HDFC Fund Takes Over 50% Of ACME Housing ProjectHDFC Property Fund's international wing has picked up a nearly 50 per cent stake in Mumbai-based developer, ACME Group’s housing project in Thane. The fund has bought the stake in a special purpose vehicle (SPV) to develop an eco-township but the exact financial details of the deal are not known. The township, ACME Ozone to be developed on 1.1 million sq ft, will have 760 residential apartments’ and a small commercial space based on the eco-living theme. 12 June 2008 Business Standard
