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HDFC property fund plans to raise $500-mln real estate offshore fund by end-2012

Posted on 25 September 2012

The private equity arm of Housing Development Finance Corporation, HDFC Property Fund, plans to raise a $500-million real estate off shore fund by the end of 2012.
The company is in talks with sovereign funds, including Government of Singapore Investment Corporation (GIC) and Qatar Investment Authority, to raise the capital. It is also talking to Japanese and US investors, a person having direct knowledge of the fund raising said, requesting anonymity………………………………………..Full Article: Source


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