Eldeco, HDFC Capital to Invest Rs 3.50 Bn in Housing Projects

Eldeco, HDFC Capital Invest Rs.350M in Housing Projects

Eldeco Group, in collaboration with HDFC Capital, announced a substantial investment of Rs.350 million to bolster housing development projects across India. This strategic partnership aims to address the growing demand for affordable and mid-income housing in the country, particularly in urban centres facing housing shortages.

The infusion of funds signifies a significant step towards advancing the real estate sector's goals of providing quality housing solutions to a broader segment of the population. Eldeco, known for its commitment to excellence and innovation in the real estate..

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

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 ..

TDB & Remine India to Build E-Waste Plant

The Technology Development Board (TDB) has forged a crucial partnership with startup Remine India to address the pressing issue of e-waste in India. The collaborative effort aims to establish a state-of-the-art commercial plant for recycling lithium-ion batteries and electronic waste (e-waste) in Uttarakhand. According to the Ministry of Science and Technology, this initiative receives substantial financial backing, with TDB allocating Rs 75 million towards the Rs 150 million project.

Highlighting the significance of this endeavor, TDB Secretary Rajesh Kumar Pathak emphasized India's po..

Warburg Pincus Acquires Shriram Housing Finance

Warburg Pincus, a leading global private equity firm, has announced its acquisition of Shriram Housing Finance for an impressive sum of Rs 4,630 crore. This strategic move underscores Warburg Pincus' commitment to expanding its presence in the Indian financial sector and capitalizing on the growing demand for housing finance solutions in the country.

Shriram Housing Finance, a subsidiary of Shriram City Union Finance, has established itself as a key player in the affordable housing finance segment, catering to the needs of millions of aspiring homeowners across India. The acquisition b..

UP Cancels Noida Land Allotment to M3M

The Uttar Pradesh government has cancelled the allotment of two land parcels in Noida to the M3M Group, citing discrepancies in the allocation process. This decision marks a significant development in the real estate sector and reflects the government's commitment to transparency and accountability in land allotment procedures.

The cancellation of land allotment underscores the government's resolve to address irregularities and uphold fairness in the allocation of land parcels. It reflects a proactive approach towards ensuring adherence to regulatory norms and preventing misuse of publi..