| A private equity fund set up by Housing Development Finance Corp Ltd (HDFC.NS), India's biggest mortgage lender, is targeting raising $500 million to invest in residential real estate projects, said people directly involved in the process.
HDFC Property Fund plans to raise part of the funding from investors, including Government of Singapore Investment Corp (GIC), investment firm Temasek Holdings and Oman's State General Reserve Fund, one of the people said. HDFC, GIC, Temasek and Oman's State General Reserve Fund declined to comment. The sources declined to be named as the fundraising plan is not public yet.............................................Full Article: Source
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