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.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..