Motilal Oswal invests Rs 450 crore in Shapoorji Pallonji Real Estate

29 Nov 2022 , 06:57 AM

Shapoorji Pallonji Real Estate (SPRE) has obtained Rs450 crore from the Motilal Oswal Group to fund its two projects.

Motilal Oswal Alternates, the Motilal Oswal Group’s investment arm, has pledged to invest Rs450 crore in Shapoorji Pallonji Real Estate. Two initiatives were supported by the investment.

One of the projects is a large finished, leased, and operational commercial building in Manesar. The second project is a township development with homes that was unveiled in 2021 and has seen significant sales.