Carlyle Group will put about $26 million in India’s entry-level housing construction and development firm Value & Budget Housing (VBHC). The capital comes from FCG IX, which is a part of Carlyle Asia Growth Partners IV. VBHC will use the money to fund the creation of new affordable homes in the country. Avendus Capital is sole financial adviser to Carlyle on the transaction.

Click here for the release from Carlyle Group.