Housing Development Finance Corporation has announced the closing of its first sponsored international real-estate fund, HIREF International LLC at US$ 800 million. This shall make it one of the country's largest international real estate funds. The 9-year close-ended fund, open for subscription from only foreign investors was privately placed and was subscribed to by 28 investors.
With this international real-estate fund, HDFC will be the largest player in the real estate private equity space in India.
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