Signature Global raises Rs 400 cr

Realty firm Signature Global, which focuses on building affordable housing projects, on Wednesday said it has raised long term capital of Rs 400 crore from HDFC Capital realty fund.

The company raised this fund from HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital. The funding will be utilised for land acquisition and development of affordable housing projects in Haryana.

The company develops affordable housing projects under Haryana's affordable housing policy (HAHP) and independent floors under DDJAY (Deen Dayal Jan Awas yojana) affordable plotting policy.