1 min read.Updated: 20 Nov 2018, 09:53 AM ISTM. Sriram
The housing fund will initially focus on the country’s top eight cities, which are among India’s most active real estate markets, SVL said.
SBICAP Ventures Ltd (SVL) Monday announced the launch of two funds that will focus on affordable housing and small and medium enterprises (SMEs). SVL, the alternative asset management arm of State Bank of India’s subsidiary SBI Capital Markets Ltd, plans to raise ₹ 400 crore for the SME fund and ₹ 350 crore for the affordable housing fund.
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