Torbit Spotlight about Real Estate fund @Torbit Realty

Rs 2000 Crore New?Real Estate Fund?

Motilal Oswal Financial Services Ltd Alternates is raising up to Rs 2000 crore through its recently launched real estate fund- ‘India Realty Excellence Fund VI (IREF VI). The fund will focus on early stage investments in mid-income /affordable residential projects across India’s top 8 cities including Delhi-NCR, Pune, Bangalore, Chennai , Hyderabad, Kolkata and Ahmedabad. Additionally, selective investments in commercial projects will be pursued. Set up as an AIF Category II? SEBI registered fund, it expects to achieve? first close by December 2023 and complete the fund raising process within the following 6-9 months.

In a related development, co-working firm , BHIVE Workspace has launched a co-working focused Rs 400 crore CAT2 alternate investment fund. The fund will acquire fully completed commercial real estate properties at prime locations , offering a unique investment opportunity? to HNIs, with a minimum investment of Rs one crore.

Read the full insight: https://www.torbitconsulting.com/torbit-spotlight-20-august-2023/