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5 June 2026 BANKING

The Development Bank of Japan (DBJ) has partnered with HDFC Capital Advisors Ltd (HDFC Capital) to invest in real estate funds for affordable and mid-income housing in India. This marks the first-ever real estate investment by the DBJ in India.

The partnership aims for a total targeted corpus of $1 billion. Under this collaboration, the DBJ has pledged capital to the HDFC Capital Development of Real Estate Affordable and Mid-Income Fund (H-DREAM Fund), which is managed by HDFC Capital. The H-DREAM Fund has a target corpus of $500 million, with an additional $500 million green shoe option.

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