BackHIREF-HDFC International Realty Fund pick up 26% in Chennai township project
1 min read
16 Oct 2015, 11:45 PM IST
Join us 
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
Premium
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.
Milestone Alert!Livemint tops charts as the fastest growing news website in the world 🌏 Click here to know more.
Catch all the Corporate news and Updates on Live Mint.
Download The Mint News App to get Daily Market Updates & Live Business News.
More
Less
Updated: 16 Oct 2015, 11:45 PM IST
Next Story
