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 Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..