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HDFC Property to launch $500 million offshore fund

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.
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