Arthveda Fund Management to invest Rs 200-crore in realty development
A group of DHFL company, Arthveda Fund Management recently launched 200-crore fund in namely “Arthveda Star Fund“.
This fund launch is to aim to make an investment in greenfield residential projects with a greenshoe option.
The fund management has plans of investing 75 percent of its share into middle income housing projects at Tier II and III cities and metro outskirts in India.
The budget estimation for each project is between 5 crore and 20 crore aiming to choose 30 to 35 projects in realty investment.
According to the fund management experts, the main aim of the fund is to invest on building middle income housing, however the rest of it will be utilized for greenfield housing projects.
Source: The Economic Times
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