SPCL will use the investment to fund its new projects in the affordable housing space.
The company plans to raise $200 million to develop 15-17 million square feet of affordable housing projects in small metros over the next eight years.
SPCL will contribute 30% of the capital, and investors, including IFC will contribute the rest.
Shapoorji Pallonji & Co. Ltd. (Affordable Housing Platform) is in civil construction and real estate development business.