HDFC Capital Advisors has been appointed as an investment manager for the HDFC Capital Affordable Real Estate Fund-1 (HCARE-1).
- HCARE-1: SEBI registered Alternative Investment Fund (AIF).
- Objective: To primarily make medium to long term investments towards development of mass housing where the residential units would be priced in a manner so as to cater to the residential demand of the urban middle-income households.
- Targeted fund size: Approximately Rs. 5,000 crore and the first close will be Rs. 2,700 crore.
- Tenure: 12Years
Points to remember: HDFC
- CEO: Aditya Puri
- HQ: Mumbai
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