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Motilal Oswal Alternates Exits Real Estate Fund with 20% Returns
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CNBC TV18•08-10-2026, 13:27
Motilal Oswal Alternates Exits Real Estate Fund with 20% Returns
- •Motilal Oswal Alternates has successfully exited its fourth real estate fund, India Realty Excellence Fund IV, after liquidating all 37 portfolio investments.
- •The ₹1,155 crore fund delivered a strong portfolio internal rate of return of 20.4% despite navigating pandemic challenges and market disruptions.
- •The fund provided structured capital to prominent developers such as Casagrand, Puravankara, and Kolte Patil Developers across seven cities.
- •With this exit, three of the firm's six real estate funds have now been completely wound down, while newer funds continue to deploy capital.
Key Questions Answered
Motilal Oswal Alternates fully exited its India Realty Excellence Fund IV (IREF IV) with a portfolio internal rate of return (IRR) of 20.4%.
The ₹1,155 crore fund invested with developers such as Casagrand, Puravankara, Kolte Patil Developers, Urbanrise, Phoenix, Rajapushpa, Ashwin Sheth, and Radiance Realty.
With the full exit of IREF IV following the closure of IREF II in April 2025, three of MO Alternates' six real estate funds have now been fully exited.
