IDFC raises money
The real estate arm of IDFC Alternatives, has completed fund raising of Rs 760 crore for its third real estate fund–the IDFC SCORE Fund.
IDFC SCORE Fund, a structured credit fund, will predominantly invest in approved residential projects in the top 7 cities including Mumbai Metropolitan Region, Bengaluru, Chennai, National Capital Region, Hyderabad, Pune and Kolkata, IDFC Alternatives said in a release.
“Real estate markets continue to be slow and the need for capital remains high. Through the IDFC SCORE Fund, we intend to address the need for flexible and structured debt within real estate capital markets,” said Ritesh Vohra, Partner – Real Estate, IDFC Alternatives.