LIC Housing Finance PE arm to invest in social infra projects.

Rajiv,

11th February 2015

Real estate News in Mumbai

real estate

infrastructure

private equity

lic housing finance

social infra projects

venture capital

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A sharp spike in bad loans in recent years has made banks careful of lending to real estate projects, boosting builders to arrange the bulk of loans from finance companies and private equity funds.

Rubiya,

12th February 2015

Comment

That gr8 Rubiya,
They are looking for an opportunity in warehousing business because they expect e-commerce to pick up in a big way in months to come. Now-a-days all online retailers will look at warehousing facilities. This will create demand for warehousing.

Neeraj Rao,

11th February 2015

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Do you know that the company has already invested half of the fund corpus in firms involved in development of midincome housing projects. They are also planning to invest the remaining corpus in social infrastructure either in the form of equity or debenture or both.

Rubiya,

11th February 2015

Comment

Yes,
AK Sharma, CEO and director at LICHFL Asset Management Company said that the development period is short and this gives them an opportunity to diversify their portfolio. He also explained that the thinking behind the plan to invest in social infrastructure.

Neeraj Rao,

11th February 2015

Comment

LICHFL Asset Management Company, the private equity and venture capital arm of LIC Housing Finance, will invest half of its Rs 529-crore first realty fund in social infrastructure such as schools, hospitals and warehousing facilities. The fund was raised in 2013-14 for a term of six years. It has 30 investors.

Rubiya,

11th February 2015

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