IDFC Alternatives to raise Rs 2,000 crore real estate fund

IDFC Alternatives, the asset management arm of infrastructure finance company IDFC Ltd, is looking to raise a $300-million ( Rs 2,000 crore) fund to invest in the Indian real estate sector, people close to the development said. While some of the earlier real estate-focused funds raised under the IDFC Alternatives umbrella were bullish on the commercial real estate or office space, the new fund would focus on the domestic residential segment. This would be one of the biggest real estate-focused funds raised during the financial year.

Read more: Economic Times