mumbai motilal oswal real estate more the real estate arm of motilal oswal private equity mope sold its stake in two residential projects one in godrej properties in bangalore and the other in xrbia developers in mumbai metropolitan region the real estate fund has exited three of its seven investments to make around 77 of the rs 200 crore it invested since 2008 the firm has also launched its second fund india real estate fund ii of a targeted corpus of rs 500 crore and have started making investments from it iref ii that targets mezzanine transactions which provide regular income through fixed coupon and a subsequent project linked upside have invested more than rs 140 crore in mumbais ahuja developers and bangalores mahaveer group the fund will invest in mumbai new delhi chennai pune and bangalore our exits have come in challenging times for the real estate sector which is a testimony to our commitment to generate superior risk adjusted returns for our investors through diligent underwriting and proactive asset management says sharad mittal director head real estate fund motilal oswal real estate further we are evaluating some interesting investment opportunities from our new fund across metros with reputed developers in line with our investment thesis