HDFC Property Fund aims to raise $500 mn from overseas investors

Bengaluru: HDFC Property Fund, the real estate investment arm of India’s largest mortgage lender, is planning to start raising $500 million from overseas investors, nearly two years after it was originally planned. The fund wanted to first exit its earlier investments and return money to investors before raising more funds. Separately, parent Housing Development Finance Corp. […]

Rs60,000 crore urban housing fund gets cabinet approval

New Delhi: The Union cabinet on Tuesday approved the creation of a Rs60,000-crore National Urban Housing Fund to finance the government’s Housing for All programme, which aims to build 12 million affordable housing units in urban areas by 2022. The newly created fund will be placed under the aegis of the Building Materials and Technology Promotion […]