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

29 Apr 2024 CW Team

Eldeco Infrastructure and Properties Limited, in collaboration with HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1), is set to infuse Rs 3.50 billion into building housing projects across India. This strategic partnership aims to accelerate the development of affordable and mid-income housing projects in key markets.

The investment will be directed towards acquiring and developing residential projects in various cities, catering to the growing demand for quality housing solutions. Both Eldeco and HDFC Capital bring their expertise and resources to the table, leveraging synergies to maximise the impact of the investment.

Eldeco, a renowned real estate developer with a strong presence in North India, has a track record of delivering high-quality residential projects that cater to diverse customer needs. On the other hand, HDFC Capital brings deep insights and financial backing, specialising in investing in affordable and mid-income housing projects.

The collaboration between Eldeco and HDFC Capital underscores their shared commitment to addressing the housing needs of India's growing urban population. By pooling resources and expertise, the partners aim to create sustainable and inclusive housing developments that enhance the quality of life for residents.

The Rs 3.50 billion investment signifies a significant step towards bridging the gap in affordable housing supply and meeting the aspirations of millions of homebuyers. It also reflects the confidence of investors in the long-term potential of the Indian real estate market, especially in the affordable housing segment.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..