India: Motilal Oswal Real Estate hits first close of new fund at $86.6m

India: Motilal Oswal Real Estate hits first close of new fund at $86.6m

Motilal Oswal Real Estate (MORE), the realty-focused private equity arm of Motilal Oswal Financial Services Ltd, has achieved the first close of India Realty Excellence Fund V (IREF V), its fifth real estate fund. The fund, launched with a target corpus of 800 crore, has received commitments of around 650 crore.

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