Japan's SuMiTB makes first Indian realty fund investment with HDFC Capital
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Japan’s Sumitomo Mitsui Trust Bank made its first investment in an Indian real estate fund by joining HDFC Capital’s H-DREAM Fund.
- ✓This move pushed secured commitments past $400 million.
- ✓Riro Sato said, "This investment represents our first commitment to an Indian real estate fund and marks an important milestone."
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Sumitomo Mitsui Trust Bank has made its first investment in an Indian real estate fund. This investment is in HDFC Capital Development of Real Estate Affordable and Mid-Income Fund. The H-DREAM Fund has raised over $400 million in secured investor commitments. This fund targets residential projects within affordable housing while promoting green building standards. The investment reflects the strengthening economic relationship between India and Japan in the real estate sector.
MUMBAI: Japan's Sumitomo Mitsui Trust Bank (SuMiTB) has made its first investment in an Indian real estate fund by committing capital to HDFC Capital Development of Real Estate Affordable and Mid-Income Fund (H-DREAM Fund), managed by HDFC Capital Advisors, the real estate private equity arm of the HDFC Group.
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Economic Times
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