Biggest Indian Bank’s Unit Plans $2 Billion Private Credit Fund
- Fund to primarily focus on lending to residential projects
- Property sector set for highest deal flow in India, EY says
A HDFC Bank Ltd. branch in Mumbai.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
An arm of India’s biggest lender HDFC Bank Ltd. is seeking to raise as much as $2 billion for a real estate private credit fund as demand for new homes surges in the world’s most populous country.
HDFC Capital Advisors Ltd. is looking to raise $1 billion, with an option to expand the fund by an additional $1 billion, according to people familiar with the matter. The investor base will consist largely of international institutional investors, the people said, asking not to be identified discussing private information.