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.

EDITORIAL OF THE DAY

  • Presdential election may have become a battle field, but the final call rests with Modi

    Forging a national consensus on the presidential candidate should be the best option for both ruling National Democratic Alliance (NDA) led by prime m

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Freedom Files : Creating a communal cleave

The Nawab of Bhopal Sir Hafiz Hamidullah Khan, saboteur ...

Susan Visvanathan

Landed in trouble

The British always required get away places. Shimla is the ...

Kuruvilla Pandikattu

How to understand each other better

How do we understand and encounter people? But how can ...