LICHFL Urban Development Fund
A Landmark Fund Focused on Housing & Infrastructure
LICHFL Urban Development Fund (LUDF) is the maiden fund sponsored by LIC Housing Finance Limited and co-sponsored by Life Insurance Corporation of India.
The fund successfully closed in March 2013 at INR 5.29 billion, exceeding its target corpus of INR 5 billion.
LUDF brought together a strong investor base, including leading Indian banks, insurance companies, corporates, and high-net-worth individuals (HNIs).
Regulated and Institutional Framework
Mid-Income Housing
Healthcare Infrastructure (Hospitals)
Education Assets (Schools)
Industrial & IT Parks
Warehousing
SEZs
Diversified Investments Across Key Cities
Key Highlights:
- Investments in major cities: Mumbai (MMR), Pune, Bengaluru, Hyderabad, Chennai
- Focus on affordable and mid-income housing projects
- Exposure to operational healthcare assets in Punjab
- Customized investment structures tailored to each project
Active and Disciplined Oversight
Board representation in all portfolio companies
Rights to preferential cash flow distribution
Strong governance through veto rights and monitoring systems
Escrow / joint account structures for revenue control
Regular performance reviews supported by technical and internal audits
Rights to preferential cash flow distribution
Strong Institutional Backing
LIC Housing Finance Limited
Sponsor and Promoter of the fund with a commitment of 10% of aggregate capital commitments
One of India’s leading housing finance companies with a strong presence across retail and developer financing
Co-Sponsor: Life Insurance Corporation of India
The legacy and credibility of the LIC Group provide a strong foundation for disciplined investing and long-term value creation.
Key Strengths:
- Extensive nationwide network of offices and intermediaries
- Strong developer relationships across India
- Large and growing mortgage portfolio
- Proven track record in housing finance