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

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

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

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

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code