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.

(For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in