Housing Development Finance Corp. Ltd (HDFC) has decided to set up a special situations fund that will invest in stressed projects in real estate and Kaizad Hazari has been appointed as chief executive officer-designate for the new venture. The fund aimed at exploring opportunities in real estate stressed assets, and then to take over these projects and turn them around, said vice chairman and chief executive, Keki Mistry said, adding that the real estate sector is an area of core competence for HDFC and its distressed themed fund comes at a time when the residential sector, in particular, has undergone a nearly five-year long slowdown. HDFC is scanning the market to identify projects that are stuck, and where it can help in completing them and offer possession to retail investors and buyers. As an investor, the new fund can either continue with the existing project developer or bring in a new developer. The ban is looking at the top 6-8 cities and evaluate opportunities across segments, including residential, commercial office and hospitality, he claimed.
📅Published on:
21 August 2018
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
