| Some of the bulge-bracket global investors are betting on India's affordable housing story with the country's leading mortgage lender HDFC rolling out its $1-billion offshore fund to finance such projects.
The world's second largest sovereign wealth fund the Abu Dhabi Investment Authority (ADIA), is one of the investors, according to two persons close to the development. Two European pension fund pools have also committed investments. The fund, according to a senior banker, has already completed its "first close" of $500 million — pooling a large share of it from the Gulf-based sovereign wealth fund (SWF)...............................................Full Article: Source
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