Sharad Mittal, the CEO of Real Estate Funds at Motilal Oswal Alternates, has resigned from the company after successfully raising five funds worth over Rs 7,500 crore from global and domestic investors over the last 10 years.
With over two decades of experience in the real estate industry, Mittal plans to start his real estate fund. In light of his departure, Saurabh Rathi and Anand Lakhotia have been appointed as co-heads for the real estate platform.
Mittal's decision to embark on his entrepreneurial journey comes amid a notable upswing in the housing property market in recent years, leading to several senior managers in the real estate funds sector venturing out on their own.
