HDFC Capital, Cerberus tie-up to help residential projects
Real Estate

HDFC Capital, Cerberus tie-up to help residential projects

HDFC Capital Advisors Ltd and real estate investment firm Cerberus Capital Management, LP have tied up to form a special situations platform for the Indian residential real estate sector.

This special situations platform will partner with quality developers and provide capital solutions to speed up residential real estate project construction and completion. It will seek to purchase inventory and provide last-mile funding for under construction residential projects across India, among other real estate related opportunities.

The platform's development is in response to a series of shocks to the Indian residential real estate market that has created a significant need for capital. Many buyers have been unwilling to fund projects in advance of completion, while traditional financing channels have come under severe pressure.

HDFC Capital Advisors is a 100% subsidiary of HDFC. The company provides investment management services for real estate private equity financing and is one of India's largest fund managers.

Cerberus has over Rs 3.93 lakh crore in assets across complementary credit, non-performing loans, real estate, and private equity. Since 2019, the company has been active in India across numerous verticals. It has been involved in the acquisition of non-performing assets, provision of capital to corporates, and creation of financial services and real estate platforms.

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Also read: Realty majors use first construction labour PM platform

HDFC Capital Advisors Ltd and real estate investment firm Cerberus Capital Management, LP have tied up to form a special situations platform for the Indian residential real estate sector. This special situations platform will partner with quality developers and provide capital solutions to speed up residential real estate project construction and completion. It will seek to purchase inventory and provide last-mile funding for under construction residential projects across India, among other real estate related opportunities. The platform's development is in response to a series of shocks to the Indian residential real estate market that has created a significant need for capital. Many buyers have been unwilling to fund projects in advance of completion, while traditional financing channels have come under severe pressure. HDFC Capital Advisors is a 100% subsidiary of HDFC. The company provides investment management services for real estate private equity financing and is one of India's largest fund managers. Cerberus has over Rs 3.93 lakh crore in assets across complementary credit, non-performing loans, real estate, and private equity. Since 2019, the company has been active in India across numerous verticals. It has been involved in the acquisition of non-performing assets, provision of capital to corporates, and creation of financial services and real estate platforms. Image Source Also read: Realty majors use first construction labour PM platform

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