International Finance Corporation
Civil construction and real estate major Shapoorji Pallonji and Company Ltd is likely to get a major boost for the development of affordable housing project. The private investment arm of World Bank, International Finance Corporation (IFC) is likely to lend it $30 million for the task. Bigger Plan SPCL has big plans for the future. [...] Continue Reading »
The World Bank’s arm International Finance Corporation (IFC) will invest $ 21 million in India’s SAMHI Hotels by way of convertible debentures with the focus to create jobs, promote energy efficiency infrastructure. IFC, a member of the World Bank Group, is investing $ 21 million in SAMHI Hotels through compulsorily convertible debentures. The investment will [...] Continue Reading »
According to sources, International Finance Corporation (IFC), the private sector investment arm of the World Bank Group which invests through various forms such as equity, quasi-equity and debt, is looking to invest up to $50 million in Tata Housing Development Company’s affordable housing arm Smart Value Homes Ltd. Smart Value Homes is going to use [...] Continue Reading »
International Finance Corporation (IFC) is strengthening its affordable housing team in India. Senior investment and property development managers and green specialist from its global office are expected to join the Indian arm by August. The low-cost housing initiative is currently headed by Subrata Dutta Gupta who was earlier involved in IFC’s housing finance business. It [...] Continue Reading »
