DBJ and HDFC Capital: USD 1 Billion Affordable Housing Fund
Why in the news
A Japanese state-linked development bank joined an Indian real estate advisory firm to fund housing for lower and middle income buyers.
Key facts
- Investor: Development Bank of Japan (DBJ).
- Partner: HDFC Capital Advisors Limited.
- Vehicle: H-DREAM Fund, targeting USD 1 billion.
- Focus: affordable and mid-income housing across India.
- Milestone: DBJ’s first real estate investment in India.
- Framework: GIFT City offshore investment framework.
Deal snapshot
| Item | Detail |
|---|---|
| Foreign partner | DBJ, Japan |
| Indian partner | HDFC Capital Advisors Limited |
| Fund | H-DREAM Fund |
| Target corpus | USD 1 billion |
| Route | GIFT City offshore framework |
Exam angle
- Fund name to remember: H-DREAM.
- Country of DBJ: Japan.
- Related terms: GIFT City, affordable housing, offshore investment.