The 2017 budget had proposed assigning infrastructure status to affordable housing projects and facilitate higher investments. Photo: Indranil Bhoumik/MintBengaluru: Prestige Estates Projects Ltd on Wednesday said it will create an affordable housing platform with HDFC Capital Advisors Ltd, a subsidiary of HDFC Ltd, to jointly invest Rs2,500 crore in low- and mid-income housing projects. HDFC Capital has been offering long-term equity capital to select real estate developers, mainly to develop affordable housing, preferred by builders and investors alike. HDFC Capital’s investments are done through its HDFC Capital Affordable Real Estate Fund-1. The 2017 budget had proposed assigning infrastructure status to affordable housing projects and facilitate higher investments.

Source: Mint February 07, 2018 18:56 UTC