Eldeco and HDFC Capital invest Rs.37 Million in Housing projects

26 Apr 2024 CW Team

Eldeco, a renowned real estate developer, has teamed up with HDFC Capital, one of India's leading fund managers, to inject a substantial investment of Rs 350 crore (Rs37 million) into building housing projects. This strategic collaboration aims to accelerate the development of affordable and mid-income housing units across various locations. The infusion of funds will bolster the expansion plans of Eldeco, enabling the company to undertake new projects and expedite the completion of existing ones.

The partnership between Eldeco and HDFC Capital signifies a synergy of expertise and resources in the real estate sector. Eldeco, with its decades-long legacy of delivering quality residential and commercial spaces, brings to the table its proficiency in project execution and customer satisfaction. On the other hand, HDFC Capital's extensive experience in real estate investment and finance ensures prudent allocation of capital and optimal project management.

This investment comes at a crucial juncture when the demand for affordable housing is on the rise, driven by urbanisation and government initiatives to promote homeownership. With a focus on creating sustainable and inclusive communities, Eldeco and HDFC Capital aim to address the evolving needs of homebuyers across income segments. The infusion of funds will not only facilitate the construction of new housing units but also enhance the infrastructure and amenities associated with these developments.

Furthermore, this collaboration is poised to generate employment opportunities and boost economic growth in the regions where the housing projects are situated. By leveraging innovative construction techniques and adhering to stringent quality standards, Eldeco remains committed to delivering homes that epitomise comfort, convenience, and affordability.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..