HDFC Capital, Arvind SmartSpaces to create Rs 50 bn revenue potential
Real Estate

HDFC Capital, Arvind SmartSpaces to create Rs 50 bn revenue potential

The joint real estate investment and development platform of HDFC Capital Advisors, a wholly-owned subsidiary of India’s largest mortgage lender Housing Development Finance Corporation (HDFC), and realty developer Arvind SmartSpaces is expected to create overall revenue potential of Rs 50 billion, excluding reinvestment prospects.

Realty developer Arvind, part of the Ahmedabad-headquartered Lalbhai Group, entered into an agreement with HDFC Capital Advisors earlier this month to set up a Rs 9 billion platform to undertake residential developments.

HDFC Capital Affordable Real Estate Fund-3 (HCARE-3) will invest Rs 6 billion, while Arvind SmartSpaces will infuse Rs 3 billion crore in this joint investment and development platform.

“Our partnership with Arvind SmartSpaces will focus on the development of high-quality housing. This is in line with HDFC Capital's strategy of partnering with developers with a strong track record of development and delivery. The platform will create an overall revenue potential of up to Rs 5,000 crore excluding reinvestment potential,” said Vipul Roongta, MD & CEO, HDFC Capital Advisors.

The funds invested by both the partners will be utilised for construction and development of housing projects and townships mainly in the cities of Ahmedabad, Bangalore, Gandhinagar, Mehsana, Hyderabad, Pune and Mumbai Metropolitan Region (MMR) or any other geography as may be decided mutually by them.

See also:
Omaxe gets 50.40 acres land for sports complex at Dwarka
Maharashtra likely to invite fresh bids for Dharavi redevelopment


The joint real estate investment and development platform of HDFC Capital Advisors, a wholly-owned subsidiary of India’s largest mortgage lender Housing Development Finance Corporation (HDFC), and realty developer Arvind SmartSpaces is expected to create overall revenue potential of Rs 50 billion, excluding reinvestment prospects. Realty developer Arvind, part of the Ahmedabad-headquartered Lalbhai Group, entered into an agreement with HDFC Capital Advisors earlier this month to set up a Rs 9 billion platform to undertake residential developments. HDFC Capital Affordable Real Estate Fund-3 (HCARE-3) will invest Rs 6 billion, while Arvind SmartSpaces will infuse Rs 3 billion crore in this joint investment and development platform. “Our partnership with Arvind SmartSpaces will focus on the development of high-quality housing. This is in line with HDFC Capital's strategy of partnering with developers with a strong track record of development and delivery. The platform will create an overall revenue potential of up to Rs 5,000 crore excluding reinvestment potential,” said Vipul Roongta, MD & CEO, HDFC Capital Advisors. The funds invested by both the partners will be utilised for construction and development of housing projects and townships mainly in the cities of Ahmedabad, Bangalore, Gandhinagar, Mehsana, Hyderabad, Pune and Mumbai Metropolitan Region (MMR) or any other geography as may be decided mutually by them. See also: Omaxe gets 50.40 acres land for sports complex at DwarkaMaharashtra likely to invite fresh bids for Dharavi redevelopment

Next Story
Products

unWOOD transforms plastic waste into durable wood alternative

unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood—without the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. “Any application that introduces plastics into areas where it cannot be..

Next Story
Real Estate

Häfele launches Matrix undermount runners range

Häfele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..

Next Story
Real Estate

India's first AI-integrated campus announced in Noida

Yashoda Hospital and Bhutani Infra have announced plans to develop India’s first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel—all operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?