The Government of Singapore Investment Corp (GIC), investment firm Temasek and Oman's State General Reserve Fund have committed to invest USD 200 million in a real estate fund run by Indian mortgage lender HDFC , a source with direct knowledge of the matter told Reuters.
The investment is in a USD 500 million real estate private equity fund launched late last year by HDFC Property Fund, founded by Housing Development Finance Corp (HDFC), India's biggest mortgage lender, the source said, speaking on condition of anonymity as the information is not public. Full story
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GIC, Temasek, Oman to invest in India's HDFC property fund - Reuters
