Tag: IFC

Housing FinanceLatest Stories

IFC to Invest ₹300 Crore in Grihum Housing’s RMBS

NEW DELHI: The International Finance Corporation (IFC) aims to enhance homeownership among low- and middle-income families by investing up to ₹300 crore (approximately USD 30 million) in Residential Mortgage-Backed Securities (RMBS) issued by Grihum Housing Finance, a company specializing in affordable housing finance. This issuance aims to stimulate private capital for affordable mortgage lending and develop India’s RMBS market, according to a statement released by the IFC, an entity of the World Bank Group, on Friday. RMBS instruments are securities backed by collections of retail residential mortgages. They enable housing finance providers to transform loan cash flows into tradable securities,…

Latest StoriesResidential

Ashiana Housing to invest ₹750 crore in Gurugram project

Sure! Here’s a rewritten version of your content: NEW DELHI: Ashiana Housing is set to invest over ₹750 crore in its new residential project, Ashiana Aaroham, located in Sector 80, Gurugram. The funding for this project will come from internal accruals, support from the IFC, customer advances, and financing backed by ICICI Pru NCD. Covering an area of 10.8 acres, the land for this development is fully owned by Ashiana Housing, and it plans to construct 542 units across six towers. Phase 1 of the project will involve an investment of approximately ₹250 crore and will feature 182 units, with…

IndustryLatest Stories

IFC Invests $150M in HDFC Capital’s H-DREAM Fund

Representative image created by AI NEW DELHI: The International Finance Corporation (IFC) has pledged up to $150 million as a leading equity investor in the H-DREAM Fund, a private credit initiative worth $1 billion aimed at advancing the development of sustainable, affordable, and mid-income housing in urban India. The H-DREAM Fund is managed by HDFC Capital Advisors, the private equity division of HDFC Group and a subsidiary of HDFC Bank. With an initial capital of $500 million and an additional $500 million green shoe option, H-DREAM’s goal is to attract long-term investments from both global and domestic institutional investors. The…