Bangalore: IDFC limited’s subsidiary, IDFC alternatives has raised Rs. 750 crore for its first fund focused on the residential sector in India. The movement of this fund-raising was highly marked as the precautionary measure in the stressed real estate market of the country.The real estate fund of the IDFC which is known as IDFC Real estate Yield fund will invest Rs 60-80 crore in the sector with an expected return of 22 per cent. The fund will invest its money in prominent real estate location across the country which includes Delhi, Mumbai, Chennai, Hyderabad, Pune and Bangalore.M.K. Sinha, Managing partner and CEO of IDFC alternatives said that this will be the company’s first attempt for real estate fund and we are very confident about the fund’s performance. The real estate market is currently going through a rough patch, and most of the developers are stretched with reduces cash flows.IDFC group will focus on debt deals to generate high yields through a new fund which will ensure downside protection and adequate security cover. Under this fund, the company has already committed Rs 123 crore for two residential projects in Pune and Bangalore which aims to build high-quality portfolio by focusing on established developers.Private equity real estate funds have made 45 investments in India in last year, out of which 37 investments have announce value of $ 1.4 billion which observed a drop of 8.3 per cent as compared to 2012.Six real estate focused funds have raised about $ 338 million in 2013 with an overall major drop from the previous year’s fund.займ на карту без отказов круглосуточновзять кредит онлайн