Motilal Oswal realty PE invests Rs 100 cr in two projects
Quotes

Motilal Oswal realty PE invests Rs 100 cr in two projects

Last Updated: Thursday, April 03, 2014, 22:31
 
 Comment 0
 
Motilal Oswal realty PE invests Rs 100 cr in two projects
Mumbai: Motilal Oswal Real Estate Investment Advisors on Thursday said it has invested Rs 100 crore in residential projects - one near Mumbai and two in Bangalore.

The company closed its maiden investment from the India Realty Excellence Fund II in an upcoming residential project being built by Ahuja Developers in the distant suburb of Ambernath, the company said in a statement.

In Bangalore, the fund has invested in two residential projects at Yelahanka and Bommanahalli promoted by the Mahaveer Group.

However, the statement did not give details of investments made in the projects.

"Both the transactions are in line with the fund's strategy of doing mezzanine structures with developers having proven track record," Sharad Mittal, director and head real estate investments at Motilal Oswal Real Estate, said.



PTI

First Published: Thursday, April 03, 2014, 22:31


Comments


comments powered by Disqus
India`s top ten billionaires
India`s top ten billionaires
Pradhan Mantri Jan Dhan Yojana - In Pics
Pradhan Mantri Jan Dhan Yojana - In Pics
Apple Smartwatch unveiled
Apple Smartwatch unveiled
Apple iPhone 6, iPhone 6 plus
Apple iPhone 6, iPhone 6 plus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved