Abu Dhabi Investment Authority invests $1bln India real estate funds | ZAWYA MENA Edition:
"With the support of the Abu Dhabi Investment Authority, ADIA, India’s HDFC Capital Advisors, a wholly-owned subsidiary of HDFC Ltd, has achieved the initial close of its second affordable housing fund, the HDFC Capital Affordable Real Estate Fund – 2, it has been announced.
This will be combined with the HDFC Capital Affordable Real Estate Fund – 1, H-CARE-1, which was raised last year, to create a US 1 billion platform targeting affordable and mid-income residential projects in India’s leading fifteen cities.
ADIA is the primary investor, through a wholly-owned subsidiary, in both H-CARE-1 and H-CARE-2."
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