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

06 Apr 2026

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

G R Infraprojects Secures Rs 4,130 Million BESS Contract From NTPC

G R Infraprojects said it has secured a contract from NTPC to supply and implement a battery energy storage system (BESS) valued at Rs 4,130 million (mn). The company reported the order was awarded as part of NTPC's ongoing efforts to enhance grid flexibility and energy storage capacity. The contract represents a notable addition to the firm's project pipeline and underscores demand for utility scale storage solutions. The award is expected to strengthen G R Infraprojects' presence in the energy infrastructure sector and to contribute to the firm's order book and future revenues, subject to st..