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Realty fund buys HomeKraft stake

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NEW DELHI: HDFC’s real estate fund has acquired a “significant minority” stake in Noida-based ATS group firm HomeKraft and will create a $300 million corpus to develop affordable and mid-income housing projects. In March, ATS group founder Getamber Anand launched a new venture HomeKraft to develop mid-income and affordable housing projects in a price range of Rs 30-70 lakh. HomeKraft has diluted a significant minority stake to HDFC Capital Affordable Real Estate Fund, it said.