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Motilal Oswal Alternates commits INR 450 Cr with Shapoorji Pallonji Real Estate

Mumbai 28-Nov-2022

Motilal Oswal Alternates commits INR 450 Cr with Shapoorji Pallonji Real Estate

Mumbai 28th November 2022: Motilal Oswal Alternates (“MOA”), the alternative investments arm of Motilal Oswal Group has committed INR 450 Crore with Shapoorji Pallonji Real Estate. The investment has been made against two projects.

One of the projects is a partially completed, leased and operational commercial project located in Manesar. The other project is a residential township project which was launched in 2021 and has seen a positive sales response.

The investment, which has been made through structured debt instruments will be utilized towards working capital for the project, repayment of debt and to achieve financial closure.

MOA currently manages five real estate funds and multiple standalone NCD investments. MOA’s cumulative assets under management for real estate currently stands at more than INR 6,000 crore. In real estate, MOA has made more than 100 investments across 135+ projects and secured 50 complete exits.

Sharad Mittal, CEO of Real Estate Funds, MO Alternates said, “We have recently concluded a transaction with Shapoorji Pallonji Real Estate through our platform. This marks our first investment with SP Real Estate – one of the leading developers in India. The investment is in line with our strategy to partner with established and credible developers for their mid income housing projects. We hope that this investment forms a foundation of a long-standing partnership with Shapoorji Pallonji Real Estate.”

Venkatesh Gopalakrishnan, CEO of Shapoorji Pallonji Real Estate said, “We appreciate the investment made by Motilal Oswal Alternates in our projects. This exemplifies the company’s strong trust in our brand. The additional funding will strengthen our growth story even more by adding significant value to our project pipeline.”

About MOA - Real Estate

MO Alternate Investment Advisors Pvt. Ltd. (MOA) is the alternative investment arm of Motilal Oswal Financial Services Limited (MOFSL) comprising real estate and sector agnostic funds. MOA has been investing in the Indian real estate space since 2009. Having experienced multiple real estate cycles, MOA is a seasoned real estate private equity fund manager backed by a team which has a cumulative experience of 100+ years across all investment structures. MOA is currently managing five real estate funds, namely India Realty Excellence Fund (IREF), India Realty Excellence Fund II (IREF II), India Realty Excellence Fund III (IREF III), India Realty Excellence Fund IV (IREF IV) and India Realty Excellence Fund V (IREF V) along with NCD/ PMS/ Prop Investments. Today, cumulative AUM under MOA in real estate stands at more than INR 6,000 Cr. MOA through its funds have partnered with leading developers in India including Casagrand Builders, M3M/ Smartworld Group, Kolte Patil Developers, Shriram Properties, Phoenix Group, Ashwin Sheth Group, Marathon Group etc. in the past.

About Shapoorji Pallonji Real Estate (SPRE)

Shapoorji Pallonji Real Estate is a well-regarded, reputed player in the Indian real estate sector owing to its cutting-edge design innovation, construction quality, and architectural excellence. It constitutes a significant segment of the Shapoorji Pallonji Group, an enormous multi-business conglomerate. The group has more than 155 years of legacy that bridges the earliest celebrated structures of India and the modern marvels. With a development potential of over 113 million square feet, SPRE has made inroads into most Indian cities—Mumbai, Pune, Bangalore, Gurugram, and Kolkata—with a variety of developments, from luxury apartments and opulent residences to aspirational homes for mid-income homebuyers as well as one of the largest mass housing projects in India.

For Further Details Contact:
Rohini Kute
Head of Corporate Communications, Motilal Oswal Financial Services
Mail: rohini.kute@motilaloswal.com
Alpesh Nakrani
Paradigm Shift Public Relations