HDFC Capital, Eldeco launch Rs. 15 bn housing platform
Real Estate

HDFC Capital, Eldeco launch Rs. 15 bn housing platform

HDFC Capital Advisors Ltd, the real estate private equity arm of HDFC Group, has launched a Rs. 15 billion ($180 million) investment platform in collaboration with Eldeco Group to develop 18 residential projects across Tier 2 and Tier 3 cities in North India.

The ambitious platform targets a revenue potential of Rs. 110 billion ($1.3 billion), spanning more than 10 million square feet of development. The planned projects will be located in cities like Panipat and Sonipat in Haryana, Rudrapur and Rishikesh in Uttarakhand, Ludhiana in Punjab, and Kasauli in Himachal Pradesh.

Vipul Roongta, Managing Director & CEO of HDFC Capital, emphasized the firm’s confidence in smaller cities situated within a 300-kilometre radius of metro hubs. “Our partnership with Eldeco aligns with our long-term vision of catalyzing the development of sustainable, aspirational housing for India’s expanding middle class,” he said.

Eldeco Group, known for its track record in townships across North India, will spearhead development through its privately held arm, Eldeco Infrastructure & Properties Ltd (EIPL). Pankaj Bajaj, Chairman & MD of Eldeco Group, remarked, “There is a huge unmet demand for quality housing in Tier 2 and 3 cities. With HDFC Capital’s support, we can now accelerate our presence in these high-growth regions.”

The collaboration underscores HDFC Capital’s larger goal of bridging India’s housing gap by focusing on affordable and mid-income housing, particularly in growth corridors outside major metros.

This platform forms a part of HDFC Capital’s US$ 4.2 billion fund ecosystem managed under four SEBI-registered Category II Alternative Investment Funds. The funds are dedicated to advancing the Government of India’s 'Housing for All' mission while promoting innovation and technology adoption in the real estate sector.

With this move, both HDFC Capital and Eldeco Group aim to redefine housing standards in emerging Indian cities and meet the rising aspirations of a growing urban population.

HDFC Capital Advisors Ltd, the real estate private equity arm of HDFC Group, has launched a Rs. 15 billion ($180 million) investment platform in collaboration with Eldeco Group to develop 18 residential projects across Tier 2 and Tier 3 cities in North India. The ambitious platform targets a revenue potential of Rs. 110 billion ($1.3 billion), spanning more than 10 million square feet of development. The planned projects will be located in cities like Panipat and Sonipat in Haryana, Rudrapur and Rishikesh in Uttarakhand, Ludhiana in Punjab, and Kasauli in Himachal Pradesh. Vipul Roongta, Managing Director & CEO of HDFC Capital, emphasized the firm’s confidence in smaller cities situated within a 300-kilometre radius of metro hubs. “Our partnership with Eldeco aligns with our long-term vision of catalyzing the development of sustainable, aspirational housing for India’s expanding middle class,” he said. Eldeco Group, known for its track record in townships across North India, will spearhead development through its privately held arm, Eldeco Infrastructure & Properties Ltd (EIPL). Pankaj Bajaj, Chairman & MD of Eldeco Group, remarked, “There is a huge unmet demand for quality housing in Tier 2 and 3 cities. With HDFC Capital’s support, we can now accelerate our presence in these high-growth regions.” The collaboration underscores HDFC Capital’s larger goal of bridging India’s housing gap by focusing on affordable and mid-income housing, particularly in growth corridors outside major metros. This platform forms a part of HDFC Capital’s US$ 4.2 billion fund ecosystem managed under four SEBI-registered Category II Alternative Investment Funds. The funds are dedicated to advancing the Government of India’s 'Housing for All' mission while promoting innovation and technology adoption in the real estate sector. With this move, both HDFC Capital and Eldeco Group aim to redefine housing standards in emerging Indian cities and meet the rising aspirations of a growing urban population.

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?