While realty sector may not be in the pink of health, investors are looking at the scenario as an opportunity and are preparing for a revival.
The latest fund raising was by Motilal Oswal Real Estate, the real estate arm of Motilal Oswal Private Equity , that has concluded raising `500 crore under its recently launched real estate fund India Realty Excellence Fund III.The Fund, launched in November 2015 with a target of raising `1,000 crore, has a tenure of five years from final close. Motilal Oswal Real Estate has already started committing money from the fund with target gross internal rate of return of 23-25% from its investments.
(source by:- The Times Of India)
Appetite for Indian Real Estate to Grow
