IDFC unveils Rs. 2,000cr residential realty fund

    IDFC Residential Realty Fund
    In order to provide sufficient funding flow to the country's real estate sector, IDFC Alternatives, the asset management arm of infrastructure finance company IDFC Ltd., is all set to generate $300-million (Rs. 2,000cr) to invest in the Indian real estate sector, said an industry insider, adding that some of the earlier real estate-focused funds raised under the IDFC Alternatives umbrella, were bullish on the commercial real estate or office space, the new fund would focus on the domestic residential segment and would be one of the biggest real estate-focused funds raised during the financial year. That apart, IDFC Alternatives is all set to hit the market for raising the investment in the coming quarter and would scout opportunities in the affordable housing. The new fund would be raised from foreign Limited Partners (LPs), mainly based in the US and Europe, CEO at IDFC Alternatives, MK Sinha, said.
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