Bengaluru: Motilal Oswal Real Estate , the real estate investment arm of Motilal Oswal Private Equity Advisors Pvt.
Ltd (MOPE), has hit a pause on investments and decided to wait and watch, given the uncertainty of the current situation owing to the covid-19 crisis, said a top executive.
MOPE has made a final close of its Indian Realty Excellence Fund or IREF-IV at ₹1150 crore. It has already committed ₹550 crore across nine investments in Chennai, Pune, Hyderabad and Ahmedabad from the IREF IV fund.
The fund, which invests in mid-income residential projects and selectively in mid-sized commercial office projects, was launched in mid-2018, largely from high-networth investors and family offices.