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Motilal Oswal invests 450cr into two Shapoorji Pallonji projects

#Taxation & Finance News
Last Updated : 13th Dec, 2022
Synopsis

The alternative investment arm of the Motilal Oswal Group, Motilal Oswal Alternates has pledged to invest a sum of Rs 450 crores into two projects in Gurugram being developed by Shapoorji Pallonji Real Estate (SPRE). Of the two projects, one is commercial project that has partially completed, leased and operational properties while the other is a residential township project that began construction in 2021.

The alternative investment arm of the Motilal Oswal Group, Motilal Oswal Alternates has pledged to invest a sum of Rs 450 crores into two projects in Gurugram being developed by Shapoorji Pallonji Real Estate (SPRE). Of the two projects, one is commercial project that has partially completed, leased and operational properties while the other is a residential township project that began construction in 2021.




This development marks the first collaboration with both companies. Shapoorji Pallonji Real Estate is a real estate behemoth with a presence in almost every metro city in the country. With over 110 million square feet under construction, the company is set to achieve new milestones in the coming years. Motilal Oswal Alternates currently manages five real estate funds and multiple standalone NCD investments. Its cumulative assets under management for real estate currently stands at more than Rs 6,000 crore.

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