Motilal Oswal Real Estate exits Shriram Properties' project, earns IRR of 20%

Motilal Oswal Real Estate, the real estate private equity arm of Motilal Oswal Group, has exited its investment in Bengaluru-based Shriram Properties for Rs 125 crore (about $17 million), generating an internal rate of return (IRR) of 20 per cent and a multiple of 1.87x, according to an announcement.