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India’s HDFC said to raise $600 mln for property fund

Posted on 06 October 2011

Housing Development Finance Corp. (HDFC), India’s largest mortgage lender, plans to raise its fourth property fund from overseas investors, said two people with direct knowledge of the matter.
Housing Development will seek to raise $600 million for residential and commercial projects in India’s largest cities, starting with an investor roadshow in Singapore from November, said one of the people, declining to be identified before a public announcement. Mahesh Shah, a Mumbai-based spokesman for HDFC, declined to comment……………………………………….Full Article: Source


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