NIIF invests Rs 6.6 bn in HDFC’s realty fund for affordable housing

NIIF invests Rs 6.6 bn in HDFC’s realty fund for affordable housing The National Investment and Infrastructure Fund (NIIF) of India has invested Rs 6.6 billion in HDFC Capital Affordable Real Estate – 2 (H-CARE 2), an investment platform, managed by HDFC Capital Advisors (HCA). H-CARE 2 has a corpus of Rs 42.9 bn. The Fund provides mezzanine finance to developers of…

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Taurus Investment Holdings to focus on tier 2 and 3 cities in India

Taurus Investment Holdings to focus on tier 2 and 3 cities in India Taurus Investment Holdings, the Boston-headquartered global real estate private equity investment and development company which began its Indian journey with a Rs 1500 crore project at TechnoparkThiruvananthapuram, plans to focus more on the tier 2 and 3 cities in the country.The company founder and chairman Lorenz…

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Housing sales up 24%; new supply down 35% in 9 cities in July-Sep: PropTiger

Housing sales rose to 72,472 units during July-September 2018 from 58,470 units in the year-ago period across nine major cities. Top nine property markets in the country saw 24 percent increase in housing sales during July-September period, but new launches declined by 35 percent resulting in a fall in unsold apartments, according to News Corp-backed…

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