Motilal Oswal Alternates ne apne **₹1,155 Crore** ke India Realty Excellence Fund IV (IREF IV) se full exit kar liya hai. Investor ka return **20.4% IRR** raha hai, jo ki kaafi tagda hai.
Kaisa raha fund ka performance?
Motilal Oswal Alternates ne apne 2020 mein launch hue ₹1,155 Crore wale IREF IV fund ka kaam poora kar liya hai. Total 37 investments ke zariye 7 cities mein inhone 20.4% ka portfolio IRR generate kiya. Jab market mein pandemic aur badhti hui costs ka pressure tha, tab bhi inhone achha result deliver kiya.
Kin developers ke saath kaam kiya?
Inka strategy clear tha: structured credit dena. Inhone Casagrand, Puravankara, aur Kolte Patil Developers jaise bade players ke saath partnerships ki. Jab banks ne loan dene mein hath khade kar diye the, tab inke alternative funding ne projects ko rukne nahi diya.
Kya abhi Real Estate mein risk hai?
Dekho bhai, 20.4% ka return sunne mein toh bahut sexy lagta hai, par real estate funds mein risk hota hai. Ye market cycles aur interest rates par bahut depend karta hai. Agar raw material mehnga hua, toh developer ke margin par pressure aata hai, jo seedha repayment ko effect karta hai. Iska liquidity bhi normal stocks se kam hota hai, matlab paisa thoda time ke liye lock ho jata hai.
Aage kya?
Ye inka teesra successful exit hai. Motilal Oswal Financial Services ab apne alternative investment division ko aur bada kar raha hai jo abhi $3 Billion se zyada manage kar raha hai. Ab sabki nazar inke naye fund, IREF VI, par hai ki kya wo bhi aise returns de payega ya nahi.