Home Urban Infrastructure News Realty News Shapoorji eyes tie-up with IFC, HDFC Capital Advisors for low-cost housing

    Shapoorji eyes tie-up with IFC, HDFC Capital Advisors for low-cost housing

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    Shapoorji eyes tie-up with IFC

    Real Estate leading company, Shapoorji Pallonji, eyes the low-cost housing segment with plans to build homes in the Rs 10 lakh to Rs 20 lakh category on the peripheries of large and tier II cities.
    Shapoorji Pallonji Real Estate is in conversation with HDFC Capital Advisors, the real estate fund management arm of HDFC, and International Finance Corporation (IFC) separately, to float a platform to invest and develop low-cost homes across the country.
    Shapoorji Pallonji Real Estate to build homes in the Rs 10 lakh to Rs 20 lakh category on the peripheries of large and tier II cities, such as Jaipur and Indore, among others.
    For HDFC Capital and Shapoorji, low-cost housing is a new segment which has low margins but scale makes up for the small margins.

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