HDFC Capital sets up GIFT City fund for Indian housing

What's the deal? HDFC Capital AdvisorsDealroom has a profile for this one. Try Dealroom →, the real-estate private equity arm of India's HDFC Group, has launched a Category II Alternative Investment Fund (AIF) in Gujarat International Finance Tec-City (GIFT City). The fund targets residential housing development across India. Law firm Touchstone PartnersDealroom has a profile for this one. Try Dealroom → advised on setting it up.

What's the endgame? The vehicle is aimed at backing residential housing projects, extending HDFC CapitalDealroom has a profile for this one. Try Dealroom →'s focus on India's home-building sector.

Who ran it? A Touchstone Partners team led by partner Sameeksha Chowla, with senior associate Ravleen Chhabra and associate Jubin Malawat, handled the transaction and its regulatory approvals in GIFT City.

The signal: GIFT City, India's flagship international financial hub, continues to draw fund structures as managers use it to house AIFs, pointing to its growing role as a base for domestic and cross-border investment.

Read more: thelawmonitor.com

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