the cities of Mumbai, Pune, Bangalore, Chennai, Hyderabad and Delhi-NCR, according to Sharad Mittal, CEO of real estate funds at MOA. The residential projects include a mix of villas and apartments for the affordable and mid-income segments across these cities.

MOA currently manages five real estate funds and has more than INR 6,500 crore ($867 million) of cumulative real estate assets under management. MOA has made more than 110 real estate investments spanning 149 projec