 "Motilal Oswal Private Equity")
Motilal Oswal, one of India’s largest financial institutions, has funded a sum of Rs 260 crore in Urbanrise - Alliance Group, South India’s largest real estate developer, for the company’s upcoming three major projects in Bangalore and Hyderabad.
The funds were raised towards three upcoming projects - 30 acresvilla project on Kanakapura Road, Bangalore, 7 acres high-rise apartment project in Whitefield, Bangalore and the 17.5 acres of high-rise apartment project in Nizampet, Hyderabad. The total saleable area in these three projects would extent to 6.2 million square feet and is expected generate a revenue of Rs 4,600 crore.
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