Motilal Oswal Real Estate has invested more than 300 crore with realty developers in Mumbai, Pune and Chennai through two of its funds. The investment is spread across three transactions, reports Economic Times.
Sharad Mittal, CEO of Motilal Oswal Real Estate, said: “Due to the tightening liquidity in the money market, fresh disbursements to developers have slowed down considerably.
While this has increased our deal flow over the past two months, we are being cautious and selective in our investments.”
“Our exits over the past 18 months are a result of this cautious approach. We believe that as the NBFCs and HFCs improve their asset-liability mismatches, the liquidity scenario will improve and the realty sector will receive the much needed funding.”