HDFC's realty fund eyeing south India
With valuations dropping in real estate, players like HDFC are using their property funds not just to make selective purchases but also to penetrate all verticals of the real estate market. HDFC's Real Estate Fund, which raised Rs 3,200 crores from international investors last year is slowly but surely cementing its investment strategy, for about Rs 1,000 crores. And the focus is south India and Mumbai.
