Usd 720-million For Hdfc Realty Fund
By property vertical
HDFC’s venture capital arm that focuses on construction activities is in the midst of setting up an international real estate fund, with plans to raise USD 720-million from international investors.One of the biggest, domestic real estate funds, HDFC Property Fund will pool in the international component of the new fund into a Mauritius-incorporated entity, and thereafter invest in HDFC International Real Estate Fund.These funds will be raised from international investors, including banks, pension funds, other financial institutions, multilateral agencies and high net worth individuals across Europe, North America and Asia, to be pooled into India Off-shore Real Estate Investments.Pegged at Rs. 35-billion, this is one of the biggest till date,

the third of HDFC Property Fund realty schemes, since its launch last year. Its first, HDFC India Real Estate Fund, has a corpus of Rs. 10-billion, and has been invested in commercial, residential, hospitality, integrated township and other related sectors.HDFC IT Corridor Fund, its second scheme, with a corpus of Rs. 46.4-billion has been invested in IT infrastructure assets across India, investing in equity shares, preference shares, convertible debentures or other securities of Indian companies engaged in the construction and real estate sector.Acquire information on Real Estate at http://www.propertyvertical.com For information on Real Estate Property in Delhi, Gurgaon and surrounding areas Visit http://www.propertyvertical.com/delhi