Motilal Oswal's IREF IV closes with 20.4% IRR after full exit of all 37 investments
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Motilal Oswal Alternates announced on Thursday the closure of its India Realty Excellence Fund IV after exiting all 37 investments.
- ✓The ₹1,155 crore fund got a 20.4 per cent IRR.
- ✓It supported developers across seven cities despite many challenges like rising interest rates and the COVID-19 pandemic during its lifecycle.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Business Line
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Motilal Oswal Alternates announced on Thursday the complete closure of its fourth real estate fund, India Realty Excellence Fund IV (IREF IV), after exiting all 37 investments in the portfolio with a portfolio IRR of 20.4 per cent.
The ₹1,155 crore fund, a 2020 vintage, provided structured capital to developers at the pre-approval stage across seven cities. Its developer partners included Casagrand, Puravankara, Kolte Patil Developers, Urbanrise, Phoenix, Rajapushpa, Ashwin Sheth and Radiance Realty.
The closure comes roughly 18 months after MO Alternates fully exited IREF II in April 2025, which returned an IRR of 18.3 per cent. With IREF IV now wound down, three of the platform's six real estate funds have been fully exited, while two others are making payouts and working toward full exit. The sixth fund, IREF VI, is currently in its investment phase.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Business Line
Read the full, original unfiltered story directly on the publisher's portal.