Jun 15 2016 | India Opportunities

IFC gears up to fund affordable housing projects in India

International Finance Corporation (IFC), the private-sector investment arm of the World Bank has formed a $140 million joint investment platform in collaboration with Standard Chartered PE and Asian Development Bank. The fund aims to develop affordable housing in India. IFC has announced earlier about its plan to invest in companies like Micro Housing Finance Corporation, Repco Home Finance Ltd, Aptus Value Housing Finance India Ltd and Aspire Home Finance Corporation.

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