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Business News/ Companies / HIREF-HDFC International Realty Fund pick up 26% in Chennai township project
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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

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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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Updated: 16 Oct 2015, 11:45 PM IST
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