HDFC Capital and IFC partner for green affordable housing finance in the country
World Bank Group member, International Finance Corporation (IFC), has signed an agreement with HDFC Capital Advisors to anchor about Rs 8,770 crore real estate fund focused on green affordable housing in India.
IFC would invest about Rs 1,320 crore in the HDFC Capital Development of Real Estate Affordable and Mid-Income Fund (H-DREAM Fund). This will finance projects implementing green building standards, addressing the housing gap, and promoting sustainable urban growth.
Also Read: HDFC Capital plans to invest Rs 1,500 crore in partnership with Eldeco to build home in small towns