Sunteck Realty and IFC join hands to invest in affordable housing sector
Real estate developer Sunteck Realty has joined hands with the International Finance Corporation (IFC) to invest up to Rs 750 crore to develop 4-6 affordable housing projects in the Mumbai Metropolitan Region (MMR).
IFC, a member of the World Bank, is the largest global development institution focused on the private sector in emerging markets. The investment will be towards the development of nearly 12,000 housing units across 4-6 green housing projects.