HDFC Capital to set up platform worth Rs 1000 cr

03 Apr 2023 CW Team

The real estate division of TVS Motor Company, Emerald Haven Realty Ltd (TVS Emerald), has agreed to a term sheet with HDFC Capital Affordable Real Estate Fund-3 to establish a platform worth Rs. 1000 crore for projected development projects in Chennai and Bengaluru.

According to a news release from TVS Emerald's President and CEO, Sriram Iyer, the company has been developing and completing projects in Chennai for nearly 10 years. With the recent launch of TVS Emerald Jardin and many additional land purchases, the company has also joined the Bangalore market. “This is a strategic tie-up to grow our plotted development portfolio in the south markets.”

HDFC Capital, a division of Housing Development Finance Corporation Ltd., is the investment manager for the SEBI-registered Category II Alternative Investment Funds HDFC Capital Affordable Real Estate Fund 1, HDFC Capital Affordable Real Estate Fund 2, and HDFC Capital Affordable Real Estate Fund 3 Schemes 1 & 2. Together, these funds total $ 3.1 billion, which will be used to build inexpensive and middle-income housing in India.

According to Vipul Roongta, MD & CEO of HDFC Capital Advisors Limited, the company will continue to focus on satisfying the rising demand for plotted developments at reasonable costs through this platform with TVS Emerald.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..