Credent Global Finance in talks to raise Rs.500-Cr AIF for tier-II realty projects

NBFC firm Credent Global Finance (CGF) is looking to raise INR 500 crore under the AIF route to fund mid segment real estate state projects in tier 2 cities. The ticket sizes of its deals would be INR 30-50 crore. The fund will launch two AIFs: one will be focused on tier 2 cities (like Indore, Chandigarh, Lucknow and Baroda) while the other will focus on independent housing.