 "ArthVeda")
Mumbai-based fund manager ArthVeda Fund Management today said that Qatar Holdings has committed to invest $250 million in its affordable housing fund.
The fund is looking at an internal rate of return of over 18–21%.
In a statement, Bikram Sen, CEO of Arthveda, said that the subscription of the entire corpus of its FDI-compliant affordable housing fund by Qatar Holding was the first substantial foreign inward investment into India’s affordable housing segment spanning LMI residences, immediately after India’s Union Budget on February 1, 2017.
ArthVeda is part of Wadhawan Global Capital, a financial services group with Dewan Housing Finance Corp (DHFL) as the
