This includes an upfront amount of $1.2 billion with an additional $600 million committed towards reinvestment of the principal amount, the company said in a statement. India’s HDFC Capital, a private equity investment manager, said on Sunday it has raised $1.8 billion from investors, lead by a unit of sovereign wealth fund Abu Dhabi Investment Authority (ADIA), for its third low-cost housing fund. A unit of lender Housing Development and Finance Corporation (HDFC) Ltd, HDFC Capital has a long-term plan to fund the development of one million affordable homes in India, in line with Prime Minister Narendra Modi’s ‘Housing for All’ campaign.“In India, housing will play an even more important role as a catalyst for growth,” said Deepak Parekh, chairman of HDFC Ltd, in the statement. Together with its first two funds, in which ADIA has also invested, HDFC Capital has a $3 billion funding platform, making it one of the biggest in the world for affordable housing.