HDFC Fund raises $250m for realty investments

Tags: Real Estate
HDFC Property Fund, a part of financial sector conglomerate HDFC group, today announced the closure of $250 million international fund focused on investing in Indian real estate.

The fund-raising exercise has been concluded with investments from marquee international institutional investors and marks closure of HDFC's second international real estate fund, it said in a statement.

HDFC had raised an international fund of $800 million in 2007, which is fully deployed.

The recently closed fund will focus on investing primarily in residential property developments in major cities across India.

HDFC Property Fund had also set up in 2005 two domestic real estate funds; one with a corpus of Rs 1,000 crore that has been substantially exited and another Rs 464.4 crore fund, which is fully exited now.

The cumulative assets under management of HDFC Property Fund exceed $1 billion.


  • The govt's objective to make air travel more accessible, is welcome

    The feel good factor is bound to percolate down the line to the ‘aam admi’ looking for ‘achche din’, in case the regional air connectivity sch


Stay informed on our latest news!


Sachin Shridhar

Building the nation, babu-style

Home Minister Rajnath Singh has promised that the India-Pakistan ...

Zehra Naqvi

Of absolute truth & relative perception

Is there such a thing as absolute truth? Look around ...

Shona Adhikari

Owais Husain searches for a lost homeland

The seventh edition of the Mumbai Public Art Festival (PAF) ...