HDFC Property Fund to raise $500 mn

Real Estate

After raising a $750 mn fund and a $350 mn fund in 2007-08 and 2014-15 respectively, HDFC Property will be raising a $500-million special situations fund, which will invest in residential projects, both under development as well as buyout projects with ready, unsold inventory at a discount.

Contact: VikramVed, Senior Vice President/HDFC Property Ventures.

Address: HDFC House, 4th floor, 165-166, Backbay Reclamation, HT Parkeh Marg, Churchgate, Mumbai-400 020.

Tel: 022-6631 6179.