MUMBAI -- Indian investment manager HDFC Capital, a subsidiary of the country's largest private bank, and a World Bank Group unit will launch a $1 billion fund in early 2025 to promote the building of affordable housing for the middle classes.
The World Bank Group's International Finance Corporation (IFC) will put up to $150 million in the fund, which will focus on investing in green loans and other debt instruments issued by Indian developers of green residential housing.
