Motilal Oswal real estate PE arm achieves first close of fifth fund
May 20, 2021
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The fund, launched with a target corpus of ₹800 crore, has received commitments totalling ₹650 crore
Motilal Oswal Real Estate (MORE), the real estate private equity arm of Motilal Oswal Financial Services Ltd, has achieved the first close of its fifth real estate fund, India Realty Excellence Fund V (IREF V).
The fund, launched with a target corpus of ₹800 crore, has received commitments totalling ₹650 crore, it said in a statement.
Earlier in January, MORE said it was looking to raise up to ₹800 crore through its fifth real estate fund.
Wipro Q3 net rises 21% to ₹2,968 cr; expects Q4 revenue growth at 1.5%-3.5%
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Total revenue rose marginally to ₹15,670 crore in Q3FY21
Wipro CEO Thierry Delaporte says company saw second straight quarter of strong performance and that revenue growth is at upper end of their guidance
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IT software giant Wipro on Wednesday reported 21% rise in consolidated net profit at ₹2,968 crore for the quarter ending 31 December, 2020. It was ₹2,456 crore in the year-ago period.
Total revenue rose marginally to ₹15,670 crore in Q3FY21. Wipro expects revenue from its IT Services business to be in the range of $2,102-$2,143 million, which translates to a sequential growth of 1.5% to 3.5%.
IT cities will see a faster turnaround in terms of unsold housing stock
December 29, 2020
Sharad Mittal, CEO, Motilal Oswal Real Estate Fund×
Affordable housing continues to do well, says Sharad Mittal, CEO, Motilal Oswal Real Estate Fund
Residential sales are witnessing recoveries and have returned to pre-Covid levels after a tumultuous few months. People are stepping out and visiting sites. Branded developers in mid-range markets are witnessing some traction. Amid all these, prices have remained range-bound, says Sharad Mittal, CEO, Motilal Oswal Real Estate Fund.
For commercial real estate, new absorptions will depend on how the work from home (WFH) scenario and company policies around it play out over the next year, he adds.