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 Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?