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The proceeds from the impact investment fund will be deployed in funding some of the affordable housing projects of the state’s Slum Development Board to be launched for the potentially under-served customer groups in the state.

New $450m Tamil infra fund to target Middle East investors

by James MathewSun 24 Mar 2019Wed 6 Oct 2021

Tamil Nadu Infrastructure Fund Management Corporation’s fund will be an impact investment fund that will be deployed in the affordable housing sector in the state of Tamil Nadu, India

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Leading industry experts feel that the affordable housing segment, priced in the range of $55,000 - $85,000, is likely to attract more and more NRI investors, mainly on account of the higher returns on rental income, as well as easy resale propositions.

Affordable housing india

Indian budget changes to spur Gulf NRI investment in residential market

by James MathewTue 5 Feb 2019Tue 9 Nov 2021

India’s interim budget announced tax waivers and rollovers of capital gains tax on the sale of houses