Fund will invest in affordable housing and other residential housing projects. The new fund would focus on the domestic residential segment. This would be one of the biggest real estate-focused funds raised during the financial year.
The $300 million fund is the second fund that IDFC is raising from foreign investors.The PE firm is in the process of raising a separate fund of about $400 million that would invest in infrastructure supporting sectors like agriculture and telecom.
-Courtesy "The Economic Times"
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