HIREF-HDFC International Realty Fund pick up 26% in Chennai township project
The pre-launch interest for these plots has been good so HDFC Property Fund decided to invest despite a general sluggishness in the real estate market

Chennai: HIREF International Llc-HDFC International Realty Fund picked up a 26 % stake in Tarendra Infrastructure Pvt Ltd, a special purpose vehicle (SPV), for ₹ 100 crore. The SPV is promoted by Chennai-based True Value Homes to develop real estate plots at Manivakkam near Tambaram, a suburb of the city.
The pre-launch interest for these plots has been good so HDFC Property Fund decided to invest despite a general sluggishness in the real estate market, said K.G Krishnamurthy, CEO and managing director, HDFC Property Fund.
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