Motilal Oswal Alternates (MO Alts), the alternative investment arm of Motilal Oswal Financial Services, has successfully raised over Rs 1,750 crore for its sixth real estate fund, India Realty Excellence Fund VI (IREF VI). The fund is designed to invest in eight cities of India, including Mumbai, Pune, Kolkata, and others.

In the current financial year, MO Alts has committed around Rs 1,300 crore to developers, with Rs 1,000 crore directed towards projects in Mumbai, Pune, Chennai, Hyderabad, and Kolkata. The fund has already made investment in mid-income housing projects with developers such as Ajmera Realty, Runwal Enterprises, Ambuja Neotia Group, and others.

MD & Co-Head of Real Estate Funds at MO Alts, Saurabh Rathi highlighted the strong growth in India's real estate sector, driven by “strong economic fundamentals, stable interest rates, and supportive government policies.” In addition to the new fund, MO Alts has achieved more than 11 exits from earlier funds, generating robust returns of Rs 1,000 crore over the past year.

MD & Co-Head of Real Estate Funds, Anand Lakhotia, said that IREF VI had already committed Rs 1,000 crore in just 10 months and had nearly secured 90 percent of its target corpus of Rs 2,000 crore. The final fundraising is expected to conclude in the next two months. The fund has attracted capital from high-net-worth individuals, family offices, and corporates, including previous investors. 

MO Alts currently manages six real estate funds with a cumulative AUM exceeding Rs 9,500 crore. The platform’s investments have resulted in 168 investments and 100 complete exits to date, with overall assets under management (AUM) across asset classes surpassing USD two billion.