HDFC Capital achieves $376-mn initial close for scheme 2 of H-CARE 3

HDFC Capital has achieved the initial close of $376 million for Scheme 2 of HDFC Capital Affordable Real Estate Fund – 3 (H-CARE 3) to provide long term, flexible funding across the lifecycle of affordable and mid-income housing projects including early-stage funding, the company said in a statement on Monday.
 

H-CARE 3 Scheme 1 & 2 and HDFC Capital Affordable Real Estate Funds – 1 & 2 have created a US$3.1 billion funding platform, rated as one of the world’s largest private finance platforms focused on developing affordable housing. The company said that the company's primary investor in H-CARE 3