Motilal Oswal Alternates (“MO Alternates”), the alternative investments arm of the Motilal Oswal Group, has successfully closed its sixth real estate fund — Indian Realty Excellence Fund VI (IREF-VI) — with total commitments of ₹2,000 crore, marking a significant milestone in India’s real estate credit ecosystem.

This fundraise represents a 65% increase over its predecessor and ranks among the largest and fastest capital raises in India’s domestic real estate credit space.

Fund Snapshot: Indian Realty Excellence Fund VI (IREF-VI)

Developer Partnerships (Select)

• Ajmera Realty
• Runwal Enterprises
• Ambuja Neotia Group
• Casagrand Group
• Radiance Realty
• Mantra Properties
• Assetz Group
• Akshar Group
• Bhagwati Group
• ASBL Group

Platform Performance & Track Record

Market Context & Strategic Outlook

India’s real estate credit market is undergoing a transformation, with rising land acquisition activity, limited traditional funding, and tightening regulations opening doors for alternative credit platforms. MO Alternates is strategically positioned to fill the funding gap with structured credit tailored to developer needs.

Leadership Speak

“Credit demand for land acquisition is accelerating, driven by renewed residential appetite, rising land values, and limited structured capital. We see significant headroom for calibrated growth.”
— Saurabh Rathi, MD & Co-Head (Real Estate), MO Alternates

“We are grateful for the continued trust of our investors. Our focus remains on performance, transparency, and consistent outcomes.”
— Anand Lakhotia, MD & Co-Head (Real Estate), MO Alternates

“This close reflects the trust placed in us by both domestic and international investors. Our domain expertise and governance framework continue to differentiate our platform.”
— Vishal Tulsyan, Co-founder & Executive Chairman, MO Alternates

Also Read: Rising property prices have boosted present homeowners’ home equity

The post Motilal Oswal Alternates Closes ₹2,000 Cr Real Estate Fund, Achieves 65% Growth Over Previous Fund appeared first on Square Feat India.

The redevelopment site is located in Shastri Nagar, an area originally developed by Ajmera Group. The company aims to leverage its existing presence in the region, reinforcing brand recognition while expanding its footprint in Mumbai’s growing micro-markets. The project will add an estimated 71,300 square feet of carpet area to the city’s housing stock.

Ajmera Realty has been expanding its portfolio through asset-light acquisitions and redevelopment projects, aligning with its broader strategy of inorganic growth. With this latest addition, the company has added four new projects with a total estimated value of ₹2,770 crores, moving closer to its fiscal growth targets.

Shastri Nagar is well-connected to key commercial and residential hubs in Mumbai, benefiting from metro connectivity, educational institutions, healthcare facilities, and retail centers. The company expects this location to attract homebuyers looking for modern urban living with accessibility to business districts.

Ajmera Realty Director, Dhaval Ajmera, said the redevelopment aligns with the company’s focus on revitalizing high-potential micro-markets through joint ventures (JV), joint development agreements (JDA), and redevelopment models. The company aims to enhance existing residential assets by upgrading infrastructure and creating modern living spaces.

SFI Analysis

Ajmera Realty’s focus on redevelopment projects highlights a growing trend in Mumbai’s real estate sector, where land scarcity and rising demand are driving large-scale redevelopment initiatives. By taking on projects in established residential areas like Andheri West, developers can cater to homebuyers seeking upgraded living spaces without moving away from prime locations.

The company’s asset-light strategy through JV and JDA models allows it to expand without significant capital investment, reducing financial risk. With multiple projects added to its pipeline, Ajmera Realty is positioning itself as a key player in Mumbai’s redevelopment landscape, competing with other firms capitalizing on the city’s aging housing stock.

Also Read: CREDAI-MCHI Launches Exhibition to Streamline Redevelopment in Mumbai

The post Ajmera Realty Secures Redevelopment Project in Andheri West, Targets ₹320 Crore Revenue appeared first on Square Feat India.

The company recorded a sales value of INR 270 crore for Q3 FY25, marking a 7% year-on-year (YoY) growth compared to INR 253 crore in Q3 FY24. The growth in sales was fueled by the successful launch of Ajmera Iris, a premium residential project in Bengaluru, which saw 47% of its inventory sold within the quarter.

Ajmera Realty’s performance in the third quarter was further reinforced by its steady collection figures, which rose by 10% YoY to INR 167 crore, up from INR 151 crore in the same period last year. This growth in collections reflects strong customer payouts, and the company’s ability to convert sales into cash flow.

The total carpet area sold during Q3 FY25 grew by 59% YoY to 1,65,116 square feet, compared to 1,03,573 square feet in Q3 FY24. The company also showed strong growth in its nine-month performance (9M FY25), with sales value increasing by 14% to INR 830 crore, up from INR 730 crore in the corresponding period of FY24. Likewise, collections for the nine-month period surged 25%, reaching INR 464 crore, compared to INR 373 crore last year.

One of the key contributors to the sales performance was the Ajmera Vihara project, which achieved 61% sales in the first nine months of FY25. The launch of new projects like Ajmera Iris and the limited inventory available in ongoing projects have been pivotal in maintaining sales momentum throughout the year.

Commenting on the company’s performance, Mr. Dhaval Ajmera, Director at Ajmera Realty & Infra India Ltd, said, “In Q3 FY25, Ajmera Realty delivered a steady performance, with sales driven by our recently launched portfolio and limited inventory availability across projects. The velocity of our launched portfolio contributed over 40% to our sales during the nine-month period, demonstrating our ability to align with market expectations.”

Looking ahead, Mr. Ajmera expressed optimism about the upcoming quarters. He highlighted that the company is well-capitalized following a recent successful preference issue and that the easing of interest rates, coupled with improved macroeconomic conditions, is expected to bolster the real estate sector. “As we progress through CY25, we anticipate robust sales growth supported by easing rates and improving market sentiment,” he added.

With an ambitious target of achieving 5x growth in the coming years, Ajmera Realty is poised to capitalize on emerging market opportunities, focusing on delivering value to stakeholders while maintaining its position as a key player in India’s real estate sector.

Also Read: 59 Land Deals for 2,018+ Acres Closed Across India in 2023 YTD

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The RBI today increased the repo rate by 50 bps, the quantum of the rate hike was on the upper end of the market expectations. The central bank has also tweaked its policy stance to withdraw the accommodative policy, ending the easy liquidity policy.

The RBI inflation trajectory above 6.5% is a cause of concern, but the big announcement was raising the limit of loans for the State Co-operative Banks and District Central Co-operative Banks to the housing sector. The housing sector is a capital-intensive business, these measures will address the growing need for affordable housing, providing easy and higher limits with enough funding avenues for the projects. It will improve credit flow to the sector and also act as a boost for housing projects in the rural areas, thereby ensuring the recovery in all pockets of the country.

While developers expect rationalization of increase in key input cost like steel and cement, coupled with interest rate reversal in home loan from a decade low rates may help the real estate sector to remain in the stable price regime.

Also Read: RBI makes Real Estate Happy for 10th Consecutive time

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