India Realty Excellence Fund managed by Motilal Oswal Private Equity Advisors, Supreme Universal and Mirchandani Group have invested Rs 60 crore to develop a realty project in the outskirts of Pune.
It has an estimated development potential of 7 lakh square feet and comprises villas and apartments.
The joint venture formed as part of the strategic partnership would be for developing over 16 acres in Pune. Supreme Universal is a Mumbai- based developer that has developed several premium projects in Mumbai and Pune, while the Mirchandani Group has developed projects in Pune, Mumbai, Indore and Bhopal.
