Housing Development Finance Corp. (HDFC) may be seeking to raise a property fund from international investors, Bloomberg reports. The Mumbai-based mortgage lender is looking to secure $600 million for residential and commercial projects in India’s largest cities.

Investors from the Asia-Pacific region and the U.S. will mainly be targeted for the private equity fund. The Indian company will invest nearly 40 percent of the fund in residential projects on the outskirts of the cities and up to 30 percent in commercial developments.

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