Tata Housing Development Company’s affordable housing arm, Tata Value Homes, has raised $25 million from the U.K. government-owned development finance institution CDC. CDC joins World Bank’s private financing arm International Finance Corporation (IFC) in investing in the unit. The investment from CDC will help Tata Value meet its commitment toward delivering quality living spaces to low and middle-income groups in the country, Brotin Banerjee, CEO and managing director of Tata Housing, said in the statement. Tata Value Homes is developing projects under two brands — Shubh Griha and New Haven. It is also developing a Mediterranean-themed project at Santorini, near Chennai, and La Montana near Telegaon, Pune.
