DHFL plans Rs. 6,300cr for realty projects

    DHFL Realty Projects
    In order to push its footprint in the country's real estate sector and also adding to its project portfolio, the Dewan Housing Finance Corporation in a recent move has decided to generate Rs 6,300-cr via issuance of secured redeemable non-convertible debentures up to an amount of Rs. 5,000cr, unsecured non-convertible debentures of Rs 1,000-cr and perpetual debt up to an amount of Rs 300-cr till the date of the next decision by the empowered members of the decision making board. The generated funds will be deployed in its on-going and upcoming projects across the country and a major chunk of the investment will go to the affordable segment of housing aimed at the lower strata of the society, said official sources.
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