Daily Real Estate News Digest (22nd Dec 2017)

Lodha group revives IPO plans; looks to raise Rs 3000 – 6000 crore 

Lodha group has revived plans to launch an IPO & will soon approach SEBI with the fresh prospectus as it looks to raise Rs.3000-6000cr including pre-IPO placement of shares.

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HDFC Capital raises $550 million through initial close of second affordable housing fund

HDFC has raised $550 million under initial close of its 2nd affordable housing fund, the HDFC Capital Affordable Real Estate Fund – 2. This fund will be combined with the HDFC Capital Affordable Real Estate Fund – 1, to create a $1 billion platform to invest in affordable & mid-income residential projects. 

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HDFC has sold its realty brokerage business HDFC Realty & its digital real estate business HDFC Developers to Quikr. 

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