HDFC plans to raise $500 mn realty pvt equity fund
Fund to be invested in residential real estate projectscts
Dec 17, 2014
Source : The Hindu Business Line

 

HDFC plans to raise part of the private equity fund from investors, including Government of Singapore Investment Corp (GIC), investment firm Temasek Holdings and Oman’s State General Reserve Fund, one of them said.

HDFC, which will start approaching investors early next year, expects to generate returns of 21 per cent over the seven-year life of the fund by investing in residential projects in western and southern India.

HDFC, GIC, Temasek and Oman’s State General Reserve Fund declined to comment. The sources declined to be named as the fund-raising plan is not public yet.

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