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

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

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.

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.

Next Story
Real Estate

GHMC Launches Drive To Boost Property Tax Revenue

The Greater Hyderabad Municipal Corporation (GHMC) has launched a special campaign to enhance property tax revenue from non-residential and commercial properties by reassessing their total built-up area. Any discrepancies identified during inspections will trigger immediate revision of both property tax and trade licence fees, officials said. The initial phase of the drive focuses on shopping malls across Hyderabad, with over 300 such establishments identified in the twin cities. After the mall inspections, GHMC will extend the verification process to other non-residential properties, includi..

Next Story
Infrastructure Transport

Versova-Dahisar Coastal Road Project to Impact 1,200 Trees

The Versova-Dahisar Coastal Road Project in Mumbai will affect over 1,200 trees, according to the Brihanmumbai Municipal Corporation (BMC). Of these, 990 trees will be replanted, while the remaining will be cut down due to construction requirements. The project, which forms a key extension of the on-going Mumbai Coastal Road corridor, aims to ease traffic congestion in the western suburbs and enhance north-south connectivity along the city’s coastline. The BMC has assured that replantation efforts will be carried out in designated areas to maintain ecological balance and offset the environm..

Next Story
Infrastructure Transport

New Entry-Exit Planned on Vadodara–Mumbai Expressway near Ankleshwar

The Vadodara–Mumbai Expressway is set to get a new entry and exit point near Ankleshwar, aimed at improving regional connectivity and reducing travel time for commuters in south Gujarat. The new interchange, proposed by the National Highways Authority of India (NHAI), will offer smoother access to nearby industrial and residential areas. The project forms part of the Bharatmala Pariyojana initiative, designed to strengthen India’s expressway network and boost economic corridors. Once operational, the new interchange is expected to enhance logistics efficiency by offering improved freight..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?