The investment comes at a time when the housing sector is facing a slowdown in sales and a squeeze in liquidity from non-bank lenders.

The investments have been made from MOPE’s Indian Realty Excellence Fund or IREF-IV. The fund, which invests in mid-income residential projects and selectively in mid-sized commercial office projects, is in the last lap of raising capital. It has raised ₹1,100 crores since it was launched in mid-2018, largely from high-net-worth investors and family offices, and is expected to make a final close at ₹1,200 crores next month.

Source: Motilal Oswal Real Estate invests ₹518 crores across nine deals