Motilal Oswal secures Rs 1,250 crore in first close for new AIF real estate fund
The fund, structured as an Alternative Investment Fund the first close (which is commonly referred to as an initial offer) saw participation from high net-worth individuals, non-resident Indians, and family offices/corporates.
The fund will scout for opportunities in real estate in Kolkata and seven other top cities of India including Mumbai, Delhi-NCR, Pune, Bangalore and Chennai. Image: Pexels