Motilal Oswal's real estate arm to raise Rs 800 crore via fifth fund

The fund has been set up as an alternate investment fund, firm expects to achieve first close by March and conclude fundraising in the next 6-9 months

In one of the biggest fund raising for real estate sector, Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Financial Services, is looking to raise up to Rs 800 crore through its recently launched fifth real estate fund “India Realty Excellence Fund V (IREF V).”

The fund has been set up as an alternate investment fund (AIF Category II) registered with stock market regulator Sebi. MORE expects to achieve first close by March 2021 and conclude fundraising in the next 6-9 months.

While the earlier three funds focused on early-stage investments, IREF V would