HDFC closes intl real estate fund at $800mn

Housing Development Finance Corporation (HDFC) today announced the closing of its first sponsored international real estate fund, HIREF International LLC, at $800 million.
The nine-year, close-ended fund, open for subscription from only foreign investors, was subscribed to by 28 investors. With this international real estate fund, HDFC will be the largest player in the real estate private equity space in India, the release added.