HDFC Property to launch $500 million offshore fund
Friday, April 14, 2017, 9:39 AM
HDFC Property Fund, backed by mortgage financier HDFC Ltd, is set to launch a $500 million offshore fund that it has been planning since early 2016, a company executive said. The fund will invest up to 40% in office spaces and the rest in residential projects with a focus on affordable housing. This will be HDFC Property Fund’s third offshore fund.