A real estate investment arm of Motilal Oswal PE , MORE – Motilal Oswal Real Estate, has invested Rs 113 crore in Rajesh Lifespaces’s an ongoing residential project at Powai, Mumbai, by subscribing to listed NCD – non-convertible debentures, as per a disclosure note.
The funds will be utilized for completion of Raj Grandeur an onoing project. This investment has gone to SPV – special purpose vehicle Rajesh Estates and Rajesh Lifespaces group company, Nirman.
Raj Grandeur offers three and four BHK apartments in its 30 storey tower with three wings.
White City (Kandivali (E)), Raj Tattva (Thane (W)), Raj Infinia (Malad (W)), Raj Torres (Thane (W)), and Raj Altezza (Mulund (W)) are some of the ongoing projects of Rajesh Lifespaces.