HDFC Property Ventures Limited
HDFC Limited entered the private equity business with HDFC Property Fund in the year 2005. HDFC Venture Capital Limited ('HVCL') is the Fund Manager to HDFC Property Fund managing two schemes of the Fund ie, HDFC India Real Estate Fund (Corpus-Rs 1,000 crore) and IT Corridor Fund (Corpus-Rs 464 crore).
Griha Investments ('GRIHA') is the Fund Manager to HIREF International (Corpus-USD 750 million), domiciled in Mauritius. HPVL is the Investment Advisor to 2 domestic funds managed by HVCL and an offshore fund managed by GRIHA. It is a 100% subsidiary of HDFC Ltd.