HDFC, L&T in talks for a development and investment platform

07 Apr 2022 CW Team

HDFC Capital is in talks with Larsen and Toubro Realty to set up a residential development and investment platform with an investment of Rs 4,000 crore. The joint platform will be structured as an Alternative Investment Fund (AIF) which will make investments in mid-market residential projects in the country.

HDFC Capital Advisors and L and T Realty to infuse equity into the platform. The developer shall be responsible for executing projects having the investments of the joint entity.

It is said that the discussions have reached an advanced stage and the final decision regarding the equity infusion by both of them will be taken soon.

The investment platform will raise the fund from the market after deciding on the equity infusion by HDFC Capital and L and T Realty.

HDFC Capital has a plan to invest approximately $2 billion in affordable housing, it has secured the first close for a fund among the world’s largest residential property investments.

HDFC Capital Affordable Real Estate Fund 3 had already garnered $1.22 billion by mid-January and the total corpus will be around $2 billion, which includes potential reinvestments. The primary investor for the same was a wholly-owned unit of the Abu Dhabi Investment Authority (ADIA).

H-CARE-3 is HDFC Capital’s third fund. The previous funds raised, Affordable Real Estate Funds 1 (2016) and 2 (2017) totaled $3 billion. It has formed alliances with Rustomjee Group, Prestige Group, Ambuja Neotia, Runwal Group, Shapoorji Pallonji Real Estate, and Arvind Smart Spaces.

Image Source

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..