HDFC Capital Advisors is looking to invest $550 million by March

It has identified 15 residential projects of big realtors such as Godrej, Mahindra Lifespace

In one of the largest planned fund infusions in affordable housing, HDFC Capital Advisors, the property fund management arm of HDFC, is looking to invest $550 million (Rs 35,000 million) by the end of this financial year.

“The fund has identified around 15 residential projects so far. Total commitments should aggregate $550 million by the end of March 2018,” said Deepak Parekh, chairman, HDFC.

According to experts, the fund infusion can be compared to Piramal Finance, which disburses over Rs 20 billion every month to developers in various type of financing.

The HDFC fund has identified projects of developers such as Godrej Properties,