Motilal Oswal Financial’s step-down subsidiary invests Rs 350 crore in residential projects: Report

Motilal Oswal Real Estate (MORE), a step-down subsidiary of Motilal Oswal Financial Services has reportedly invested Rs 350 crore in residential projects of ATS Infrastructure, Shriram Properties, Kolte-Patil Developers, Casa Grande and Pate Developers. Out of total investment, about Rs 300 crore has been put in projects across Pune, Bengaluru, Noida and Chennai through Motilal Oswal Real Estate’s India Realty Excellence Fund III. The remaining has been invested through the India Realty Excellence Fund II. With these investments, MORE’s total assets under management have touched Rs 2000 crore. MORE is a subsidiary of Motilal Oswal Private Equity, an arm of Motilal Oswal Financial Services.

Motilal Oswal offers a wide range of financial services such as wealth management, broking and distribution, commodity broking, portfolio management services, institutional equities, private equity and investment banking services. It offers wealth management services under the name Purple.