IFC looking to invest in SVH

Q: How much IFC is planning to invest in SVH?

Varun,

10th February 2013

Other in Bangalore

affordable housing

tata housing

properties in bangalore

smart value homes

international finance corporation

tata value homes

ifc

tvh

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Hey Guy's,
Have you heard the recent news? The international Finance Corporation (IFC), a member of the World Bank Group, will invest Rs. 160 crore along with Tata Value Homes (TVH), a subordinate of Tata Housing to finance affordable housing projects for low income group across India.

Gajendra V, Bangalore

13th May 2015

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Really.......
I think it's good move by themC. This project will really help to fill the country's significant housing deficit. At the same time it will help to increase availability of affordable and value homes in India.

Niketan Verma, Bangalore

13th May 2015

Do you know this investment will provide Tata Value Homes long-term capital to develop about 16800 homes over the next 10 years. Earlier, Tata Housing had delivered over 5000 apartments in the price range of Rs 5 lakh to Rs. 30 lakh across various townships.

Gajendra V, Bangalore

13th May 2015

Well Gajendra,
I think this move will help help them to become India's largest home provider in the value and affordable housing section by 2018-19.

Niketan Verma, Bangalore

13th May 2015

Recently, they announced the sale of its fourth project called New Haven (its first venture in Bangalore) under the banner of Smart Value Homes.

Manjunath, Bangalore

22nd April 2013

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Smart Value Homes is going to use the funds to construct affordable housing near industrial clusters in the 10 largest metros in India. However, the sites for IFC-financed projects are not yet fixed. IFC will partially fund the development of affordable housing units. Smart Value Homes, whose head quarter in Mumbai, has seven seven ongoing projects in the states of Gujarat, Tamil Nadu, Maharashtra and Karnataka. SVH is also planning to sell around 50,000 affordable housing units in India over the next five years.

Nagesh, Bangalore

22nd April 2013

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According to sources, International Finance Corporation (IFC), the private sector investment arm of the World Bank Group which invests through various forms such as equity, quasi-equity and debt, is looking to invest up to $50 million in Tata Housing Development Company’s affordable housing arm Smart Value Homes Ltd.

Sagar Prasad, Bangalore

22nd April 2013

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