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HDFC closes second affordable housing fund at $550m

HDFC Capital Advisors held a first close on its second affordable housing fund at $550 million, the firm announced in a press release. The Mumbai, India-based firm said it would combine the capital raised in this vehicle with that of the firm's debut housing fund from 2016, raising HDFC's total investment pool to $1 billion.

Deploying the combined funds, HDFC plans to provideequity and mezzanine capital to affordable housing developers inIndia, aligning with the government's efforts to inc

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