Tamil Nadu Shelter Fund (TNSF), a fund managed by the Tamil Nadu Infrastructure Fund Management Corporation (TNIFMC), has invested Rs 95 crore in an affordable housing project by Vijay Raja Homes, the company said in a media release.
The fund will be utilised for the construction and development of 2,700-unit project in Thirumazhisai, a suburb in western Chennai.
JLL India was the advisor for the transaction.TNSF is a Category I (Social) Alternative Investment Fund (AIF) invested by global investors like World Bank and managed by TNIFMC.